Moody's (MCO) reported first-quarter 2024 adjusted earnings of $3.37 per share, which outpaced the Zacks Consensus Estimate of $3.06. The bottom line also grew 13% from the year-ago quarter figure.Improvement in global bond issuance volumes and steady demand for analytics supported Moody’s results. The company’s liquidity position was robust during the quarter. However, an increase in operating expenses posed a headwind.After taking into consideration certain non-recurring items, net income attributable to ...

Moody's (MCO) came out with quarterly earnings of $3.37 per share, beating the Zacks Consensus Estimate of $3.06 per share. This compares to earnings of $2.99 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 10.13%. A quarter ago, it was expected that this credit ratings agency would post earnings of $2.34 per share when it actually produced earnings of $2.19, delivering a surprise of -6.41%.Over the last four quarters, the com ...

MOODY'S CORPORATION REPORTS RESULTS FOR FIRST QUARTER 2024 NEW YORK, NY - May 2, 2024 - Moody's Corporation (NYSE: MCO) today announced results for the first quarter of 2024, and updated select metrics within its outlook for full year 2024. FIRST QUARTER SUMMARY FINANCIALS Moody’s Corporation Moody’s Analytics Moody’s Investors Service (MCO) Revenue (MA) Revenue (MIS) Revenue 1Q 2024 1Q 2024 1Q 2024 $1.8 billion ⇑ 21% $799 million ⇑ 8% $987 million ⇑ 35% MCO Diluted EPS MCO Adjusted Diluted EPS1 MCO FY 2024 ...

Core Insights - Moody's is expected to report quarterly earnings of $3.06 per share, reflecting a 2.3% increase year-over-year, with revenues projected at $1.73 billion, a 17.9% increase compared to the previous year [1] - The consensus EPS estimate has been adjusted downward by 0.3% over the past 30 days, indicating a reassessment by analysts [1] Revenue Estimates - Analysts project 'Revenue- Total external customers- Moody's Analytics' to reach $806.74 million, a 9.5% increase from the prior-year quarter [2] - 'Revenue- Total external customers- Moody's investor services' is expected to be $874.35 million, indicating a year-over-year change of 19.3% [2] - 'Revenue- Moody's investor services- Relationship' is estimated at $312.42 million, suggesting a 3.5% year-over-year increase [2] Additional Revenue Projections - 'Revenue- Moody's investor services- Transaction' is likely to reach $605.12 million, reflecting a significant 40.4% increase from the year-ago quarter [3] - The overall 'Revenue- Moody's investor services' is expected to be $913.86 million, indicating a 17.5% year-over-year change [3] - 'Revenue- Moody's Analytics' is projected at $809.92 million, a 9.5% increase from the prior-year quarter [3] - 'Revenue- Moody's investor services- Public, project and infrastructure finance' is estimated at $138.92 million, a 7.7% increase year-over-year [3] - 'Revenue- Moody's investor services- Financial institutions' is forecasted to reach $151.75 million, indicating a 6.9% increase from the previous year [3] Further Revenue Insights - 'Revenue- Moody's investor services- Structured finance' is expected to be $121.94 million, reflecting a 23.2% year-over-year change [4] - 'Revenue- Moody's investor services- Corporate finance' is projected at $454.13 million, indicating a 27.6% increase from the prior-year quarter [4] - The estimate for 'Revenue- Moody's investor services- MIS Other' stands at $7.28 million, suggesting a 4% year-over-year change [4] - 'Adjusted Operating income / (loss)- Moody's Analytics' is estimated at $240.10 million, compared to $214 million from the previous year [4] Stock Performance - Over the past month, shares of Moody's have returned -4.3%, compared to the Zacks S&P 500 composite's -2% [5] - Moody's currently holds a Zacks Rank 3 (Hold), indicating that its performance may align with the overall market in the near future [5]

Core Viewpoint - Moody's is expected to report strong revenue growth in Q1 2024, driven by robust issuance activity across various sectors, despite rising yields and uncertain interest rate cuts by the Federal Reserve [1][2]. Group 1: Revenue Performance - The Corporate Finance line is projected to generate revenues of $454.1 million, reflecting a 27.6% increase year-over-year [2]. - The Financial Institutions business line is estimated to achieve revenues of $151.7 million, indicating a 6.9% growth [2]. - The Public, Project and Infrastructure Finance business is expected to see revenues of $138.9 million, suggesting a 7.7% increase [2]. - Structured Finance revenues are anticipated to reach $121.9 million, representing a 23.2% growth [2]. - Overall revenues for the Moody's Investors Service division are estimated at $913.9 million, implying a 17.5% rise [2]. Group 2: Moody's Analytics Division - The Moody's Analytics division is expected to report revenues of $809.9 million, indicating a 9.4% increase from the prior year, supported by rising demand for analytics and inorganic growth strategies [3]. Group 3: Expenses and Earnings Expectations - Expenses are likely to increase due to strategic acquisition charges, restructuring costs, and inflationary pressures [3]. - The consensus estimate for Moody's Q1 earnings is $3.06, revised up by 8.9% over the past 30 days, reflecting a 2.3% rise from the previous year [4]. - Sales are projected to reach $1.73 billion, suggesting a 17.9% year-over-year growth [4].

