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Marcus & Millichap (NYSE:MMI) Stock

Marcus & Millichap

Marcus & Millichap Inc is a leading national brokerage firm specializing in commercial real estate investment sales, financing, research, and advisory services. The company offers three primary services to its clients: commercial real estate investment brokerage, financing, and ancillary services, including other research, advisory, and consulting services. The company generates revenues by collecting fees on the sale and financing of commercial properties. These fees consist of commissions collected upon the sale of a property and fees collected from the placement of loans.

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Real estate brokerage firm Marcus &amp; Millichap Inc (NYSE: MMI) has signed a strategic partnership, including an equity investment and commercial relationship with Archer, a venture-backed real estate technology company. The financial details were not disclosed.

Marcus &amp; Millichap Invests In Real Estate Technology Company Archer - What&#39;s On The Cards?

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Notwithstanding the ongoing price discovery and wider than normal bid/ask spreads, the commercial real estate transaction market is poised over the long term to overcome the near-term challenges which are currently expected to extend for the first half of 2025.
CEO said "Looking forward, while we believe that price adjustments and higher motivations to transact will continue to result in increased transaction activity year over year, we continue to face the headwind of higher and still-volatile interest rates."

Guidance

Marcus & Millichap Says It Remains Well-positioned To Achieve Long-term Growth; Says Price Adjustments And Higher Motivations To Transact Will Continue To Result In Increased Transaction Activity

Marcus &amp; Millichap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMI#NYSE">MMI</a>) reported quarterly earnings of $0.22 per share. This is a 181.48 percent increase over losses of $(0.27) per share from the same period last year. The company reported $240.08 million in sales this quarter. This is a 44.41 percent increase over sales of $166.24 million the same period last year.

Earnings

Marcus & Millichap Q4 2024 GAAP EPS $0.22 Up From $(0.27) YoY, Sales $240.08M Up From $166.24M YoY

<h3>Companies Reporting Before The Bell</h3>
• American Axle &amp; Mfg Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXL#NYSE">AXL</a>) is likely to report quarterly loss at $0.16 per share on revenue of $1.39 billion. 
• Newmark Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMRK#NASDAQ">NMRK</a>) is likely to report quarterly earnings at $0.48 per share on revenue of $790.76 million. 
• Enbridge (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENB#NYSE">ENB</a>) is likely to report quarterly earnings at $0.52 per share on revenue of $4.78 billion. 
• Treehouse Foods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THS#NYSE">THS</a>) is projected to report quarterly earnings at $0.97 per share on revenue of $907.90 million. 
• Moderna (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>) is expected to report quarterly loss at $2.72 per share on revenue of $951.09 million. 
• TC Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRP#NYSE">TRP</a>) is expected to report quarterly earnings at $0.68 per share on revenue of $2.43 billion. 
• Essent Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESNT#NYSE">ESNT</a>) is estimated to report quarterly earnings at $1.65 per share on revenue of $313.88 million. 
• Fortis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTS#NYSE">FTS</a>) is likely to report quarterly earnings at $0.57 per share on revenue of $2.08 billion. 
• MISTRAS Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MG#NYSE">MG</a>) is estimated to report quarterly earnings at $1.52 per share on revenue of $10.32 billion. 
• Magna International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGA#NYSE">MGA</a>) is likely to report quarterly earnings at $1.52 per share on revenue of $10.32 billion. 
• Marcus &amp; Millichap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMI#NYSE">MMI</a>) is estimated to report quarterly loss at $0.02 per share on revenue of $199.80 million. 
• AMC Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMCX#NASDAQ">AMCX</a>) is estimated to report quarterly earnings at $1.05 per share on revenue of $611.26 million. 
• Zoomcar Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZCAR#NASDAQ">ZCAR</a>) is likely to report earnings for its third quarter. 
• BGC Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BGC#NASDAQ">BGC</a>) is likely to report quarterly earnings at $0.25 per share on revenue of $570.00 million. 
• Portland Gen Electric (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POR#NYSE">POR</a>) is expected to report quarterly earnings at $0.35 per share on revenue of $663.32 million. 
• Sensient Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SXT#NYSE">SXT</a>) is expected to report quarterly earnings at $0.64 per share on revenue of $375.10 million. 
<h3>Companies Reporting After The Bell</h3>
• Clipper Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLPR#NYSE">CLPR</a>) is likely to report quarterly earnings at $0.14 per share on revenue of $38.70 million. 
• SolarBank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SUUN#NASDAQ">SUUN</a>) is expected to report quarterly loss at $0.01 per share on revenue of $16.44 million. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Earnings Scheduled For February 14, 2025

