S&P Global, Inc. (SPGI - Free Report) formerly known as McGraw-Hill Financial, is the provider of financial information, and the owner of one of the top credit rating agencies (Standard & Poor’s). The company now primarily focuses on capital and commodities markets and includes iconic brands like S&P Ratings, S&P Capital IQ, S&P Indices and Platts.
SPGI has an outstanding earnings track record, and has delivered an average positive earnings surprise of 9.15% in the last four trailing quarters, beating estimates all through.
Currently, SPGI carries a Zacks Rank #2 (Buy), which is subject to change following the second-quarter 2017 earnings announcement. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
Earnings: Earnings beat. SPGI reported adjusted earnings per share (EPS) of $1.72 in second-quarter 2017, which beat the Zacks Consensus Estimate called for EPS of $1.57.
Revenues: Revenues beat. SPGI posted net sales of $1,509 million during the quarter, above the Zacks Consensus Estimate of $1,447 million.
Key Stats to Note: Concurrent with the earnings release, the company hiked its full-year 2017 EPS guidance. It currently expects adjusted EPS to be in the range of $6.15 to $6.30 from the earlier $6.00 to $6.20. On a GAAP basis, EPS is expected to be in the range $5.83 to $5.98 from the earlier expected rage of $5.72 −$5.92.
Stock Price: SPGI shares were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on S&P Global’s earnings report!
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