Moody's (MCO) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, the stock may move l ...

【纽约社区银行获穆迪上调信用评级 此前姆努钦牵头财团注资】财联社3月16日电，穆迪投资者服务公司上调纽约社区银行的信用评级，此前这家陷入困境的银行获得了姆努钦牵头财团的注资。不过，该行评级仍属垃圾级。穆迪将该行的长期发行人评级从B3上调至B2，仍比投资级低五级。这家信用评级公司在其上调理由中还提到，该行年报包含无保留审计意见，这意味着审计师认为该公司的财务报表实现公允反映。穆迪2月份曾下调该行评级至垃圾级，本月早些时候又进一步下调。 ...

Core Viewpoint - Moody's reported mixed financial results for Q4 2023, with adjusted earnings per share of $2.19, missing estimates, but showing a 37% year-over-year increase. The company experienced growth in revenues and maintained a strong liquidity position, although it missed revenue estimates slightly [2][3]. Financial Performance - Adjusted earnings for Q4 2023 were $2.19 per share, below the Zacks Consensus Estimate of $2.34, but up 37% from the previous year [2] - Total revenues for Q4 2023 were $1.48 billion, missing the consensus estimate of $1.49 billion, but reflecting a 15% year-over-year growth [3] - For the full year 2023, adjusted earnings were $9.90 per share, missing estimates but growing 16% year-over-year, while total revenues increased by 8% to $5.92 billion [2][3] Segment Performance - Moody's Investors Service revenues grew 19% year-over-year to $684 million, driven by strong Corporate Finance and improvements in Structured Finance [4] - Moody's Analytics revenues increased 11% to $796 million, supported by double-digit growth across all business lines [4] Balance Sheet and Cash Flow - As of December 31, 2023, Moody's had total cash and short-term investments of $2.19 billion, up from $1.86 billion a year earlier [5] - The company had $7 billion in outstanding debt and $1.25 billion in additional borrowing capacity [5] Share Repurchase and Guidance - Moody's repurchased 0.6 million shares at an average price of $346.8 during the quarter [6] - For 2024, the company expects adjusted earnings in the range of $10.25-$11.00 per share and projects revenue growth in the high-single-digit to low-double-digit percent range [7] Cost Management and Restructuring - The 2022-2023 Geolocation Restructuring Program is expected to yield annualized savings of $145-$165 million, with cash outlays of $36 million anticipated through 2024 [9] Medium-Term Targets - Moody's aims for total revenue growth of at least 10% and adjusted operating margins in the low-50s range, with specific segment targets for revenue growth and operating margins outlined [10] Industry Context - Moody's operates within the Zacks Financial - Miscellaneous Services industry, where competitors like Lazard have shown positive performance, indicating a mixed outlook for the sector [13]

Group 1 - Moody's Corporation will have Stephen Tulenko, President of Moody's Analytics, present at a virtual session hosted by Bank of America on March 7, 2024 [1] - The event will start at 8:00 a.m. Eastern Time and will be available via live audio webcast [1] - The presentation will be conducted in accordance with Regulation FD, and senior management may utilize this content in future meetings with analysts and investors [1] Group 2 - Moody's Corporation is a global risk assessment firm that aids organizations in making informed decisions [2] - The company employs approximately 15,000 individuals across more than 40 countries, combining international presence with local expertise [2] - Moody's has over a century of experience in financial markets, focusing on transparency and informed decision-making [2]

Core Viewpoint - Moody's Corporation has released an updated management presentation for investors, detailing its financial results for Q4 and the full year of 2023, along with guidance for 2024 [1]. Group 1: Financial Results - The updated presentation includes information regarding the company's results for the three months and full-year ended December 31, 2023 [1]. - The presentation is made available on the company's investor relations website [1]. Group 2: Future Guidance - Moody's has provided its full-year 2024 guidance as of February 13, 2024, in the updated presentation [1]. - Senior management may utilize this updated presentation during meetings with analysts and investors [1]. Group 3: Company Overview - Moody's Corporation is a global risk assessment firm that aids organizations in making informed decisions [2]. - The company employs approximately 15,000 individuals across more than 40 countries, combining international presence with local expertise [2]. - Moody's has over a century of experience in financial markets, emphasizing transparency and informed decision-making [2].