Reported Earlier, Marcus & Millichap Arranges $89.6M Financing For Two New Apartment Projects Near Minneapolis

Reported Earlier, Marcus & Millichap Facilitates $79M Construction Loan For Landmark El Tropicano Hotel Redevelopment In San Antonio

Reported Earlier, Marcus & Millichap Secures $174M In Financing For 348-Unit New Jersey Multifamily Asset

Reported Earlier, Marcus & Millichap's IPA Brokers Record-Breaking $116M Sale Of La Vista Apartments In Santa Maria

Reported Earlier, Marcus & Millichap's IPA Closes $203M Sale And Secures $127.8M Financing For Santa Clara Multifamily Property

Earnings Beats

Marcus & Millichap Earlier Reported Q3 EPS $(0.14) Beats $(0.19) Estimate, Sales $168.51M Beat $160.90M Estimate

Marcus &amp; Millichap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMI#NYSE">MMI</a>) is preparing to release its quarterly earnings on Friday, 2024-11-08. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect Marcus &amp; Millichap to report an earnings per share (EPS) of $-0.19.
Marcus &amp; Millichap bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Earnings History Snapshot</h3>
Last quarter the company beat EPS by $0.01, which was followed by a 1.56% increase in the share price the next day.
Here's a look at Marcus &amp; Millichap's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>-0.15</td>
<td>-0.28</td>
<td>-0.28</td>
<td>-0.26</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>-0.14</td>
<td>-0.26</td>
<td>-0.27</td>
<td>-0.24</td>
</tr>
<tr>
<td>Price Change %</td>
<td>2.0%</td>
<td>2.0%</td>
<td>-1.0%</td>
<td>7.000000000000001%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730995848_0.png" alt="eps graph" />
<h3>Marcus &amp; Millichap Share Price Analysis</h3>
Shares of Marcus &amp; Millichap were trading at $40.27 as of November 06. Over the last 52-week period, shares are up 36.17%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<h3>Analyst Insights on Marcus &amp; Millichap</h3>
For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Marcus &amp; Millichap.
The consensus rating for Marcus &amp; Millichap is Underperform, derived from 1 analyst ratings. An average one-year price target of $30.0 implies a potential 25.5% downside.
<h3>Peer Ratings Comparison</h3>
In this analysis, we delve into the analyst ratings and average 1-year price targets of RE/MAX Hldgs, Offerpad Solutions and Fathom Holdings, three key industry players, offering insights into their relative performance expectations and market positioning.
<ul>
<li>Analysts currently favor an Neutral trajectory for RE/MAX Hldgs, with an average 1-year price target of $10.5, suggesting a potential 73.93% downside.</li>
<li>For Offerpad Solutions, analysts project an Neutral trajectory, with an average 1-year price target of $3.08, indicating a potential 92.35% downside.</li>
<li>As per analysts' assessments, Fathom Holdings is favoring an Outperform trajectory, with an average 1-year price target of $2.5, suggesting a potential 93.79% downside.</li>
</ul>
<h3>Comprehensive Peer Analysis Summary</h3>
The peer analysis summary outlines pivotal metrics for RE/MAX Hldgs, Offerpad Solutions and Fathom Holdings, demonstrating their respective standings within the industry and offering valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Marcus &amp; Millichap</td>
<td>Underperform</td>
<td>-2.76%</td>
<td>$60.29M</td>
<td>-0.88%</td>
</tr>
<tr>
<td>RE/MAX Hldgs</td>
<td>Neutral</td>
<td>-3.38%</td>
<td>$58.38M</td>
<td>0.23%</td>
</tr>
<tr>
<td>Offerpad Solutions</td>
<td>Neutral</td>
<td>-11.17%</td>
<td>$17.14M</td>
<td>-19.03%</td>
</tr>
<tr>
<td>Fathom Holdings</td>
<td>Outperform</td>
<td>-10.87%</td>
<td>$11.16M</td>
<td>-2.46%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Marcus &amp; Millichap ranks at the top for Revenue Growth and Gross Profit among its peers. However, it ranks at the bottom for Return on Equity.
<h3>Discovering Marcus &amp; Millichap: A Closer Look</h3>
Marcus &amp; Millichap Inc is a leading national brokerage firm specializing in commercial real estate investment sales, financing, research, and advisory services. The company offers three primary services to its clients: commercial real estate investment brokerage, financing, and ancillary services, including other research, advisory, and consulting services. The company generates revenues by collecting fees on the sale and financing of commercial properties. These fees consist of commissions collected upon the sale of a property and fees collected from the placement of loans.
<h3>Financial Insights: Marcus &amp; Millichap</h3>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Challenges: Marcus &amp; Millichap's revenue growth over 3 months faced difficulties. As of 30 June, 2024, the company experienced a decline of approximately -2.76%. This indicates a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Real Estate sector.
Net Margin: Marcus &amp; Millichap's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of -3.5%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Marcus &amp; Millichap's ROE stands out, surpassing industry averages. With an impressive ROE of -0.88%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Marcus &amp; Millichap's ROA excels beyond industry benchmarks, reaching -0.67%. This signifies efficient management of assets and strong financial health.
Debt Management: Marcus &amp; Millichap's debt-to-equity ratio is below the industry average. With a ratio of 0.14, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<a href="https://www.benzinga.com/quote/MMI/earnings">To track all earnings releases for Marcus &amp; Millichap visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Marcus & Millichap's Earnings: A Preview

