Have you been eager to see how Moody's Corporation (MCO - Free Report) , performed in Q4 in comparison with the market expectations? Let’s quickly scan through the key facts from this NY-based credit rating giant’s earnings release this morning:
An Earnings Beat
Moody’s reported adjusted earnings were $1.51 per share, which beat the Zacks Consensus Estimate of $1.45.
Results were primarily driven by a rise in revenues.
How Was the Estimate Revision Trend?
You should note that the earnings estimate for Moody’s depicted bullish stance prior to the earnings release. The Zacks Consensus Estimate rose 1.4% over the last seven days.
Further, Moody’s has a decent earnings surprise history.
Overall, the company surpassed the Zacks Consensus Estimate by an average of 12.9% in the trailing four quarters.
Revenue Came in Higher than Expected
Moody’s reported revenues of $1.17 billion, beating the Zacks Consensus Estimate of $1.08 billion. Also, revenues grew 24% year over year.
Key Takeaways
After taking into consideration the impacts of tax reform in the U.S. and Europe, amortization of all acquisition-related intangible assets and acquisition-related expenses, Moody’s net income was $28.5 million or 13 cents per share.
As of Dec 31, 2017, Moody’s had total cash, cash equivalents and short-term investments of $1.18 billion.
In the reported quarter, Moody’s returned $72.6 million to shareholders.
Moody’s expects adjusted earnings in the range of $7.65-$7.85 per share in 2018.
What Zacks Rank Says
The estimate revisions that we discussed earlier have driven a Zacks Rank #1 (Strong Buy) for Moody’s. However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. While the results apparently look favorable, it all depends on what sense the just-released report makes to the analysts.
You can see the complete list of today’s Zacks #1 Rank stocks here.
Check back later for our full write up on this Moody’s earnings report!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Have you been eager to see how Moody's Corporation (MCO - Free Report) , performed in Q4 in comparison with the market expectations? Let’s quickly scan through the key facts from this NY-based credit rating giant’s earnings release this morning:
An Earnings Beat
Moody’s reported adjusted earnings were $1.51 per share, which beat the Zacks Consensus Estimate of $1.45.
Results were primarily driven by a rise in revenues.
How Was the Estimate Revision Trend?
You should note that the earnings estimate for Moody’s depicted bullish stance prior to the earnings release. The Zacks Consensus Estimate rose 1.4% over the last seven days.
Further, Moody’s has a decent earnings surprise history.
Overall, the company surpassed the Zacks Consensus Estimate by an average of 12.9% in the trailing four quarters.
Revenue Came in Higher than Expected
Moody’s reported revenues of $1.17 billion, beating the Zacks Consensus Estimate of $1.08 billion. Also, revenues grew 24% year over year.
Key Takeaways
After taking into consideration the impacts of tax reform in the U.S. and Europe, amortization of all acquisition-related intangible assets and acquisition-related expenses, Moody’s net income was $28.5 million or 13 cents per share.
As of Dec 31, 2017, Moody’s had total cash, cash equivalents and short-term investments of $1.18 billion.
In the reported quarter, Moody’s returned $72.6 million to shareholders.
Moody’s expects adjusted earnings in the range of $7.65-$7.85 per share in 2018.
What Zacks Rank Says
The estimate revisions that we discussed earlier have driven a Zacks Rank #1 (Strong Buy) for Moody’s. However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. While the results apparently look favorable, it all depends on what sense the just-released report makes to the analysts.
You can see the complete list of today’s Zacks #1 Rank stocks here.
Check back later for our full write up on this Moody’s earnings report!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Get the latest research report on MCO - FREE