S&P Global, Inc. (SPGI Quick QuoteSPGI - Free Report) came out with third-quarter 2016 results, wherein adjusted earnings of $1.43 per share beat the Zacks Consensus Estimate of $1.35, and surged 17% from the year-ago quarter.

Management now projects 2016 earnings in the band of $5.15 to $5.25 per share. The current Zacks Consensus Estimate for the full year is $5.22, which could witness an uptrend in the coming days.

Earnings Estimate Revision: The Zacks Consensus Estimate for 2016 has been portraying an uptrend in the last 30 days. If we look at S&P Global’s performance in the trailing four quarters (excluding the quarter under review), it had outperformed the Zacks Consensus Estimate by an average of 6.7%.

Revenues: S&P Global generated revenue of $1,439 million that increased 9% year over year and came ahead of the Zacks Consensus Estimate of $1,416 million. Top-line growth was supported by healthy performances across S&P Global Ratings (up 9%), S&P Global Market Intelligence (up 21%), S&P Dow Jones Indices (up 6%), partially offset by S&P Global Platts (down 8%).

Zacks Rank: Currently, S&P Global carries a Zacks Rank #2 (Buy), which is subject to change following the earnings announcement. 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 S&P Global’s earnings report!

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