Marcus & Millichap (MMI) Reports Earnings Friday: Key Estimates and Outlook

Marcus & Millichap (NYSE:MMI) will report earnings this Friday, February 15, 2026. Last quarter, the real estate brokerage posted revenue of $193.9 million, up 15.1% year-on-year; EPS matched estimates and beat EBITDA guidance. This quarter, revenue is expected to decline 4.4% YoY to $229.5 million, down from a 44.4% increase in the same quarter last year. Adjusted EPS is forecast at $0.22 per share. Over the past 30 days, analyst estimates for revenue and EPS have trended in line with current views; the company has missed revenue estimates twice in the past two years. Sector peers like Zillow and Forestar Group posted strong growth, with Zillow up 18.1% YoY and Forestar Group up 9%, while the consumer discretionary sector underperformed (-2.8% in the last month) versus MMI’s +1.4%. The stock is trading at $26.13 with an average analyst price target of $28.