Marcus & Millichap (MMI) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure
Key numbers
- Reported EPS
- $0.10
- Estimate
- $0.03
- Surprise
- +233.3%
- Revenue (period 2026-06-30)
- $202.9M
- Score at report (before → after)
- 5.3 → 6.5/10
Revenue source: mixed.
How the report landed
Marcus & Millichap (MMI) beat the $0.03 estimate with diluted EPS of $0.10 — a large 233.3% upside surprise. TrendMatrix's engine moved from Sell (5.3/10) to Buy (Wait) at 6.5/10 after the report.
Where TrendMatrix's rating stands now
TrendMatrix currently rates MMI Sell at 6.3/10.
2 of the last 4 quarters beat the estimate; this quarter's +233.3% surprise compares with a +130.5% four-quarter average. Next scheduled report: 2026-11-06.
What supports the rating
- Attractive valuation
- Strong growth profile
What argues against it
- Analyst target reached - limited upside remaining
- Near 52-week high (4.9% away)
- V7 low-quality RISK_OFF penalty: -0.5 (Q=4.8)
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $31.89
- Price target
- $32.88
- Stop
- $30.19
- Upside to target
- +3.1%
The stock trades at 86.2× trailing but 34.3× forward earnings — consensus estimates already build in a substantial earnings recovery.
Model outputs from TrendMatrix’s engine as of 2026-09-07 — shown for context, not personalized investment advice.
MMI at TrendMatrix's latest read
REIT quarters hinge on occupancy, rate exposure, and FFO rather than headline EPS, which mechanically distorts under depreciation.
- Industry
- Real Estate Services
- Market cap
- $1.21B
- P/E (fwd)
- 34.3
- P/E (ttm)
- 86.2
- 52-week range
- $24.43–$33.55
- Off 52-week high
- 4.9%
- RSI (14)
- 57
- Volume vs avg
- 0.61×
- Score today
- 6.3/10