Moody's Corp reports results for the quarter ended in September 30 - Earnings Summary

Moodys

22/10/2024 14:42

* Moody's Corp  MCO.N  reported quarterly adjusted earnings
of
$3.21​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of $2.43.  The mean expectation of nineteen analysts for the
quarter was for earnings of $2.86 per share. Wall Street
expected results to range from $2.40  to $3.18 per share.
    * Revenue rose 23.2% to $1.81 billion from a year ago;
analysts
expected $1.70 billion. 
    * Moody's Corp's reported EPS for the quarter was $2.93​.
    * The company reported quarterly net income of $534 million.
    * Moody's Corp shares had risen by 2.6% this quarter and
gained 24.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 15.6%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 12 "strong buy" or "buy," 9
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the professional
information services peer group is also "buy"

Wall Street's median 12-month price target for Moody's Corp is
497.50 
This summary was machine generated from LSEG data October 22 at
01:42 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      2.86           3.21           Beat
 Jun. 30 2024      3.02           3.28           Beat
 Mar. 31 2024      3.04           3.37           Beat
 Dec. 31 2023      2.32           2.19           Missed