Zacks Research Cuts Moelis & Company's EPS Estimate for 2026

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LongbridgeAI
07-10 21:13
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Summary

Zacks Research has revised its earnings per share (EPS) estimate for Moelis & Company (NYSE: MC) for the second quarter of 2026 down from $0.55 to $0.54. The consensus estimate for the full-year earnings is $2.97 per share. Different firms have varied ratings and target prices for the stock, with Goldman Sachs raising its target price to $63.00 and Morgan Stanley upgrading its rating to ‘Overweight’ with a target price of $68.00. Moelis & Company opened at $68.10 with a market capitalization of $5.35 billion and a P/E ratio of 31.24.Market Beat

Impact Analysis

The event is at the company level, focusing on Moelis & Company’s EPS forecast change and subsequent market reactions. The revision by Zacks Research slightly reduces EPS expectations, potentially affecting investor sentiment and stock valuation. Despite this, other firms show positive outlooks, like Goldman Sachs and Morgan Stanley, which have increased their target prices, indicating overall optimism about the company’s prospects. The company opened with a high market price and P/E ratio, suggesting market confidence. Investors should consider the mixed signals: caution due to reduced EPS forecast but optimism from other analysts reflecting growth potential.Market Beat

Event Track