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Moody's (MCO) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
Moody’sMoody’s(US:MCO) ZACKS·2024-07-16 15:07

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].