earnings
confidence high
sentiment negative
materiality 0.70
Marcus & Millichap Q3 revenue $323.8M (-2.6%), EPS $0.53 vs $0.84; YTD revenue up 29.7% to $1.0B
Marcus & Millichap, Inc.
2022-Q3 EPS reported
$2.39
revenue$1,039,261,000
- Net income $21.4M ($0.53 diluted EPS) vs $33.9M ($0.84) year ago; includes $0.03 FX loss.
- Brokerage commissions $292.9M (-2.3%); Middle Market/Larger Transaction segment up 9.9%, Private Client down 9.6%.
- Financing fees $28.1M (-4.4%) as transaction count fell 13.7%.
- Adjusted EBITDA $36.6M vs $51.0M in Q3 2021; YTD adjusted EBITDA $151.4M, up 21.3%.
- Investment sales professionals 1,880, net loss of 102 vs prior year; repurchased 226,795 shares for $7.6M in Q3.