BMO Capital Comments on Moody's Corp (MCO)

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Go back to BMO Capital Comments on Moody's Corp (MCO)

Moody's tops quarterly profit estimates on strong product demand

May 2, 2024 8:17 AM EDT

(Reuters) - Moody's on Thursday beat Wall Street estimates for first-quarter profit, helped by demand for its research and analytics products.

The New York-based company recorded robust sales of its products including CreditView.

WHY IT'S IMPORTANT

With growing expectations of the U.S. avoiding a recession, investors... More

Moody's Corp. (MCO) Tops Q1 EPS by 38c, provides guidance

May 2, 2024 7:06 AM EDT

Moody's Corp. (NYSE: MCO) reported Q1 EPS of $3.37, $0.38 better than the analyst estimate of $2.99. Revenue for the quarter came in at $1.8 billion versus the consensus estimate of $1.69 billion.

GUIDANCE:

Moody's Corp. sees FY2024 EPS of $10.40-$11.00, versus the consensus of... More