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The Zacks Consensus Estimate for S&P Global’s third-quarter 2022 revenues stands at $2.91 billion, indicating growth of 39.4% from the year-ago period’s reported figure.
Segment wise, Market Intelligence revenues are expected to have gained from growth in Credit & Risk Solutions. Commodity Insights revenues are expected to have been driven by the inclusion of IHS Markit, Price Assessments, strong growth in Advisory & Transactional Services, and Energy & Resources Data & Insights. Indices revenues are likely to have been aided by strength across Data & Custom Subscriptions and exchange-traded derivative activity.
However, Ratings revenues are likely to have been hurt by less strength in transaction revenues (due to the exceptionally soft issuance environment). Transaction revenues are likely to have been affected by a decrease in debt issuance across all categories. Non-transaction revenues are expected to have been dented by lower Issuer Credit Rating revenues and an unfavorable foreign exchange.
Rising expenses are likely to have weighed on S&P Global’s earnings, the Zacks Consensus Estimate for which is pegged at $2.78 per share, indicating a decline of 21.5% from the year-ago period’s reported figure.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for S&P Global this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that is not the case here as elaborated below. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
Here are a few stocks from the broader Zacks Business Services sector that investors may consider, as our model shows that these have the right combination of elements to beat on earnings this season:
Gartner, Inc. (IT - Free Report) has an Earnings ESP of +1.89% and a Zacks Rank #3.
IT has an expected revenue growth rate of 13.7% and 10.3% for the current and next year, respectively. Gartner has a trailing four-quarter earnings surprise of 25.3%, on average.
Trane Technologies plc (TT - Free Report) has an Earnings ESP of +2.09% and a Zacks Rank of 3.
Trane Technologies has an expected earnings growth rate of 16.3% for the current year. TT has a trailing four-quarter earnings surprise of 3.9%, on average.
Riot Blockchain (RIOT - Free Report) has an Earnings ESP of +125.49% and is Zacks #3 Ranked.
Riot has an expected revenue growth rate of 41.2% for the current year and 69.1% for next year.
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What's in the Cards for S&P Global (SPGI) in Q3 Earnings?
S&P Global Inc. (SPGI - Free Report) is scheduled to release third-quarter 2022 results on Oct 27, before market open.
Q3 Expectations
The Zacks Consensus Estimate for S&P Global’s third-quarter 2022 revenues stands at $2.91 billion, indicating growth of 39.4% from the year-ago period’s reported figure.
Segment wise, Market Intelligence revenues are expected to have gained from growth in Credit & Risk Solutions. Commodity Insights revenues are expected to have been driven by the inclusion of IHS Markit, Price Assessments, strong growth in Advisory & Transactional Services, and Energy & Resources Data & Insights. Indices revenues are likely to have been aided by strength across Data & Custom Subscriptions and exchange-traded derivative activity.
However, Ratings revenues are likely to have been hurt by less strength in transaction revenues (due to the exceptionally soft issuance environment). Transaction revenues are likely to have been affected by a decrease in debt issuance across all categories. Non-transaction revenues are expected to have been dented by lower Issuer Credit Rating revenues and an unfavorable foreign exchange.
S&P Global Inc. Price and EPS Surprise
S&P Global Inc. price-eps-surprise | S&P Global Inc. Quote
Rising expenses are likely to have weighed on S&P Global’s earnings, the Zacks Consensus Estimate for which is pegged at $2.78 per share, indicating a decline of 21.5% from the year-ago period’s reported figure.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for S&P Global this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that is not the case here as elaborated below. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
S&P Global has an Earnings ESP of -1.51% and a Zacks Rank #4 (Sell). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Stocks to Consider
Here are a few stocks from the broader Zacks Business Services sector that investors may consider, as our model shows that these have the right combination of elements to beat on earnings this season:
Gartner, Inc. (IT - Free Report) has an Earnings ESP of +1.89% and a Zacks Rank #3.
IT has an expected revenue growth rate of 13.7% and 10.3% for the current and next year, respectively. Gartner has a trailing four-quarter earnings surprise of 25.3%, on average.
Trane Technologies plc (TT - Free Report) has an Earnings ESP of +2.09% and a Zacks Rank of 3.
Trane Technologies has an expected earnings growth rate of 16.3% for the current year. TT has a trailing four-quarter earnings surprise of 3.9%, on average.
Riot Blockchain (RIOT - Free Report) has an Earnings ESP of +125.49% and is Zacks #3 Ranked.
Riot has an expected revenue growth rate of 41.2% for the current year and 69.1% for next year.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.