Moody's (MCO - Free Report) reported $1.48 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 14.7%. EPS of $2.19 for the same period compares to $1.60 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.49 billion, representing a surprise of -0.66%. The company delivered an EPS surprise of -6.41%, with the consensus EPS estimate being $2.34.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Moody's performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- Total external customers- Moody's Analytics: $796 million versus the five-analyst average estimate of $796.64 million. The reported number represents a year-over-year change of +11.5%.
- Revenue- Total external customers- Moody's investor services: $684 million versus the five-analyst average estimate of $686.62 million. The reported number represents a year-over-year change of +18.8%.
- Revenue- Moody's Analytics- Data and Information: $205 million compared to the $204.34 million average estimate based on four analysts.
- Revenue- Moody's Analytics- Decision Solutions: $361 million compared to the $369.67 million average estimate based on four analysts.
- Revenue- Moody's Analytics- Research and Insights: $230 million compared to the $223.06 million average estimate based on four analysts.
- Revenue- Moody's investor services- Public, project and infrastructure finance: $105 million versus $115.29 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +11.7% change.
- Revenue- Moody's Analytics: $799 million versus $799.71 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +11.4% change.
- Revenue- Moody's investor services: $732 million compared to the $731.44 million average estimate based on three analysts. The reported number represents a change of +17.9% year over year.
- Revenue- Moody's investor services- Financial institutions: $132 million versus $123.18 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +7.3% change.
- Revenue- Moody's investor services- Structured finance: $102 million versus the three-analyst average estimate of $108.14 million. The reported number represents a year-over-year change of +8.5%.
- Revenue- Moody's investor services- Corporate finance: $337 million compared to the $321.95 million average estimate based on three analysts. The reported number represents a change of +33.2% year over year.
- Revenue- Moody's Analytics- Intersegment revenue: $3 million versus $3.30 million estimated by three analysts on average.
View all Key Company Metrics for Moody's here>>>Shares of Moody's have returned +5.6% over the past month versus the Zacks S&P 500 composite's +5.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
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Moody's (MCO - Free Report) reported $1.48 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 14.7%. EPS of $2.19 for the same period compares to $1.60 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.49 billion, representing a surprise of -0.66%. The company delivered an EPS surprise of -6.41%, with the consensus EPS estimate being $2.34.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Moody's performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- Total external customers- Moody's Analytics: $796 million versus the five-analyst average estimate of $796.64 million. The reported number represents a year-over-year change of +11.5%.
- Revenue- Total external customers- Moody's investor services: $684 million versus the five-analyst average estimate of $686.62 million. The reported number represents a year-over-year change of +18.8%.
- Revenue- Moody's Analytics- Data and Information: $205 million compared to the $204.34 million average estimate based on four analysts.
- Revenue- Moody's Analytics- Decision Solutions: $361 million compared to the $369.67 million average estimate based on four analysts.
- Revenue- Moody's Analytics- Research and Insights: $230 million compared to the $223.06 million average estimate based on four analysts.
- Revenue- Moody's investor services- Public, project and infrastructure finance: $105 million versus $115.29 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +11.7% change.
- Revenue- Moody's Analytics: $799 million versus $799.71 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +11.4% change.
- Revenue- Moody's investor services: $732 million compared to the $731.44 million average estimate based on three analysts. The reported number represents a change of +17.9% year over year.
- Revenue- Moody's investor services- Financial institutions: $132 million versus $123.18 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +7.3% change.
- Revenue- Moody's investor services- Structured finance: $102 million versus the three-analyst average estimate of $108.14 million. The reported number represents a year-over-year change of +8.5%.
- Revenue- Moody's investor services- Corporate finance: $337 million compared to the $321.95 million average estimate based on three analysts. The reported number represents a change of +33.2% year over year.
- Revenue- Moody's Analytics- Intersegment revenue: $3 million versus $3.30 million estimated by three analysts on average.
View all Key Company Metrics for Moody's here>>>Shares of Moody's have returned +5.6% over the past month versus the Zacks S&P 500 composite's +5.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
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