Moody's Results Beat Expectations in Q1

Motley Fool05-07

Moody's reported significant beats on EPS and revenue, with particularly strong performance from its Investor Service segment. Management boosted the bottom end of its 2024 EPS guidance range. ...

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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMoody's Results Beat Expectations in Q1\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-07 03:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/data-news/2024/05/06/moodys-results-beat-expectations-in-q1/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Moody's reported significant beats on EPS and revenue, with particularly strong performance from its Investor Service segment.\n\n\n\n\n\n\n\nManagement boosted the bottom end of its 2024 EPS guidance range.\n...</p>\n\n<a href=\"https://www.fool.com/data-news/2024/05/06/moodys-results-beat-expectations-in-q1/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://www.fool.com/data-news/2024/05/06/moodys-results-beat-expectations-in-q1/","article_id":"2433680284","we_media_id":null,"thumbnails":["https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F775703%2Fcredit-rating-credit-score.jpg&op=resize&w=165&h=104"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2433680284","pubTimestamp":1715022180,"sourceInfo":{"source_id":"fool_stock","name":"Motley Fool"},"weMediaInfo":null,"summary":"The financial services company grew its top and bottom lines by double-digit percentages.","collect":0,"end_time":0,"defaultTopTitle":"fool.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4588":"碎股","MCO":"穆迪","BK4585":"ETF&股票定投概念","BK4559":"巴菲特持仓","BK4112":"金融交易所和数据","BK4548":"巴美列捷福持仓","SG9999001077.SGD":"United International Growth Fund SGD","LU0390134368.USD":"FRANKLIN GLOBAL GROWTH \"A\" (USD) ACC"},"translate_title":"穆迪在Q1的业绩超出预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MCO":1},"content_text":"Moody's reported significant beats on EPS and revenue, with particularly strong performance from its Investor Service segment.\n\n\n\n\n\n\n\nManagement boosted the bottom end of its 2024 EPS guidance range.\n\nMoody's (MCO 1.03%) delivered robust first-quarter results on May 2. The global credit ratings and risk analysis powerhouse posted adjusted diluted earnings per share (EPS) of $3.37, surpassing analysts' expectations by nearly 12%, and reported revenue of $1.79 billion, a 21.5% increase from the previous year and ahead of estimates.MetricQ1 2024Q1 2024 Analyst EstimateQ1 2023% ChangeRevenue$1.79 billion$1.7 billion$1.47 billion21.5%Adjusted EPS$3.37$3.01$2.9912.7%Moody's Investors Service revenue$987 millionN/A$733 million34.7%Moody's Analytics revenue$799 millionN/A$737 million8.4%Data sources: Company results from company. Analyst estimates from FactSet.Moody's in focusThough most investors will likely think of Moody's first as a credit ratings business, it does far more than that. It is a comprehensive analytics company that delves into risk assessment across various sectors, leveraging its broad data capabilities to serve diverse client needs. The Moody's Analytics segment enjoys steady demand for its Know Your Customer solutions and data analytics, underpinned by technological advancements including AI integration. Its Investors Service continues to benefit from favorable market conditions, allowing it to produce impressive revenue growth, particularly from corporate finance and structured finance.First-quarter highlightsThe quarter was marked by a notable uplift in Investors Service segment revenue, propelled by strong market conditions that boosted issuance activity across multiple asset classes. Moody's Analytics, meanwhile, saw demand surge for its Know Your Customer and data analytics solutions. The financial landscape's evolution points to a promising year ahead for the company.Moody's adept cost management strategies, paired with its knack for capturing flourishing market demand, were brightly highlighted in this quarter's results. Additionally, its commitment to shareholder returns, demonstrated through dividends and share repurchases, speaks volumes about its financial health and management's optimistic outlook.Looking aheadMoody's sharpened its 2024 EPS guidance to a range of $10.40 to $11 from the prior range of $10.25 to $11. Investors should keep a keen eye on its efforts to harness AI and other technological advancements, which could become significant growth drivers if successful.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2433680284"}