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S&P Global Inks Deal with Thomson Reuters to Boost Portfolio
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S&P Global Inc. (SPGI - Free Report) recently inked a strategic data agreement with business news provider, Thomson Reuters Corporation (TRI - Free Report) to expand its product portfolio. The collaboration is likely to benefit customers of both the companies.
According to the terms of the agreement, S&P Global Market Intelligence (a division of S&P Global) will provide transcript coverage of public as well as private companies to Thomson Reuters’ users for enhanced data analysis. This includes complete coverage of firms in the S&P 500 and other leading stock market indices.
The transcripts and events data will be delivered in a machine-readable format through its EDA (Event Driven Alerts) platform. In addition, S&P Global Market Intelligence will also deliver final transcript documents and historical events data through Xpressfeed – S&P Global's flagship feed delivery platform. The company will perform extensive quality checks for higher accuracy and timeliness for all transcript data, covering earnings conference calls, guidance/update calls, sales/trading calls, special calls, shareholder/analyst days and annual board meetings.
S&P Global started 2017 on an impressive note with impressive top line and bottom-line results. The company has outperformed the Business Information Services industry over the past three months with an average return of 8.7% compared with a gain of 3.5% for the latter. Maintaining its earnings beat streak for the 22nd straight quarter, S&P Global reported first-quarter 2017 adjusted earnings per share of $1.62, comfortably beating the Zacks Consensus Estimate of $1.40. Earnings were also up 35% compared with the year-earlier quarter tally of $1.20.
Impressive bottom-line growth came on the back of robust organic revenue growth, diligent expense control measures and strategic share repurchases. Revenues for the quarter were $1,453 million compared with $1,341 million in the year-ago quarter. The top line beat the Zacks Consensus Estimate of $1,388 million. Top-line growth was fuelled by outstanding performance of the company’s Global Ratings segment. Also, impressive performance of the S&P Dow Jones Indices business supplemented the growth.
We believe that the company’s strategic portfolio restructuring and focus on core business will continue to drive growth, going forward. This apart, strategic acquisitions and positive industry trends will likely continue benefiting the Zacks Rank #2 (Buy) stock.
CoStar Group has a healthy long-term earnings growth expectation of 17.5%. It reported a trailing four quarter average positive earnings surprise of 11.3%.
EPAM Systems has a solid long-term earnings growth expectation of 20%. It delivered a trailing four quarter average positive earnings surprise of 3.2%.
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S&P Global Inks Deal with Thomson Reuters to Boost Portfolio
S&P Global Inc. (SPGI - Free Report) recently inked a strategic data agreement with business news provider, Thomson Reuters Corporation (TRI - Free Report) to expand its product portfolio. The collaboration is likely to benefit customers of both the companies.
According to the terms of the agreement, S&P Global Market Intelligence (a division of S&P Global) will provide transcript coverage of public as well as private companies to Thomson Reuters’ users for enhanced data analysis. This includes complete coverage of firms in the S&P 500 and other leading stock market indices.
The transcripts and events data will be delivered in a machine-readable format through its EDA (Event Driven Alerts) platform. In addition, S&P Global Market Intelligence will also deliver final transcript documents and historical events data through Xpressfeed – S&P Global's flagship feed delivery platform. The company will perform extensive quality checks for higher accuracy and timeliness for all transcript data, covering earnings conference calls, guidance/update calls, sales/trading calls, special calls, shareholder/analyst days and annual board meetings.
S&P Global started 2017 on an impressive note with impressive top line and bottom-line results. The company has outperformed the Business Information Services industry over the past three months with an average return of 8.7% compared with a gain of 3.5% for the latter. Maintaining its earnings beat streak for the 22nd straight quarter, S&P Global reported first-quarter 2017 adjusted earnings per share of $1.62, comfortably beating the Zacks Consensus Estimate of $1.40. Earnings were also up 35% compared with the year-earlier quarter tally of $1.20.
Impressive bottom-line growth came on the back of robust organic revenue growth, diligent expense control measures and strategic share repurchases. Revenues for the quarter were $1,453 million compared with $1,341 million in the year-ago quarter. The top line beat the Zacks Consensus Estimate of $1,388 million. Top-line growth was fuelled by outstanding performance of the company’s Global Ratings segment. Also, impressive performance of the S&P Dow Jones Indices business supplemented the growth.
We believe that the company’s strategic portfolio restructuring and focus on core business will continue to drive growth, going forward. This apart, strategic acquisitions and positive industry trends will likely continue benefiting the Zacks Rank #2 (Buy) stock.
A couple of other top stocks in the industry include CoStar Group, Inc. (CSGP - Free Report) and EPAM Systems, Inc. (EPAM - Free Report) , both carrying a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
CoStar Group has a healthy long-term earnings growth expectation of 17.5%. It reported a trailing four quarter average positive earnings surprise of 11.3%.
EPAM Systems has a solid long-term earnings growth expectation of 20%. It delivered a trailing four quarter average positive earnings surprise of 3.2%.
Looking for Ideas with Even Greater Upside?
Today's investment ideas are short-term, directly based on our proven 1 to 3 month indicator. In addition, I invite you to consider our long-term opportunities. These rare trades look to start fast with strong Zacks Ranks, but carry through with double and triple-digit profit potential. Starting now, you can look inside our home run, value, and stocks under $10 portfolios, plus more. Click here for a peek at this private information >>