&quot;During this period of market uncertainty, we successfully connected multiple buyers with their respective lenders to fulfill the portfolio closing requirements for the seller, with minimal contingencies and securing non-refundable earnest money,&quot; said Ebrahim Valliani, first vice president investments in Marcus &amp; Millichap&#39;s Chicago Oak Brook office. &quot;We delivered the confidence that the sellers needed for a successful and reliable transaction.&quot; Valliani represented the seller, Skyline Investments Inc., and procured the buyers, with support from Chris Gomes, Allan Miller and Michael Klar of the Miller-Gomes Hotel Team of Marcus &amp; Millichap.

Reported Earlier, Marcus & Millichap Closes $101M Sale Of 11-Property Courtyard Hotel Portfolio Across Seven U.S. States

Reported Earlier, Marcus & Millichap Closes $187.5M Deal For 497-Unit Multifamily Phoenix Property

Wells Fargo analyst Blaine Heck maintains Marcus &amp; Millichap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMI#NYSE">MMI</a>) with a Underweight and raises the price target from $20 to $30.

Price Target

Analyst Ratings

Wells Fargo Maintains Underweight on Marcus & Millichap, Raises Price Target to $30

Marcus &amp; Millichap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMI#NYSE">MMI</a>) reported quarterly losses of $(0.14) per share which beat the analyst consensus estimate of $(0.15) by 6.67 percent. This is a 39.13 percent increase over losses of $(0.23) per share from the same period last year. The company reported quarterly sales of $158.37 million which missed the analyst consensus estimate of $160.70 million by 1.45 percent. This is a 2.76 percent decrease over sales of $162.87 million the same period last year.

Earnings Misses

Marcus & Millichap Q2 GAAP EPS $(0.14) Beats $(0.15) Estimate, Sales $158.37M Miss $160.70M Estimate

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.institutionalpropertyadvisors.com%2F&amp;esheet=54038247&amp;newsitemid=20240606951680&amp;lan=en-US&amp;anchor=IPA+Capital+Markets&amp;index=1&amp;md5=2b133f780cc6d88da52ea366abc39c1f">IPA Capital Markets</a>, a division of&nbsp;<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.marcusmillichap.com%2F&amp;esheet=54038247&amp;newsitemid=20240606951680&amp;lan=en-US&amp;anchor=Marcus+%26amp%3B+Millichap+%28NYSE%3AMMI%29&amp;index=2&amp;md5=b2e5c71653f52015d1fe3dd5fc153f21">Marcus &amp; Millichap (NYSE:</a><a href="https://www.benzinga.com/stock/MMI#NYSE">MMI</a>), specializing in capital markets services for major private and institutional clients, announced the&nbsp;$72.24 million&nbsp;refinance of La Vista City Centre, a growing master-planned multifamily, office and retail development in La Vista, Nebraska.
Frank Montalto, IPA Capital Markets managing director based in the firm&#39;s Chicago office, secured the financing on behalf of City+Ventures, a Nebraska-based investment and development company that partnered with the City of La Vista beginning in 2015 for the development of the community.

