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MSCI Inc (MSCI)
NYSE:MSCI
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Earnings Data
Report Date
Feb 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$3.96Last Year’s EPS
$3.68Same Quarter Last Year
Strong Buy
Based on 15 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 29, 2024
|% Change Since: 1.16%
|Next Earnings Date:Feb 04, 2025
Earnings Call Sentiment|Neutral
MSCI reported strong financial and operational metrics, including record asset-based fee revenue growth and robust share repurchases. However, challenges remain with subdued ESG and Climate sales and pressures in active asset management impacting new sales. Despite these issues, the company sees long-term growth opportunities in its diverse product offerings.Company Guidance
During the MSCI Q3 2024 earnings call, the company provided guidance that highlighted significant financial achievements and operational metrics. MSCI reported a total revenue growth of 16%, adjusted earnings per share growth of 12%, and a 46% increase in free cash flow. The company executed share repurchases totaling $199 million in the quarter, bringing the year-to-date total to $440 million. Operationally, MSCI saw asset-based fee revenue growth of nearly 20%, subscription run rate growth of 15%, and maintained a retention rate of 94%. The Index and Analytics segments noted recurring subscription sales growth of 5% and 11%, respectively. Despite headwinds in the ESG and Climate segment, which saw a decrease in net new recurring sales, MSCI remains confident in the long-term secular trends driving these areas. The company anticipates being at the higher end of its expense guidance range for 2024, with an increased free cash flow guidance by $80 million, primarily due to strong cash collections and tax timing benefits.Strong Financial Performance
Achieved total revenue growth of 16%, adjusted earnings per share growth of 12%, and free cash flow growth of 46%.
Record Asset-Based Fee Revenue
Delivered asset-based fee revenue growth of nearly 20%, driven by record AUM balances in both ETF and non-ETF products linked to MSCI indices.
Significant Share Repurchases
Repurchased $199 million worth of MSCI shares in Q3, bringing total repurchases for the year to $440 million.
Strong Retention Rates
Retention rate of 94% overall, with asset managers at 96% and wealth managers over 97%.
Growth in Wealth Manager Technology Platform
Achieved direct indexing run rate growth of 22% and continued robust client engagement for analytics via MSCI wealth manager technology platform.
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MSCI 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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MSCI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 29, 2024 | $593.70 | $577.40 | -2.75% |
| Jul 23, 2024 | $503.25 | $543.02 | +7.90% |
| Apr 23, 2024 | $510.68 | $442.11 | -13.43% |
| Jan 30, 2024 | $544.62 | $595.32 | +9.31% |
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 MSCI Inc (MSCI) report earnings?
MSCI Inc (MSCI) is schdueled to report earning on Feb 04, 2025, TBA Not Confirmed.
What is MSCI Inc (MSCI) earnings time?
MSCI Inc (MSCI) earnings time is at Feb 04, 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 MSCI EPS forecast?
MSCI EPS forecast for the fiscal quarter 2024 (Q4) is $3.96.
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