Moody's (MCO) came out with quarterly earnings of $3.28 per share, beating the Zacks Consensus Estimate of $3.06 per share. This compares to earnings of $2.30 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.19%. A quarter ago, it was expected that this credit ratings agency would post earnings of $3.06 per share when it actually produced earnings of $3.37, delivering a surprise of 10.13%.Over the last four quarters, the comp ...

Moody's (MCO) reported second-quarter 2024 adjusted earnings of $3.28 per share, which handily outpaced the Zacks Consensus Estimate of $3.06. The bottom line surged 43% from the year-ago quarter figure.Robust 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 considering certain non-recurring items, net income attributable to Moody's was $522 ...

MOODY'S CORPORATION REPORTS RESULTS FOR SECOND QUARTER 2024 NEW YORK, NY - July 23, 2024 - Moody's Corporation (NYSE: MCO) today announced results for the second quarter of 2024, and updated select metrics within its outlook for full year 2024. | --- | --- | --- | |---------------------|-------------------|---------------------------| | Moody's Corporation | Moody's Analytics | Moody's Investors Service | | (MCO) Revenue | (MA) Revenue | (MIS) Revenue | | 2Q 2024 | 2Q 2024 | 2Q 2024 | | $1.8 billion ⇑ 22% | ...

fazon1 Duopolies are one of the best places to be invested in. One of the duopolies I have exposure to is the credit rating business. Alright, it actually has three main players, but two of them do get the lion's share of the market. I am talking about S&P Global (SPGI) and Moody's Corporation (NYSE:MCO). I currently own a stake in the former, initiated in October 2023 and then increased after its Q1 earnings report, which made it trade down a bit. At the same time, I keep a close eye on Moody's, as I c ...

Core Insights - Moody's is expected to report strong revenue growth in Q2 2024, particularly in its Corporate Finance line, which is the largest revenue contributor within the Moody's Investors Service division [1] - The overall revenue estimate for the MIS division indicates an 18.7% year-over-year increase, reflecting robust issuance activity in various bond categories [2][5] Corporate Finance Performance - The Zacks Consensus Estimate for Corporate Finance revenues is $493 million, representing a 35.1% increase from the prior-year quarter [1] - All sub-categories within non-financial corporate bonds, including investment grade, high yield, and leveraged loans, showed year-over-year gains [1] Other Business Lines - The Public, Project, and Infrastructure Finance business is estimated to generate $140 million, indicating a 10.2% year-over-year increase [2] - Structured Finance revenues are expected to reach $120 million, reflecting a 17.6% growth from the previous year [2] Moody's Analytics Division - Revenues from the Moody's Analytics division are projected to be $821 million, marking a 9.3% increase from the prior-year quarter [3] - The division's growth is supported by rising demand for analytics and strategic acquisitions [3] Earnings Expectations - The consensus estimate for Moody's Q2 earnings is $3.02, which has been revised upward by 5.6% over the past week, indicating a 31.3% rise from the year-ago figure [4] - The company has a positive Earnings ESP of +1.07% and a Zacks Rank of 2 (Buy), suggesting a high likelihood of beating earnings estimates [4] Overall Revenue Growth - The total sales estimate for Moody's stands at $1.74 billion, suggesting a 16.3% year-over-year growth [5]

Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, with the aim of buying high and selling higher, capitalizing on established price movements [1] - The Zacks Momentum Style Score helps identify effective metrics for assessing momentum in stocks [1] Group 2: Moody's Performance Metrics - Moody's (MCO) currently holds a Momentum Style Score of B and a Zacks Rank of 2 (Buy), indicating strong potential for outperformance [2] - Over the past week, MCO shares increased by 3.17%, outperforming the Zacks Financial - Miscellaneous Services industry, which rose by 2.23% [3] - In the last quarter, MCO shares rose by 19.63%, and over the past year, they increased by 26.84%, compared to the S&P 500's gains of 11.65% and 25.12%, respectively [4] Group 3: Trading Volume and Earnings Outlook - MCO's average 20-day trading volume is 613,583 shares, which is a bullish indicator when combined with rising stock prices [4] - In the past two months, 8 earnings estimates for MCO have been revised upwards, raising the consensus estimate from $10.76 to $11.02 [5] - For the next fiscal year, 5 estimates have increased while 1 has decreased, indicating a positive earnings outlook [5] Group 4: Conclusion - Given the positive momentum indicators and earnings outlook, MCO is positioned as a strong buy candidate for investors seeking short-term gains [6]

Core Viewpoint - Moody's is expected to report a year-over-year increase in earnings driven by higher revenues, with a consensus EPS estimate of $2.95, reflecting a +28.3% change, and revenues projected at $1.69 billion, up 13.3% from the previous year [1][2]. Earnings Expectations - The upcoming earnings report for Moody's is anticipated to be released on July 23, and the stock may rise if actual results exceed expectations, while a miss could lead to a decline [1]. - The Most Accurate Estimate for Moody's is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +2.80%, indicating a bullish outlook from analysts [5][6]. Estimate Revisions - The consensus EPS estimate for Moody's has been revised 0.06% lower over the last 30 days, reflecting a reassessment by covering analysts [2]. - In contrast, Applied Digital Corporation has seen a significant year-over-year EPS change of -242.9%, with an Earnings ESP of -15.46% and a Zacks Rank of 5, indicating a challenging outlook [9]. Earnings Surprise History - Moody's has a history of beating consensus EPS estimates, having exceeded expectations in three out of the last four quarters, with a notable surprise of +10.13% in the last reported quarter [7]. Industry Comparison - Applied Digital Corporation, another player in the financial services sector, is expected to report a significant decline in EPS, which contrasts with Moody's positive outlook [9].

Moody’s Corp. (MCO) has fully acquired Global Credit Rating Company Limited (GCR). This move expands the company’s footprint in Africa’s domestic credit markets. The terms of the deal were kept under wraps.In 2022, Moody’s initially announced the acquisition of a majority stake in GCR Ratings.Global Credit Rating has a presence across the continent, including in countries like Nigeria, South Africa, Kenya, Senegal and Mauritius. The firm rates a broad range of entities, including financial institutions, cor ...

Core Viewpoint - Moody's has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][2]. Earnings Estimates and Stock Price Movement - The Zacks rating system is based on changes in earnings estimates, which are strongly correlated with near-term stock price movements [3]. - Institutional investors utilize earnings estimates to determine the fair value of stocks, leading to buying or selling actions that affect stock prices [3]. Earnings Estimate Revisions for Moody's - Moody's is projected to earn $10.79 per share for the fiscal year ending December 2024, reflecting a year-over-year increase of 9% [5]. - Over the past three months, the Zacks Consensus Estimate for Moody's has risen by 1.2% [5]. Zacks Rank System - The Zacks Rank system categorizes stocks into five groups based on earnings estimates, with a strong historical performance, particularly for Zacks Rank 1 stocks, which have averaged a +25% annual return since 1988 [4]. - Moody's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting potential for price appreciation in the near term [7].

Moody’s Corp. (MCO) and MSCI Inc. (MSCI) have entered into an agreement to establish a strategic partnership to capitalize on each other’s strengths to enhance transparency in environmental, social, and governance (ESG) and sustainability in markets and make better decisions. The financial terms of the deal remain confidential.Moody’s will utilize MSCI’s sustainability data and models, which are widely used by the world’s major asset managers and asset owners. The agreement includes MSCI’s industry-leading ...