MSCI (MSCI) Tops Q1 EPS by 22c, Offers Guidance

MSCI (NYSE: MSCI) reported Q1 EPS of $1.90, $0.22 better than the analyst estimate of $1.68. Revenue for the quarter came in at $416.8 million versus the consensus estimate of $416.08 million.

Full-Year 2020 Guidance:

MSCI's guidance for 2020 is based on assumptions about a number of macroeconomic and capital market factors, in particular related to equity markets. These assumptions are subject to uncertainty, and actual results for the year could differ materially from our current guidance, including as a result of ongoing uncertainty related to the duration, magnitude and impact of the COVID-19 pandemic.

• Operating expense is expected to be in the range of $790 million to $840 million (revised).
• Adjusted EBITDA expense is expected to be in the range of $700 million to $750 million (revised).
• Interest expense, including the amortization of financing fees, is expected to be approximately $158 million.
• Depreciation and amortization expense is expected to be approximately $90 million.
• The effective tax rate is expected to be in the range of 18% to 21% (revised).
• Capex is expected to be in the range of $50 million to $60 million (revised).
• Net cash provided by operating activities and free cash flow are expected to be in the ranges of $600 million to $650 million and $540 million to $600 million, respectively (revised).

For earnings history and earnings-related data on MSCI (MSCI) click here.

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