Marcus & Millichap Q2 Revenue Rises 17.8% to $202.9 Million, Beating Estimates

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Summary · why it matters

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.

Impact on assets 6

Real Estate± Mixed · 5 stocks
Marcus & Millichap Inc
MMI
▲ PositiveCapitalrelevance

Marcus & 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 plc
CWK
▲ PositiveCapitalrelevance

Cushman & Wakefield reported revenues of $2.76 billion, up 11.2% year on year, a positive earnings result.

Howard Hughes Holdings Inc.
HHH
▲ PositiveCapitalrelevance

Howard Hughes posted the group's biggest analyst estimate beat and fastest revenue growth, with revenues up 330% year on year.

Newmark Group Inc
NMRK
▲ PositiveCapitalrelevance

Newmark reported revenues of $888.4 million, up 17% year on year, a positive earnings result.