S&P Global(SPGI)
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3 Business Information Stocks to Watch Amid Industry Woes
ZACKS· 2024-08-14 18:20
The increased adoption and success of the work-from-home trend are enabling the Zacks Business – Information Services industry to address the rising demand for services that ensure risk mitigation, cost reduction, and productivity improvement. The heightening technology adoption is benefiting companies like S&P Global Inc. (SPGI) , Verisk Analytics, Inc. (VRSK) and TransUnion (TRU) , supporting them to offer digitally-transformed, personalized and valueadded services. About the Industry The Zacks Business – ...
S&P Global(SPGI) - 2024 Q2 - Quarterly Report
2024-07-30 21:29
In the opinion of management, all normal recurring adjustments considered necessary for a fair statement of the results of the interim periods have been included. The operating results for the three and six months ended June 30, 2024 are not necessarily indicative of the results that may be expected for the full year. On an ongoing basis, we evaluate our estimates and assumptions, including those related to revenue recognition, business combinations, allowance for doubtful accounts, valuation of long-lived ...
S&P Global (SPGI) Q2 Earnings & Revenues Beat Estimates
ZACKS· 2024-07-30 17:20
SPGI's adjusted EPS (excluding 82 cents from non-recurring items) of $4.04 surpassed the Zacks Consensus Estimate by 10.1% and increased 29.5% year over year. Revenues of $3.5 billion beat the consensus estimate by 3.4% and improved 14.5% year over year. Revenues from the Mobility and Indices segment saw year-over-year increases of 8% and 12% to $400 million and $389 million, respectively. Mobility revenues missed our estimate of $402.5 million, while Indices revenues outpaced our estimate of $373.9 million ...
S&P Global(SPGI) - 2024 Q2 - Earnings Call Presentation
2024-07-30 16:00
Platts Dated Brent 3 ~25% July 2024 Global Refinancing Study 26 Includes bonds, loans, and revolving credit facilities that are rated by S&P Global Ratings from financial and nonfinancial corporate issuers. Source: S&P Global Ratings Credit Research & Insights Indicates a change from prior guidance Previous Current 28 Commercial conditions Acceleration in Strategic Initiatives Continued investment in new and enhanced products with key releases in Market Intelligence and Commodity Insights, and deployment of ...
S&P Global(SPGI) - 2024 Q2 - Earnings Call Transcript
2024-07-30 15:59
S&P Global Inc. (NYSE:SPGI) Q2 2024 Earnings Conference Call July 30, 2024 8:30 AM ET Company Participants Mark Grant - SVP of IR Doug Peterson - President & CEO Chris Craig - Interim CFO Martina Cheung - President, S&P Global Ratings Ashish Sabadra - RBC Capital Markets Manav Patnaik - Barclays George Tong - Goldman Sachs Faiza Alwy - Deutsche Bank Heather Balsky - Bank of America Toni Kaplan - Morgan Stanley Alex Kramm - UBS Scott Wurtzel - Wolfe Research Thomas Roesch - William Blair Owen Lau - Oppenheim ...
S&P Global (SPGI) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
ZACKS· 2024-07-30 14:36
S&P Global (SPGI) reported $3.55 billion in revenue for the quarter ended June 2024, representing a year-overyear increase of 14.5%. EPS of $4.04 for the same period compares to $3.12 a year ago. The reported revenue represents a surprise of +3.42% over the Zacks Consensus Estimate of $3.43 billion. With the consensus EPS estimate being $3.67, the EPS surprise was +10.08%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine t ...
S&P Global (SPGI) Tops Q2 Earnings and Revenue Estimates
ZACKS· 2024-07-30 13:30
Over the last four quarters, the company has surpassed consensus EPS estimates three times. S&P Global shares have added about 11.2% since the beginning of the year versus the S&P 500's gain of 14.5%. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. It will be interest ...
S&P Global Reports Second Quarter Results
Prnewswire· 2024-07-30 11:19
NEW YORK, July 30, 2024 /PRNewswire/ -- S&P Global (NYSE: SPGI) today reported second quarter 2024 results. The Company's earnings release and supplemental materials are available at http://investor.spglobal.com/Quarterly-Earnings. The Webcast will be available live and in replay at http://investor.spglobal.com/Quarterly-Earnings. S&P Global (NYSE: SPGI) provides essential intelligence. We enable governments, businesses and individuals with the right data, expertise and connected technology so that they can ...
S&P Global(SPGI) - 2024 Q2 - Quarterly Results
2024-07-30 11:10
• GAAP operating margin increased over 1,100 basis points and adjusted operating margin increased 450 basis points, driving 102% growth in GAAP EPS and 30% growth in adjusted EPS, respectively, year over year. (1) Total revenue includes the impact of inter-segment eliminations of $41M and $46M, and a contribution from Engineering Solutions of $33M and $0 in 2Q '23 and 2Q '24, respectively. In addition to the above, the Company expects 2024 cash provided by operating activities, less capital expenditures and ...
Is S&P Global (SPGI) a Solid Growth Stock? 3 Reasons to Think "Yes"
ZACKS· 2024-07-26 17:46
Research shows that stocks carrying the best growth features consistently beat the market. And returns are even better for stocks that possess the combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy). Earnings Growth While the historical EPS growth rate for S&P Global is 5.9%, investors should actually focus on the projected growth. The company's EPS is expected to grow 13.2% this year, crushing the industry average, which calls for EPS growth of 11.8%. While cash is the lifeb ...