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.

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