Reported Earlier, Marcus & Millichap's IPA Division Secures $72M For Refinancing Omaha's La Vista City Centre

Marcus &amp; Millichap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMI#NYSE">MMI</a>) reported quarterly losses of $(0.26) per share which beat the analyst consensus estimate of $(0.28) by 7.14 percent. This is a 73.33 percent decrease over losses of $(0.15) per share from the same period last year. The company reported quarterly sales of $129.10 million which beat the analyst consensus estimate of $127.50 million by 1.26 percent. This is a 16.60 percent decrease over sales of $154.79 million the same period last year.

Marcus & Millichap Q1 GAAP EPS $(0.26) Beats $(0.28) Estimate, Sales $129.10M Beat $127.50M Estimate

Institutional Property Advisors (IPA), a division of Marcus &amp; Millichap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMI#NYSE">MMI</a>), announced today the sale and financing of Alta Chandler at The Park, a 291-unit mid-rise multifamily asset in Chandler, Arizona. The property traded for&nbsp;$94.5 million, which represents&nbsp;$324,742&nbsp;per unit. IPA Capital Markets arranged&nbsp;$52 million&nbsp;in acquisition financing.

Reported Earlier, Marcus & Millichap's Institutional Property Advisors Brokers Sale And Arranges Financing For $94.5M Southeast Phoenix Multifamily Asset

The company said, notwithstanding the ongoing price discovery and wider than normal bid/ask spreads, the commercial real estate transaction market is poised over the long-term to overcome the near term challenges which are currently expected to extend for the first half of 2024.

Marcus & Millichap Says It Remains Well-positioned To Achieve Long-term Growth

Marcus &amp; Millichap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMI#NYSE">MMI</a>) reported quarterly losses of $(0.27) per share which beat the analyst consensus estimate of $(0.28) by 3.57 percent. This is a 235 percent decrease over earnings of $0.20 per share from the same period last year. The company reported quarterly sales of $166.24 million which missed the analyst consensus estimate of $171.20 million by 2.90 percent. This is a 36.66 percent decrease over sales of $262.45 million the same period last year.

Marcus & Millichap Q4 EPS $(0.27) Beats $(0.28) Estimate, Sales $166.24M Miss $171.20M Estimate

Marcus &amp; Millichap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMI#NYSE">MMI</a>) is set to give its latest quarterly earnings report on Friday, 2024-02-16. Here's what investors need to know before the announcement.
Analysts estimate that Marcus &amp; Millichap will report an earnings per share (EPS) of $-0.28. 
Marcus &amp; Millichap bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company beat EPS by $0.02, which was followed by a 0.0% drop in the share price the next day.
Here's a look at Marcus &amp; Millichap's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>-0.26</td>
<td>-0.23</td>
<td>-0.17</td>
<td>0.19</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>-0.24</td>
<td>-0.23</td>
<td>-0.15</td>
<td>0.20</td>
</tr>
<tr>
<td>Price Change %</td>
<td>7.01%</td>
<td>-1.53%</td>
<td>1.69%</td>
<td>1.59%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1708009233_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Marcus &amp; Millichap were trading at $38.61 as of February 14. Over the last 52-week period, shares are up 12.51%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/MMI/earnings">To track all earnings releases for Marcus &amp; Millichap visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Marcus & Millichap Earnings Preview

Press Releases

$174 Million Acquisition Financing and Joint Venture Equity for New Jersey Multifamily Asset Arranged by Marcus & Millichap's IPA Capital Markets

Marcus & Millichap Brings New Chief Information Officer on Board

Marcus & Millichap's IPA Capital Markets Secures $79 Million Construction Loan for Transformation of Iconic San Antonio Landmark

Marcus & Millichap Capital Corporation Arranges $89.6 Million Construction Financing for Two Minnesota Multifamily Projects

Marcus & Millichap, Inc. to Report Fourth Quarter 2024 Financial Results on Friday, February 14, 2025

Marcus & Millichap's IPA Capital Markets Facilitates $165.9 Million Multifamily Financing in Northern Virginia

$107 Million Construction Financing Arranged by Marcus & Millichap Capital Corporation for Los Angeles Area Mixed-Use Property

Marcus & Millichap Declares Regular Semi-Annual Dividend of $0.25 Per Share

Institutional Property Advisors Advises Rockpoint and The Related Group in $131 Million Multifamily Asset Sale in North Phoenix

Marcus & Millichap, Inc. Reports Results for Fourth Quarter and Full Year 2024

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