IHS Markit (INFO) Tops Q3 EPS by 4c, Beats on Revenues; FY17 EPS/Revenue Outlook Mid-Points Below Consensus

IHS Markit (NASDAQ: INFO) reported Q3 EPS of $0.57, $0.04 better than the analyst estimate of $0.53. Revenue for the quarter came in at $904.7 million versus the consensus estimate of $890.62 million.

Outlook (forward-looking statement)

For the year ending November 30, 2017, IHS Markit expects:

• Revenue trending at the high end of the range of $3.490 billion to $3.560 billion, including total organic growth of 3 percent to 4 percent;
• Adjusted EBITDA trending at the low- to mid-point of the range of $1.375 billion to $1.400 billion; and
• Adjusted EPS trending at the mid-point of the range of $2.02 to $2.08 per diluted share.

GUIDANCE:

IHS Markit sees FY2017 EPS of $2.02-$2.08, versus the consensus of $2.06. IHS Markit sees FY2017 revenue of $3.49-3.56 billion, versus the consensus of $3.55 billion.

Highlights

• Revenue of $905 million, including total organic revenue growth of 5 percent and normalized organic revenue growth of 4 percent
• Net income of $147 million and diluted earnings per share (EPS) of $0.35
• Adjusted EBITDA of $351 million and Adjusted earnings per diluted share (Adjusted EPS) of $0.57
• Cash flow from operations of $267 million and free cash flow of $206 million

For earnings history and earnings-related data on IHS Markit (INFO) click here.

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