Moody's (MCO - Free Report) reported $1.79 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 21.5%. EPS of $3.37 for the same period compares to $2.99 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.73 billion, representing a surprise of +3.03%. The company delivered an EPS surprise of +10.13%, with the consensus EPS estimate being $3.06.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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: $799 million versus $806.74 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +8.4% change.
- Revenue- Total external customers- Moody's investor services: $987 million compared to the $874.35 million average estimate based on five analysts. The reported number represents a change of +34.7% year over year.
- Revenue- Moody's Analytics- Decision Solutions: $365 million compared to the $372.36 million average estimate based on four analysts.
- Revenue- Moody's Analytics- Data and Information: $212 million versus the four-analyst average estimate of $206.95 million.
- Revenue- Moody's Analytics- Research and Insights: $222 million versus $228.88 million estimated by four analysts on average.
- Revenue- Moody's Analytics- Intersegment revenue: $3 million compared to the $3.35 million average estimate based on three analysts.
- Revenue- Moody's investor services- Relationship: $310 million compared to the $312.42 million average estimate based on three analysts. The reported number represents a change of +2.7% year over year.
- Revenue- Moody's investor services- Transaction: $677 million versus $605.12 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +57.1% change.
- Revenue- Moody's investor services: $987 million versus the three-analyst average estimate of $913.86 million. The reported number represents a year-over-year change of +26.9%.
- Revenue- Moody's Analytics: $799 million versus the three-analyst average estimate of $809.92 million. The reported number represents a year-over-year change of +8%.
- Revenue- Moody's investor services- Public, project and infrastructure finance: $141 million versus the three-analyst average estimate of $138.92 million. The reported number represents a year-over-year change of +9.3%.
- Revenue- Moody's investor services- Financial institutions: $195 million versus $151.75 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +37.3% change.
View all Key Company Metrics for Moody's here>>>Shares of Moody's have returned -3.9% over the past month versus the Zacks S&P 500 composite's -2.7% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
Highest Returns for Any Asset Class
It’s not even close. Despite ups and downs, Bitcoin has been more profitable for investors than any other decentralized, borderless form of money.
No guarantees for the future, but in the past three presidential election years, Bitcoin’s returns were as follows: 2012 +272.4%, 2016 +161.1%, and 2020 +302.8%. Zacks predicts another significant surge in months to come.
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Moody's (MCO - Free Report) reported $1.79 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 21.5%. EPS of $3.37 for the same period compares to $2.99 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.73 billion, representing a surprise of +3.03%. The company delivered an EPS surprise of +10.13%, with the consensus EPS estimate being $3.06.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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: $799 million versus $806.74 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +8.4% change.
- Revenue- Total external customers- Moody's investor services: $987 million compared to the $874.35 million average estimate based on five analysts. The reported number represents a change of +34.7% year over year.
- Revenue- Moody's Analytics- Decision Solutions: $365 million compared to the $372.36 million average estimate based on four analysts.
- Revenue- Moody's Analytics- Data and Information: $212 million versus the four-analyst average estimate of $206.95 million.
- Revenue- Moody's Analytics- Research and Insights: $222 million versus $228.88 million estimated by four analysts on average.
- Revenue- Moody's Analytics- Intersegment revenue: $3 million compared to the $3.35 million average estimate based on three analysts.
- Revenue- Moody's investor services- Relationship: $310 million compared to the $312.42 million average estimate based on three analysts. The reported number represents a change of +2.7% year over year.
- Revenue- Moody's investor services- Transaction: $677 million versus $605.12 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +57.1% change.
- Revenue- Moody's investor services: $987 million versus the three-analyst average estimate of $913.86 million. The reported number represents a year-over-year change of +26.9%.
- Revenue- Moody's Analytics: $799 million versus the three-analyst average estimate of $809.92 million. The reported number represents a year-over-year change of +8%.
- Revenue- Moody's investor services- Public, project and infrastructure finance: $141 million versus the three-analyst average estimate of $138.92 million. The reported number represents a year-over-year change of +9.3%.
- Revenue- Moody's investor services- Financial institutions: $195 million versus $151.75 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +37.3% change.
View all Key Company Metrics for Moody's here>>>Shares of Moody's have returned -3.9% over the past month versus the Zacks S&P 500 composite's -2.7% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
Highest Returns for Any Asset Class
It’s not even close. Despite ups and downs, Bitcoin has been more profitable for investors than any other decentralized, borderless form of money.
No guarantees for the future, but in the past three presidential election years, Bitcoin’s returns were as follows: 2012 +272.4%, 2016 +161.1%, and 2020 +302.8%. Zacks predicts another significant surge in months to come.
Hurry, Download Special Report – It’s FREE >>
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