Moody's (MCO) Q4 Earnings and Revenues Miss Estimates
Moody’sMoody’s(US:MCO) Zacks Investment Research·2024-02-13 14:11

Core Insights - Moody's reported quarterly earnings of $2.19 per share, missing the Zacks Consensus Estimate of $2.34 per share, but showing an increase from $1.60 per share a year ago, resulting in an earnings surprise of -6.41% [1] - The company posted revenues of $1.48 billion for the quarter, which was below the Zacks Consensus Estimate by 0.66%, but up from $1.29 billion year-over-year [1] Earnings Performance - Moody's has surpassed consensus EPS estimates three times over the last four quarters, while it missed the estimate in the latest quarter [1] - The company had a previous quarter earnings expectation of $2.35 per share but reported $2.43, delivering a surprise of 3.40% [1] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $2.87 on revenues of $1.62 billion, and for the current fiscal year, it is $11.27 on revenues of $6.53 billion [4] - The estimate revisions trend for Moody's is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [4] Industry Context - The Financial - Miscellaneous Services industry, to which Moody's belongs, is currently in the bottom 38% of over 250 Zacks industries, which may impact stock performance [5] - Another company in the same industry, PRA Group, is expected to report a quarterly loss of $0.35 per share, reflecting a year-over-year change of -185.4% [5][6]