IHS Markit (INFO) Tops Q4 EPS by 2c, Beats on Revenues; Offers FY18 EPS/Revenue Mid-Point Outlook Above Consensus
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IHS Markit (NASDAQ: INFO) reported Q4 EPS of $0.52, $0.02 better than the analyst estimate of $0.50. Revenue for the quarter came in at $845 million versus the consensus estimate of $912.62 million.
Outlook (forward-looking statement)
For the year ending November 30, 2018, IHS Markit expects:
- Revenue in a range of $3.80 billion to $3.85 billion, including total organic growth of 4 percent to 5 percent;
- Adjusted EBITDA in a range of $1.500 billion to $1.525 billion; and
- Adjusted EPS in a range of $2.23 to $2.27 per diluted share.
Highlights
- Revenue of $945 million, including total organic revenue growth of 6 percent
- Net income of $105 million and diluted earnings per share (EPS) of $0.26
- Adjusted EBITDA of $366 million and Adjusted earnings per diluted share (Adjusted EPS) of $0.52
- Cash flow from operations of $243 million and free cash flow of $175 million
GUIDANCE:
IHS Markit sees FY2018 EPS of $2.23-$2.27, versus the consensus of $2.23. IHS Markit sees FY2018 revenue of $3.8-3.85 billion, versus the consensus of $3.81 billion.
For earnings history and earnings-related data on IHS Markit (INFO) click here.
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