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IHS Markit (INFO) Tops Q2 Earnings and Revenue Estimates

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IHS Markit Ltd. (INFO - Free Report) reported second-quarter fiscal 2021 earnings per share of 81 cents (on an adjusted basis) which beat the Zacks Consensus Estimate by a penny. Earnings increased on a year over year basis.

How Was the Estimate Revision Trend?

Investors should note that the Zacks Consensus Estimate for IHS Markit’s second-quarter fiscal 2021 earnings of 80 per share remained unchanged over the last 60 days.

The company has an impressive earnings history having outperformed the Zacks Consensus Estimate in all of the last four quarters with an average beat of 6.66%.

Revenues Higher Than Expected

IHS Markit recorded total revenues of $1.2 billion which surpassed the Zacks Consensus Estimate of $1.14 billion. Also, revenues compared favorably with the year-ago figure.

Key Stats to Note: IHS Markit generated $372 million of cash flow from operations and capex was $71.2 in the reported quarter.  Dividend paid out was $79.7 million in the quarter.

Zacks Rank: Currently, IHS Markit has a Zacks Rank #3 (Hold) but that could change following the company’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Check back later for our full write up on this IHS Markit earnings report later!

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