Marcus & Millichap reports Q2 EPS (28c), consensus (9c)
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 07 2025
0mins
Q2 Revenue Performance: Marcus & Millichap reported Q2 revenue of $172.3 million, exceeding the consensus estimate of $163.55 million, indicating resilience amid market volatility.
Market Trends and Opportunities: The company noted increased activity in its Private Client segment and strong financing performance, despite a decline in larger transactions due to tough year-over-year comparisons.
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Analyst Views on MMI
Wall Street analysts forecast MMI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MMI is 29.00 USD with a low forecast of 29.00 USD and a high forecast of 29.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
0 Buy
0 Hold
1 Sell
Moderate Sell
Current: 26.980
Low
29.00
Averages
29.00
High
29.00
Current: 26.980
Low
29.00
Averages
29.00
High
29.00
About MMI
Marcus & Millichap, Inc. is a real estate services company specializing in commercial real estate investment sales, financing services, research, and advisory services. It also offers market research, consulting and advisory, and leasing services to its clients. Through its Commercial Real Estate Services, it provides equity advisory services and loan sales, loan guarantees, consulting, and advisory services. It serves clients with one property, multiple properties, and large investment portfolios. Through its Real Estate Brokerage, it represents commercial property owners as their investment broker in the sale of their properties. Its auction services division offers an accelerated way to buy and sell commercial property. Its financing division provides other services, such as loan sales and due diligence, and receives recurring loan performance fees from certain lenders. It provides advisory and consulting services in forming investment strategy and making transaction decisions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Analysis of Marcus & Millichap's Stock Price Movements
- Stock Performance: Marcus & Millichap (MMI) has seen its stock price rise approximately 0.8% recently, yet it has experienced a total return decline of about 27.7% over the past year, indicating a weakening long-term growth outlook as investors reassess risks in commercial real estate activities.
- Short-Term Bounce: With a share price of $27.20, the recent 1-day and 7-day returns suggest a short-term bounce; however, the losses over 1 and 3 years indicate that the market may have already priced in future growth expectations.
- Valuation Analysis: The current stock price is about 9.3% undervalued compared to a fair value of $30.00, and while renewed institutional investor activity and an improving lending environment could boost future revenue, the cash flow model indicates significant downside risk.
- Market Sentiment: Despite the prevailing optimism, if transaction-driven commissions remain under pressure or talent retention issues continue to affect agent productivity, confidence in Marcus & Millichap could quickly diminish.
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IPA Sells 304-Unit Tucson Apartment for $175,657 Per Unit
- Significant Rent Advantage: The Retreat at Speedway boasts a compelling 27% rent delta compared to similar properties, providing investors with a highly attractive value-add opportunity that supports future revenue growth.
- Scarce Asset Characteristics: This property belongs to a rare cohort of multifamily assets built between 2000 and 2009, representing approximately 5% of the Tucson MSA's multifamily inventory, giving it a unique competitive edge in the market.
- Successful Financing: IPA Capital Markets arranged $47.53 million in acquisition financing for the transaction, benefiting from a highly competitive debt fund market that secured very attractive terms, thereby accelerating the closing process.
- Community Facility Upgrades: The property has undergone several community upgrades, including roof resurfacing and landscaping enhancements, which improve the living environment's appeal and further strengthen its market competitiveness.
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