Financial intelligence company S&P Global (NYSE: SPGI) will be reporting results this Tuesday before the bell. Here’s what to look for.
S&P Global met analysts’ revenue expectations last quarter, reporting revenues of $3.92 billion, up 9% year on year. It was a slower quarter for the company, with full-year EPS guidance missing analysts’ expectations significantly and a miss of analysts’ EPS estimates.
Is S&P Global a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting S&P Global’s revenue to grow 3.7% year on year, slowing from the 8.2% increase it recorded in the same quarter last year.
Heading into earnings, analysts covering the company have grown increasingly bullish with revenue estimates seeing in majority upward revisions over the last 30 days. S&P Global has a history of exceeding Wall Street’s expectations.
Looking at S&P Global’s peers in the financial exchanges & data segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Nasdaq delivered year-on-year revenue growth of 13.7%, beating analysts’ expectations by 2.2%, and MSCI reported revenues up 14.1%, topping estimates by 1.4%. Nasdaq traded up 3.7% following the results while MSCI was also up 7.2%.
Read our full analysis of Nasdaq’s results here and MSCI’s results here.
There has been positive sentiment among investors in the financial exchanges & data segment, with share prices up 11.9% on average over the last month. S&P Global is up 4.4% during the same time and is heading into earnings with an average analyst price target of $534.05 (compared to the current share price of $436.08).
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