Moody's Corp. (MCO) Tops Q4 EPS by 7c; Offers FY20 EPS Mid-Point Guidance Above Consensus
Get Alerts MCO Hot Sheet
Revenue Growth %: +15.0%
Financial Fact:
Revenue: 917.1M
Today's EPS Names:
FRSB, DGICA, UXIN, More
Join SI Premium – FREE
Moody's Corp. (NYSE: MCO) reported Q4 EPS of $2.00, $0.07 better than the analyst estimate of $1.93. Revenue for the quarter came in at $1.2 billion versus the consensus estimate of $1.21 billion.
- Moody's Corporation 4Q19 revenue of $1.2 billion up 16% from 4Q18; FY 2019 revenue of $4.8 billion up 9% from FY 2018
- 4Q19 diluted EPS of $1.88 up 46% from 4Q18; 4Q19 adjusted diluted EPS of $2.00 up 23%1
- FY 2019 diluted EPS of $7.42 up 10% from FY 2018; FY 2019 adjusted diluted EPS of $8.29 up 12%1
"Moody's revenue growth for full year 2019 was the result of strong contributions from both Moody's Analytics and Moody's Investors Service. Robust performance at Moody's Analytics was driven by increasing customer demand for core research and data products, along with compliance and know-your-customer solutions. Additionally, Moody's Investors Service benefited from increased global bond issuance amid generally favorable market conditions," said Raymond McDaniel, President and Chief Executive Officer of Moody's. "For 2020, we expect to continue leveraging the capabilities of our core businesses, further innovate with new technologies and capitalize on strategic investments, such as our recently announced acquisition of Regulatory DataCorp."
GUIDANCE:
Moody's Corp. sees FY2020 EPS of $9.10-$9.30, versus the consensus of $9.12.
For earnings history and earnings-related data on Moody's Corp. (MCO) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Gilead Sciences (GILD) Misses Q1 EPS by 288c
- Atlassian (TEAM) comes ahead of Street estimates in Q1 but shares tumble
- COPT Defense Properties (CDP) Reports In-Line Q1 EPS; offers guidance
Create E-mail Alert Related Categories
Corporate News, Earnings, Guidance, Hot Guidance, Management CommentsRelated Entities
Moody's Investors Service, Earnings, Definitive AgreementSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!