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Moody's Corp. (MCO)
NYSE:MCO
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Earnings Data
Report Date
Feb 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$2.28Last Year’s EPS
$2.19Same Quarter Last Year
Moderate Buy
Based on 14 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 22, 2024
|% Change Since: -4.06%
|Next Earnings Date:Feb 13, 2025
Earnings Call Sentiment|Positive
Moody's third quarter results were strong, with record revenue and significant growth in the ratings business. The successful integration of RMS and recognition in RiskTech100 highlight ongoing achievements. However, challenges such as slower ARR growth in certain segments and increased incentive compensation present areas to watch. Although a potential issuance decline is expected in Q4, the overall performance and future outlook suggest strength.Company Guidance
During the Moody's Corporation Q3 2024 earnings call, guidance was provided for several key metrics. The company reported a 23% increase in revenue and a 32% growth in adjusted diluted EPS. The adjusted operating margin was approximately 48%, with the ratings business seeing a 41% revenue increase. Moody's Analytics (MA) reported 7% revenue growth and a 9% increase in both Annualized Recurring Revenue (ARR) and recurring revenue. Customer retention year-to-date stood at 93%, and the adjusted operating margin for MA was 30.3%. The company raised its full-year guidance for adjusted diluted EPS to a range of $11.90 to $12.10, reflecting a 21% increase. Moody's also adjusted its global issuance growth expectations to the mid-30s percentage range, resulting in a high 20s revenue growth forecast for the ratings segment. Free cash flow guidance was updated to approximately $2.3 billion, and the overall revenue was expected to grow in the high teens percentage range.Record Third Quarter Revenue
Moody's delivered the highest third quarter revenue in its history, with a 23% increase compared to the previous year, driven by strong growth across revenue and profitability metrics.
Strong Ratings Business Performance
The ratings business saw a remarkable 41% increase in revenue versus the prior year period, with transactional revenue up 70%, outpacing global rated issuance growth of 51%.
Adjusted Operating Margin Expansion
Moody's achieved an adjusted operating margin of approximately 48%, with the ratings segment contributing a 320 basis points improvement in total company adjusted operating margin.
Moody's Analytics Recurring Revenue Growth
Moody's Analytics delivered 7% overall revenue growth and 9% growth for both ARR and recurring revenue, with a retention rate of 93%.
Recognition in RiskTech100
Moody's achieved its third consecutive #1 ranking in the Chartis RiskTech100, leading in 12 categories, showcasing the strength of its solutions and competitive positioning.
RMS Integration Success
RMS is now fully integrated, showing improved growth and operating at MA-like margins, with expanded customer base and capabilities.
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MCO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MCO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 22, 2024 | $486.09 | $466.90 | -3.95% |
| Jul 23, 2024 | $448.74 | $450.26 | +0.34% |
| May 02, 2024 | $370.78 | $374.27 | +0.94% |
| Feb 13, 2024 | $397.92 | $366.31 | -7.94% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Moody's Corp. (MCO) report earnings?
Moody's Corp. (MCO) is schdueled to report earning on Feb 13, 2025, TBA Not Confirmed.
What is Moody's Corp. (MCO) earnings time?
Moody's Corp. (MCO) earnings time is at Feb 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MCO EPS forecast?
MCO EPS forecast for the fiscal quarter 2024 (Q4) is $2.28.
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