Below, we take a look at S&P Global (SPGI) , a company that currently holds a Momentum Style Score of B. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score. You can see the current list of Zacks #1 Rank Stocks here >>> Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scor ...

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 ...

S&P Global Inc. (SPGI) is scheduled to release its second-quarter 2024 results on Jul 30, before market open. The Zacks Consensus Estimate for revenues is pegged at $3.4 billion, indicating an increase of 10.1% from the year-ago quarter's actual. The top line is expected to have gained primarily from transaction revenues in the Ratings division and subscription revenues across the entire company. The estimate for Ratings revenues is pegged at $866.8 million, suggesting 1.9% growth from the year-ago quarter' ...

Given the shift of delayed new vehicle purchases which stemmed from the dealer management software cyberattack, the pace of sales in July is expected to realize a notable boost SOUTHFIELD, Mich., July 24, 2024 /PRNewswire/ -- 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. This volume would translate to an estimated sales pace of 16.4 million units (seasonally adjusted annual rate: SAAR), which would be the highest mon ...

Earnings season has begun. Amidst thousands of quarterly reports and earnings calls that need to be scrutinized, I will pay close attention to a few sectors, and credit rating agencies are among my top priorities. In this article, we will look at Standard & Poor's (NYSE:SPGI), one of the latest additions to my portfolio, with a 4% weighting. In fact, in addition to being part of an oligopoly (or, as many think, a duopoly) and having an endurable moat (the company is entrenched, among others, in the sweet sp ...

S&P Global is a member of the Business Services sector. This group includes 315 individual stocks and currently holds a Zacks Sector Rank of #6. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our latest available data shows that SPGI has returned about 11.2% since the start of the calendar year. Meanwhile, the Business Services sector has returned an average of 5.7% on a ...

Development of a new U.S. mine—from discovery to production—takes nearly 29 years, on average NEW YORK, July 18, 2024 /PRNewswire/ -- The United States has the second longest lead times in the world for developing a new mine for the critical minerals that are vital to the energy transition, according to new report by S&P Global.* The report, Mine Development Times: The U.S. in Perspective found that it takes an average of 29 years for such mines to go from discovery to production in the United States, longe ...

Strategic acquisitions enable the company to drive growth. It aims to innovate, expand content and introduce products. In 2023, Market Scan Information Systems, Inc. and ChartIQ were acquired, which assisted the company in enhancing mobility services and strengthening S&P Global Market Intelligence. Shades of Green business was acquired in 2022, which improved second-party opinions. The merger with IHS Markit, completed in 2022, improved data and analytics offerings. S&P Global paid out $1.1 billion, $1 bil ...

REGIONAL SUPPLY CHAIN VOLATILITY benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. With every one of our offerings, we help the world's leading organizations plan for tomorrow, today. "Asian manufacturers are gaining momentum, which, if sustained into the second half of the year, will mean a return of increasing costs and price pressures for global companies," explained Amol Jawale, vice president, consulting, GEP. "Now is the perfect time for a company's ...

Central European Banks Performance - Elevated interest spreads and strong non-interest income performance drove profitability at three Central European banks, placing them at the top of the performance ranking [1] - Hungary's OTP Bank was ranked as Europe's top-performing bank in 2023, driven by strong lending margins due to higher interest rates [6] - Poland's PKO Bank Polski and Bank Polska Opieki ranked second and third, respectively, benefiting from higher interest rates [6] French Banks Underperformance - France's three largest banks, BNP Paribas, Crédit Agricole, and Société Générale, occupied the bottom three positions in the ranking [4] - Structural issues and regulated savings accounts requiring minimum interest rate payments limited the benefits French banks could derive from higher European Central Bank interest rates [4] European Bank Ranking Methodology - S&P Global Market Intelligence ranked Europe's 50 largest publicly traded banks by assets using seven weighted financial metrics, including return on average equity, net interest margin, and cost-to-income ratio [5] Impact of Central Bank Interest Rates - Banks across Europe benefited from higher central bank interest rates in 2023, aimed at combating high inflation [7] - Hungary's policy interest rate was 13%, and Poland's was 6.75% for much of 2023, enabling banks in these markets to increase earning-asset yields more quickly than funding costs [7] - OTP Bank, PKO Bank Polski, and Bank Pekao had the highest year-end net interest margins among major European lenders at 3.92%, 4.12%, and 4.13%, respectively [7]