MSCI (MSCI) Tops Q4 EPS by 4c
MSCI (NYSE: MSCI) reported Q4 EPS of $2.51, $0.04 better than the analyst estimate of $2.47. Revenue for the quarter came in at $549.8 million versus the consensus estimate of $538.26 million.
Full-Year 2022 Guidance
MSCI's guidance for the year ending December 31, 2022 (“Full-Year 2022”) 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 ongoing COVID-19 pandemic.
Guidance Item | Current Guidance for Full-Year 2022 |
Operating Expense | $1,075 to $1,115 million |
Adjusted EBITDA Expense | $975 to $1,005 million |
Interest Expense (including amortization of financing fees)(1) | ~$162 million |
Depreciation & Amortization Expense | $100 to $110 million |
Effective Tax Rate | 15.5% to 18.5% |
Capital Expenditures | $60 to $70 million |
Net Cash Provided by Operating Activities | $1,120 to $1,160 million |
Free Cash Flow | $1,050 to $1,100 million |
(1) Interest income will continue to be impacted by the lower rates available on cash balances. | |
The guidance provided above assumes, among other things, that MSCI maintains its current debt levels. On January 26, 2022, the MSCI Board of Directors authorized management to opportunistically explore financing options that would increase the Company's leverage ratio and interest expense. Any potential financing is subject to market and other conditions, and there can be no assurance as to the timing or certainty of a transaction.
For earnings history and earnings-related data on MSCI (MSCI) click here.