Marcus & Millichap IncMarcus & Millichap's Q2 revenue rose 17.8% to $202.9 million, beating estimates by 4.4%, and it also beat EPS and EBITDA estimates.
Marcus & Millichap reported second-quarter revenues of $202.9 million, up 17.8% year on year and exceeding analysts' expectations by 4.4%, in what was a stunning quarter for the commercial real estate investment sales and advisory firm. The company also beat analysts' EPS and EBITDA estimates, though its stock is down 8.9% since reporting and currently trades at $28.45. The results came as the 13 consumer discretionary real estate services stocks tracked reported a mixed quarter, with revenues as a group beating consensus estimates by 11.5% while next quarter's revenue guidance came in 4.4% below. Among peers, Howard Hughes Holdings posted the group's biggest analyst estimate beat and fastest revenue growth, with revenues of $1.12 billion, up 330% year on year, while Offerpad delivered the weakest performance, with revenues of $77.65 million, down 51.6% year on year. Cushman & Wakefield reported revenues of $2.76 billion, up 11.2% year on year, and Newmark reported revenues of $888.4 million, up 17% year on year.
Marcus & Millichap IncMarcus & Millichap's Q2 revenue rose 17.8% to $202.9 million, beating estimates by 4.4%, and it also beat EPS and EBITDA estimates.
Cushman & Wakefield plcCushman & Wakefield reported revenues of $2.76 billion, up 11.2% year on year, a positive earnings result.
Howard Hughes Holdings Inc.Howard Hughes posted the group's biggest analyst estimate beat and fastest revenue growth, with revenues up 330% year on year.
Newmark Group IncNewmark reported revenues of $888.4 million, up 17% year on year, a positive earnings result.
Offerpad Solutions Inc. Class A Common StockOfferpad delivered the group's weakest performance, with revenues of $77.65 million, down 51.6% year on year.