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Stay Ahead of the Game With S&P Global (SPGI) Q3 Earnings: Wall Street's Insights on Key Metrics
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Wall Street analysts forecast that S&P Global (SPGI - Free Report) will report quarterly earnings of $4.43 per share in its upcoming release, pointing to a year-over-year decline of 6.3%. It is anticipated that revenues will amount to $3.64 billion, exhibiting a decrease of 6.4% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has been revised 1.1% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
With that in mind, let's delve into the average projections of some S&P Global metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts expect 'Total revenue- Ratings' to come in at $1.25 billion. The estimate points to a change of +1.2% from the year-ago quarter.
According to the collective judgment of analysts, 'Total revenue- Indices' should come in at $546.73 million. The estimate indicates a change of +18.3% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Total revenue- Market Intelligence' of $1.27 billion. The estimate indicates a year-over-year change of +2.4%.
Based on the collective assessment of analysts, 'Revenue by Type- Non-transaction Revenue' should arrive at $597.74 million. The estimate indicates a change of +14.7% from the prior-year quarter.
Analysts forecast 'Revenue by Type- Non-subscription / Transaction' to reach $647.96 million. The estimate indicates a change of -20.2% from the prior-year quarter.
The combined assessment of analysts suggests that 'Adjusted Operating Profit- Market Intelligence' will likely reach $454.12 million. The estimate is in contrast to the year-ago figure of $440.00 million.
The consensus estimate for 'Adjusted Operating Profit- Ratings' stands at $837.35 million. The estimate compares to the year-ago value of $832.00 million.
Analysts' assessment points toward 'Adjusted Operating Profit- Indices' reaching $381.32 million. Compared to the present estimate, the company reported $328.00 million in the same quarter last year.
S&P Global shares have witnessed a change of +9% in the past month, in contrast to the Zacks S&P 500 composite's no move. With a Zacks Rank #3 (Hold), SPGI is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Stay Ahead of the Game With S&P Global (SPGI) Q3 Earnings: Wall Street's Insights on Key Metrics
Wall Street analysts forecast that S&P Global (SPGI - Free Report) will report quarterly earnings of $4.43 per share in its upcoming release, pointing to a year-over-year decline of 6.3%. It is anticipated that revenues will amount to $3.64 billion, exhibiting a decrease of 6.4% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has been revised 1.1% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
With that in mind, let's delve into the average projections of some S&P Global metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts expect 'Total revenue- Ratings' to come in at $1.25 billion. The estimate points to a change of +1.2% from the year-ago quarter.
According to the collective judgment of analysts, 'Total revenue- Indices' should come in at $546.73 million. The estimate indicates a change of +18.3% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Total revenue- Market Intelligence' of $1.27 billion. The estimate indicates a year-over-year change of +2.4%.
Based on the collective assessment of analysts, 'Revenue by Type- Non-transaction Revenue' should arrive at $597.74 million. The estimate indicates a change of +14.7% from the prior-year quarter.
Analysts forecast 'Revenue by Type- Non-subscription / Transaction' to reach $647.96 million. The estimate indicates a change of -20.2% from the prior-year quarter.
The combined assessment of analysts suggests that 'Adjusted Operating Profit- Market Intelligence' will likely reach $454.12 million. The estimate is in contrast to the year-ago figure of $440.00 million.
The consensus estimate for 'Adjusted Operating Profit- Ratings' stands at $837.35 million. The estimate compares to the year-ago value of $832.00 million.
Analysts' assessment points toward 'Adjusted Operating Profit- Indices' reaching $381.32 million. Compared to the present estimate, the company reported $328.00 million in the same quarter last year.
View all Key Company Metrics for S&P Global here>>>S&P Global shares have witnessed a change of +9% in the past month, in contrast to the Zacks S&P 500 composite's no move. With a Zacks Rank #3 (Hold), SPGI is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .