S&P Global(US:SPGI) ZACKS·2024-07-26 17:01Core 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].