Moody’s-Here's What Key Metrics Tell Us About Moody's (MCO) Q3 Earnings

Core Insights - Moody's reported revenue of $1.81 billion for the quarter ended September 2024, reflecting a 23.2% increase year-over-year [1] - Earnings per share (EPS) reached$ 3.21, up from $2.43 in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate of$ 1.73 billion by 4.72%, while the EPS surpassed the consensus estimate of $2.89 by 11.07% [1] Revenue Performance - Moody's Analytics revenue from total external customers was$ 831 million, slightly below the average estimate of $837.22 million, marking a 7.1% year-over-year increase [1] - Moody's Investor Services revenue from total external customers was$ 982 million, exceeding the average estimate of $895.29 million, representing a significant 41.1% year-over-year increase [1] - Revenue from Moody's Analytics - Decision Solutions was$ 383 million, close to the estimate of $386.65 million, with an 8.2% year-over-year increase [1] - Revenue from Moody's Analytics - Data and Information was$ 213 million, slightly below the estimate of $218.05 million, showing a 6.5% year-over-year increase [1] - Revenue from Moody's Analytics - Research and Insights was$ 235 million, slightly above the estimate of $233.32 million, with a 5.9% year-over-year increase [1] - Corporate finance revenue from Moody's Investor Services was$ 515 million, significantly above the estimate of $448.26 million, reflecting a 48.8% year-over-year increase [1] - Structured finance revenue from Moody's Investor Services was$ 135 million, exceeding the estimate of $120.95 million, with a 32.4% year-over-year increase [1] - Public, project, and infrastructure finance revenue from Moody's Investor Services was$ 154 million, above the estimate of $144.24 million, representing a 33.9% year-over-year increase [1] Stock Performance - Moody's shares have returned +1.7% over the past month, compared to the Zacks S&P 500 composite's +2.8% change [2] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance against the broader market in the near term [2]