We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
SPGI has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in three of the four trailing quarters and matching on one instance. The average surprise is 3.9%.
Q3 Expectations
The Zacks Consensus Estimate for the top line is currently pegged at $3.02 billion, up 5.6% from the year-ago actual figure. The expected growth is likely to have been driven by improved segmental performance.
The consensus estimate for earnings per share is pegged at $3.05, up 4.1% year over year. The increase can be attributed to the likely disciplined expense management.
Segmental Expectations
Our estimate for Marketing Intelligence revenues for third-quarter 2023 is pegged at $1.06 billion, indicating a 4.5% increase from the year-ago reported figure. The estimate for Ratings revenues for third-quarter 2023 is pegged at $805.3 million, indicating 18.3% growth from the year-ago reported figure.
Our estimate for Indices revenues is pegged at $341.3 million, indicating 2.9% growth from the year-ago figure. Commodity Insights revenue estimate is pegged at $424.9 million, indicating a 1.6% decline from the year-ago figure and our estimate for Mobility revenues indicates a 10.7% increase from the year-ago reported figure to $383.2 million. We expect adjusted EBITDA for the to-be-reported quarter to be $1.67 billion, up 3.4% from the year -go figure. The adjusted EBITDA margin is expected to be 55.7%, down from the year-ago figure of 56.5%.
What Our Model Says
Our proven model predicts an earnings beat for SPGI 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. You can uncover the best stocks before they’re reported with our Earnings ESP Filter.
SPGI has an Earnings ESP of +0.07% and a Zacks Rank of 3.
Stocks to Consider
Here are a few stocks from the broader Business Servicessector, which according to our model, have the right combination of elements to beat on earnings this season.
The company’s revenues are expected to increase 8.2% from the year-ago figure and the bottom line is expected to indicate a 6.3% decline from the prior-year figure.
APTV has beaten the Zacks Consensus Estimate in all four quarters, with an average surprise of 13.4%. The company has an Earnings ESP of +4.94%. APTV is expected to release its third-quarter earnings on Nov 2.
Gartner (IT - Free Report) holds a Zacks Rank of 3 and has beat the Zacks Consensus Estimate in all four quarters, with an average surprise of 32.6%. The company’s revenues are expected to increase 4.5% from the year-ago figure while the bottom line is expected to decline 22.8% from the prior- year figure.
IT has an Earnings ESP of +4.30%. The company is scheduled to release its third-quarter earnings on Nov 3.
Trane Technologies (TT - Free Report) : The company’s revenues and bottom line are expected to indicate growth of 9.4% and 17.2%, respectively, from the year-ago figure.
TT has beaten the Zacks Consensus Estimate in all four quarters, with an average surprise of 7.3%. The company has an Earnings ESP of +0.54% and a Zacks Rank of 2. TT is expected to release its third-quarter earnings on Nov 1.
Image: Bigstock
S&P Global (SPGI) to Report Q3 Earnings: Here's What to Expect
S&P Global Inc. (SPGI - Free Report) is scheduled to release its third-quarter 2023 results on Nov 2, before market open.
SPGI has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in three of the four trailing quarters and matching on one instance. The average surprise is 3.9%.
Q3 Expectations
The Zacks Consensus Estimate for the top line is currently pegged at $3.02 billion, up 5.6% from the year-ago actual figure. The expected growth is likely to have been driven by improved segmental performance.
S&P Global Inc. Price and EPS Surprise
S&P Global Inc. price-eps-surprise | S&P Global Inc. Quote
The consensus estimate for earnings per share is pegged at $3.05, up 4.1% year over year. The increase can be attributed to the likely disciplined expense management.
Segmental Expectations
Our estimate for Marketing Intelligence revenues for third-quarter 2023 is pegged at $1.06 billion, indicating a 4.5% increase from the year-ago reported figure. The estimate for Ratings revenues for third-quarter 2023 is pegged at $805.3 million, indicating 18.3% growth from the year-ago reported figure.
Our estimate for Indices revenues is pegged at $341.3 million, indicating 2.9% growth from the year-ago figure. Commodity Insights revenue estimate is pegged at $424.9 million, indicating a 1.6% decline from the year-ago figure and our estimate for Mobility revenues indicates a 10.7% increase from the year-ago reported figure to $383.2 million. We expect adjusted EBITDA for the to-be-reported quarter to be $1.67 billion, up 3.4% from the year -go figure. The adjusted EBITDA margin is expected to be 55.7%, down from the year-ago figure of 56.5%.
What Our Model Says
Our proven model predicts an earnings beat for SPGI 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. You can uncover the best stocks before they’re reported with our Earnings ESP Filter.
SPGI has an Earnings ESP of +0.07% and a Zacks Rank of 3.
Stocks to Consider
Here are a few stocks from the broader Business Servicessector, which according to our model, have the right combination of elements to beat on earnings this season.
Aptiv (APTV - Free Report) currently has a Zacks Rank of 3. You can see the complete list of today’s Zacks #1 Rank stocks here.
The company’s revenues are expected to increase 8.2% from the year-ago figure and the bottom line is expected to indicate a 6.3% decline from the prior-year figure.
APTV has beaten the Zacks Consensus Estimate in all four quarters, with an average surprise of 13.4%. The company has an Earnings ESP of +4.94%. APTV is expected to release its third-quarter earnings on Nov 2.
Gartner (IT - Free Report) holds a Zacks Rank of 3 and has beat the Zacks Consensus Estimate in all four quarters, with an average surprise of 32.6%. The company’s revenues are expected to increase 4.5% from the year-ago figure while the bottom line is expected to decline 22.8% from the prior- year figure.
IT has an Earnings ESP of +4.30%. The company is scheduled to release its third-quarter earnings on Nov 3.
Trane Technologies (TT - Free Report) : The company’s revenues and bottom line are expected to indicate growth of 9.4% and 17.2%, respectively, from the year-ago figure.
TT has beaten the Zacks Consensus Estimate in all four quarters, with an average surprise of 7.3%. The company has an Earnings ESP of +0.54% and a Zacks Rank of 2. TT is expected to release its third-quarter earnings on Nov 1.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.