Real estate brokerage and services firm Marcus & Millichap (NYSE: MMI) will be reporting results this Friday before the bell. Here’s what you need to know.
Marcus & Millichap beat analysts’ revenue expectations by 5.3% last quarter, reporting revenues of $172.3 million, up 8.8% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ EBITDA estimates and a solid beat of analysts’ revenue estimates.
Is Marcus & Millichap a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Marcus & Millichap’s revenue to grow 15% year on year to $193.8 million, improving from the 4% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.01 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Marcus & Millichap has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time since going public by 4.4% on average.
Looking at Marcus & Millichap’s peers in the real estate services segment, some have already reported their Q3 results, giving us a hint as to what we can expect. The Real Brokerage delivered year-on-year revenue growth of 52.6%, beating analysts’ expectations by 6.5%, and Compass reported revenues up 23.6%, topping estimates by 3.2%. The Real Brokerage traded up 3.9% following the results while Compass was also up 13%.
Read our full analysis of The Real Brokerage’s results here and Compass’s results here.
The euphoria surrounding Trump’s November win lit a fire under major indices, but potential tariffs have caused the market to do a 180 in 2025. While some of the real estate services stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 3.5% on average over the last month. Marcus & Millichap is up 10.2% during the same time and is heading into earnings with an average analyst price target of $29 (compared to the current share price of $30.92).
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