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.
Moody’s Corporation (MCO - Free Report) is a leading provider of credit ratings, research, data & analytical tools, software solutions & related risk management services, quantitative credit assessment services, credit training services and credit process software to banks and other financial institutions. Moody's reports its businesses under two operating divisions – Moody's Investors Service (MIS), which includes all the rating agency businesses, and Moody's Analytics (MA), which includes other non-rating commercial activities.
Moody's Investors Service provides credit ratings and research covering debt instruments and securities. Revenues from MIS comprises ratings revenues from Structured Finance; Corporate Finance; Financial Institutions and Sovereign Risk; and Public, Project and Infrastructure Finance. Moody's Analytics offers solutions related to financial and risk management activities of institutions.
Zacks Rank: Currently, MCO has a Zacks Rank#3 (Hold) but that could change following its second quarter 2016 earnings report which has just released.
We have highlighted some of the key details from the just-released announcement below:
Earnings: MCO reported earnings of $1.30 per share that beat the Zacks Consensus Estimate of $1.25 and grew 1.6% year over year. The company maintained its 2016 guidance despite by uncertain macroeconomic environment but the company now expects earnings to be more on the lower side of the earlier guided range of $4.55 to $4.65.
Revenue: Revenues of $928.9 million beat Zacks Consensus Estimate of $891.1 million and grew 1.2% year over year. For full year, revenues are expected to be up in low single digits as projected earlier.
Key Stats: In the quarter, the company reported adjusted operating margin was 47.5%, compared with 48.7% reported in the year ago period.
Check back later for our full write up on this MCO earnings report later!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Moody's (MCO) Reports Better-than-Expected Q2 Earnings
Moody’s Corporation (MCO - Free Report) is a leading provider of credit ratings, research, data & analytical tools, software solutions & related risk management services, quantitative credit assessment services, credit training services and credit process software to banks and other financial institutions. Moody's reports its businesses under two operating divisions – Moody's Investors Service (MIS), which includes all the rating agency businesses, and Moody's Analytics (MA), which includes other non-rating commercial activities.
Moody's Investors Service provides credit ratings and research covering debt instruments and securities. Revenues from MIS comprises ratings revenues from Structured Finance; Corporate Finance; Financial Institutions and Sovereign Risk; and Public, Project and Infrastructure Finance. Moody's Analytics offers solutions related to financial and risk management activities of institutions.
Zacks Rank: Currently, MCO has a Zacks Rank#3 (Hold) but that could change following its second quarter 2016 earnings report which has just released.
We have highlighted some of the key details from the just-released announcement below:
Earnings: MCO reported earnings of $1.30 per share that beat the Zacks Consensus Estimate of $1.25 and grew 1.6% year over year. The company maintained its 2016 guidance despite by uncertain macroeconomic environment but the company now expects earnings to be more on the lower side of the earlier guided range of $4.55 to $4.65.
Revenue: Revenues of $928.9 million beat Zacks Consensus Estimate of $891.1 million and grew 1.2% year over year. For full year, revenues are expected to be up in low single digits as projected earlier.
Key Stats: In the quarter, the company reported adjusted operating margin was 47.5%, compared with 48.7% reported in the year ago period.
Check back later for our full write up on this MCO earnings report later!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>