IHS Markit (INFO) Tops Q1 EPS by 3c, Beats on Revenues; Offers FY18 EPS Mid-Point Guidance Below Consensus; FY18 Revenue Outlook In-Line

Note: May not be comparable

IHS Markit (NASDAQ: INFO) reported Q1 EPS of $0.53, $0.03 better than the analyst estimate of $0.50. Revenue for the quarter came in at $932 million versus the consensus estimate of $906.96 million.

• Revenue of $932 million, including total revenue growth of 10 percent and total organic revenue growth of 6 percent
• Net income of $241 million and diluted earnings per share (EPS) of $0.59
• Adjusted EBITDA of $359 million and Adjusted earnings per diluted share (Adjusted EPS) of $0.53
• Cash flow from operations of $203 million and free cash flow of $148 million

Outlook (forward-looking statement)

For the year ending November 30, 2018, IHS Markit expects:

• Revenue in a range of $3.825 billion to $3.875 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.

GUIDANCE:

IHS Markit sees Q2 2018 EPS of $2.23-$2.27, versus the consensus of $2.26. IHS Markit sees Q2 2018 revenue of $3.825-3.875 Billion, versus the consensus of $3.85 billion.

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

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