Marcus & Millichap (MMI) Tops Q3 EPS by 5c, Beats on Revenues
Marcus & Millichap (NYSE: MMI) reported Q3 EPS of $0.39, $0.05 better than the analyst estimate of $0.34. Revenue for the quarter came in at $183 million versus the consensus estimate of $179.85 million.
Third Quarter 2017 Highlights Compared to Third Quarter 2016
- Total revenues increased by 1.5% to $183.3 million
- Financing revenue was flat at $11.4 million
- Private Client Market segment brokerage transactions increased 7.0% resulting in further market share expansion
- Brokerage revenue in the Larger Transaction Market segment increased by 13.0% with a difficult comparison to the 25.2% gain in this segment during the third quarter of last year
For earnings history and earnings-related data on Marcus & Millichap (MMI) click here.