Marcus & Millichap reports Q2 EPS (28c), consensus (9c)

Reports Q2 revenue $172.3M, consensus $163.55M. “Our second-quarter results reflect the resilience and adaptability of our platform during a period of continued global market volatility and tariff-related uncertainty,” said Hessam Nadji, president and CEO of Marcus & Millichap. “We experienced a notable increase in activity within our Private Client segment along with a very strong performance in our financing business, all supported by gradually improving capital availability and gradual narrowing of bid/ask spreads. Decline in larger transactions comes after a rapid recovery in the segment averaging 38% year-over-year revenue growth in the past four quarters creating a tough comparison. We continue to see growth opportunity in our core private client and larger transaction segments.”