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 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 Conference Call Participants 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 - Willi ...

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 ...

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 ...

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 ...

• 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 ...

Core Viewpoint - S&P Global (SPGI) is currently rated with a Momentum Style Score of B, indicating strong potential for short-term price appreciation based on recent performance and earnings estimate revisions [1][6]. Price Change Analysis - Over the past quarter, S&P Global shares have increased by 15.92%, and over the last year, they have risen by 22.15%. In comparison, the S&P 500 has only moved 7.34% and 19.81% respectively during the same periods [4]. - In the past week, SPGI shares have gained 0.32%, while the Zacks Business - Information Services industry has seen a slight decline of 0.02% [10]. - The monthly price change for SPGI is 7.67%, outperforming the industry's 1.86% [10]. Earnings Estimate Revisions - In the last two months, 9 earnings estimates for SPGI have been revised upwards, while none have been revised downwards, leading to an increase in the consensus estimate from $14.10 to $14.27 [5]. - For the next fiscal year, there have been 9 upward revisions and 1 downward revision in earnings estimates [5]. Momentum Investing Insights - Momentum investing focuses on following a stock's recent price trends, with the strategy of buying high and selling higher. This approach relies on the assumption that once a stock establishes a trend, it is likely to continue in that direction [7]. - The Zacks Momentum Style Score incorporates both price changes and trends in estimate revisions, which are essential for assessing a stock's potential [12]. Trading Volume - SPGI's average 20-day trading volume is currently 1,090,975 shares, which serves as a baseline for price-to-volume analysis. A rising stock with above-average volume is generally considered bullish [11].

Analysts on Wall Street project that S&P Global (SPGI) will announce quarterly earnings of $3.63 per share in its forthcoming report, representing an increase of 16.4% year over year. Revenues are projected to reach $3.43 billion, increasing 10.7% from the same quarter last year. Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.3% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this peri ...

Group 1: Sales Forecast and Trends - S&P Global Mobility projects new light vehicle sales volume in July 2024 to reach 1.32 million units, up approximately 1% year over year, translating to an estimated sales pace of 16.4 million units (SAAR), the highest since May 2021 [1][5]. - Despite one less selling day than June 2024, July auto sales volume is expected to match the previous month, with the two-month SAAR level of June and July being similar to April (15.8M) and May (15.9M) [2][5]. - Retail advertised inventory in the US rose by 1.8% compared to May and 57% over last June, indicating a growing inventory trend [2][3]. Group 2: Market Dynamics and Challenges - Mixed signals regarding the second half of the year persist, with new vehicle affordability concerns and expectations that inventories will not advance as strongly as in the past 12 months [2]. - Some automakers are facing challenges in balancing sales, production, inventory, and incentive targets as the market normalizes from the dynamics of 2020-2023 [2]. - The North American light vehicle production outlook for the remainder of the year has been scaled back as automakers manage these factors [2]. Group 3: Battery Electric Vehicle (BEV) Outlook - July BEV share is expected to reach 7.8%, maintaining the previous month's level and showing continued progress from Q1 2024 results [3]. - The introduction of new BEVs such as the Chevrolet Equinox EV and Honda Prologue, along with upcoming models like the Jeep Wagoneer S and Volkswagen ID. Buzz, is anticipated to support BEV share growth in the coming months [3].

Core Insights - S&P Global is positioned well within an oligopoly, benefiting from a strong moat in the debt issuance market, which is crucial for economic activity [1] - The company reported a significant increase in transaction revenue, which rose by 33%, while subscription revenue only grew by 2% to $1.78 billion in Q1 2024 [2] - Operating profits for the Ratings segment increased by 42% from $477 million to $679 million, indicating strong performance despite modest subscription growth [2] - S&P Global's revenue for Q1 2024 reached $3.491 billion, exceeding previous records by over 10%, with operating margins expanding by 350 basis points to 39.7% [5] - Free cash flow (FCF) for Q1 2024 was reported at $851 million, a 74% increase from the prior year, showcasing the company's capital-light business model [6] - The company anticipates a strong Q2 2024 with projected FCF of around $1.2 billion, and plans to return 85% of its FCF to shareholders through dividends and buybacks [8] Segment Performance - The Ratings segment experienced a 29% year-over-year increase, driven by favorable market conditions for debt issuance, particularly in bank loans and high-risk debt [5][12] - Operating profits across segments showed a 21% increase, with expenses rising only by 4%, highlighting operational efficiency [2] - The company is considering selling its Mobility segment, indicating a strategic focus on core revenue-generating areas [1] Market Outlook - S&P Global raised its FY 2024 guidance, reflecting confidence in continued strong performance, particularly in the Ratings segment [5][8] - The company expects lower levels of issuance in the second half of the year, but anticipates robust activity in Q2, supported by strong issuance trends observed in early 2024 [13] - Historical FCF growth has averaged 13.2% annually over the past decade, with expectations for continued growth in the coming years [14] Valuation - S&P Global is currently trading at a forward P/E of 44, which is considered expensive, but the strong free cash flow generation is a key driver of its valuation [4] - A discounted cash flow analysis suggests a fair value just below $570, indicating a potential upside of 17% [14]