For the quarter ended June 2024, Moody's (MCO) reported revenue of $1.82 billion, up 21.6% over the same period last year. EPS came in at $3.28, compared to $2.30 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.75 billion, representing a surprise of +3.69%. The company delivered an EPS surprise of +7.19%, with the consensus EPS estimate being $3.06.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they comp ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form10-Q (Mark one) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-14037 ____________________ Moody's Corporation (Exact name of registrant as specified in its charter) Delaware 13- ...

Financial Data and Key Metrics Changes - Moody's reported a revenue of $1.8 billion for Q2 2024, representing a 22% year-on-year growth, with an adjusted operating margin of nearly 50%, improving by 590 basis points [20][30] - Adjusted diluted EPS grew by 43%, with the guidance raised to a range of $11 to $11.40, reflecting a 13% growth compared to the previous year [7][30] Business Line Data and Key Metrics Changes - The MIS segment achieved a revenue growth of 36%, with transactional revenue increasing by 56%, which outpaced issuance growth of 47% [22] - Moody's Analytics (MA) revenue grew by 7%, with annualized recurring revenue (ARR) reaching $3.1 billion, up 10% year-on-year [20][21] - Decision Solutions within MA saw a 13% ARR growth, while KYC and Insurance segments reported ARR growth of 18% and 14% respectively [10][21] Market Data and Key Metrics Changes - The corporate finance and financial institutions rating groups in MIS experienced transactional revenue growth rates exceeding 65% [9] - The overall retention rate for MA remained high at around 94%, indicating strong customer loyalty [21][43] Company Strategy and Development Direction - Moody's is focusing on innovation and investment, launching new products and expanding partnerships to drive long-term sustainable growth [8][12] - The company completed the acquisition of GCR, enhancing its leadership in domestic rating markets, particularly in Africa [15] - Strategic collaborations with MSCI and Zillow aim to enhance ESG offerings and data insights, respectively [16][18] Management's Comments on Operating Environment and Future Outlook - Management expressed a positive outlook for global GDP growth between 2% and 3% for the year, with expectations of declining global default rates [25] - The company anticipates a more muted issuance environment in Q4 due to potential election-related turbulence [33][38] - Management acknowledged tighter purchasing patterns in banking and asset management sectors, impacting upsell and pricing retention [60][62] Other Important Information - Moody's is increasing its share repurchase guidance from $1 billion to $1.3 billion, planning to return around 90% of free cash flow to shareholders [30] - The company has launched new GenAI products, including an automated credit memo and an Early Warning System, aimed at enhancing customer solutions [12][57] Q&A Session Summary Question: Update on issuance and pull-forward expectations - Management noted two types of pull-forward: planned financing within the year and forward maturities, with expectations for a muted Q4 issuance due to market conditions [33][34] Question: Impact of geopolitical and macro uncertainty on issuance - Management indicated that the outlook for the balance of the year is not heavily dependent on interest rate changes, with a cautious view for Q4 [38] Question: Drivers for Research & Insights growth acceleration - Management highlighted strong sales momentum and customer satisfaction for Research Assistant, which is expected to drive growth in the second half [42][43] Question: Details on the MSCI partnership and its impact - The partnership is expected to enhance ESG offerings, with integration work ongoing and potential benefits for private credit solutions in the future [46][48] Question: Update on strategic investments and product development - Management confirmed progress in GenAI-related products and ongoing investments in technology platforms to enhance user experience and retention [51][55]

Chunumunu Moody's (NYSE:MCO) is having a golden moment, and its price per share continues to record new all-time highs. Q2 2024 was recently released and both EPS and revenue estimates were beaten: Expected EPS was $3.03 vs. the actual $3.38. Expected revenues were $1.72 billion vs. the actual $1.80 billion. In addition, guidance was revised upward again, further fueling Moody's golden moment. Despite various mixed signals (inverted yield curve and Sahm Rule), the U.S. economy remains resilient, as do ...

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]