McGraw-Hill Financial rechristened as S&P Global, Inc. (SPGI Quick QuoteSPGI - Free Report) came out with second-quarter 2016 results, wherein adjusted earnings of $1.44 per share beat the Zacks Consensus Estimate of $1.33, and surged 17% from the year-ago quarter.

Management now projects 2016 earnings in the band of $5.05 to $5.20 per share. The current Zacks Consensus Estimate for the full year is $5.12, which could witness an uptrend in the coming days.

S&P GLOBAL INC Price, Consensus and EPS Surprise

S&P GLOBAL INC Price, Consensus and EPS Surprise | S&P GLOBAL INC Quote

Earnings Estimate Revision: The Zacks Consensus Estimate for 2016 has been portraying an uptrend in the last 30 days. If we look at S&P Global’s performance in the trailing four quarters (excluding the quarter under review), it had outperformed the Zacks Consensus Estimate by an average of 6.9%.

Revenues: S&P Global generated revenue of $1,482 million that increased 10% year over year and came ahead of the Zacks Consensus Estimate of $1,416 million. Top-line growth was supported by healthy performances across S&P Global Ratings (up 4%), S&P Global Market Intelligence (up 29%), S&P Dow Jones Indices (up 4%) and S&P Global Platts (up 9%).

Zacks Rank: Currently, S&P Global carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement.

Check back later for our full write up on S&P Global’s earnings report!

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