S&P Global (SPGI) to Report Q2 Earnings: What's in the Offing?

Core Viewpoint - S&P Global Inc. (SPGI) is expected to report strong second-quarter 2024 results, with revenue and earnings estimates indicating growth compared to the previous year [1][2][15]. Revenue Expectations - The consensus estimate for SPGI's revenues is $3.4 billion, reflecting a 10.1% increase from the same quarter last year [2]. - Ratings revenues are projected at $866.8 million, suggesting a 1.9% growth year-over-year, driven by increased transaction revenues from refinancing activities [3]. - Mobility revenues are expected to grow by 9.1% to $402.5 million, supported by new car listings and strong underwriting volumes [10]. - Commodity Insights revenues are estimated at $497.4 million, indicating a 7.7% rise due to increased demand in Price Assessments and Energy [10]. - Indices revenues are anticipated to reach $373.9 million, reflecting a 7.5% growth, bolstered by higher asset-linked fees [11]. - Market Intelligence revenues are projected at $1.2 billion, up 11.4% year-over-year, driven by growth in Data & Advisory Solutions and Enterprise Solutions [11]. Earnings Expectations - Adjusted EBITDA for the quarter is expected to be $1.8 billion, a 3.1% increase from the previous year, with an adjusted EBITDA margin of 53.7%, down from 55.4% [4]. - The consensus estimate for earnings per share is $3.6, representing a 15.4% increase year-over-year, attributed to strong margins and expense discipline [15]. - SPGI has an Earnings ESP of +1.14% and a Zacks Rank of 2, indicating a favorable outlook for an earnings beat [7][5]. - The company has a history of earnings surprises, having exceeded the Zacks Consensus Estimate in two of the last four quarters, with an average surprise of 3.4% [9].