Bulletin
Investor Alert

Market Pulse Archives

Feb. 12, 2021, 7:17 a.m. EST

Moody's stock gains after profit misses, but revenue rises above forecasts

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Moody's Corp. (MCO)
  • X
    S&P 500 Index (SPX)

or Cancel Already have a watchlist? Log In

By Tomi Kilgore

Shares of Moody's Corp. /zigman2/quotes/202808835/composite MCO +0.38% gained 0.5% in premarket trading Friday, after the risk assessment company reported a fourth-quarter profit that missed expectations, but revenue that rose above forecasts while providing an upbeat outlook. Net income fell to $314 million, or $1.66 a share, from $359 million, or $1.88 a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share declined 5% to $1.91, below the FactSet consensus of $1.95. Revenue increased 4.6% to $1.29 billion, beating the FactSet consensus of $1.22 billion. MIS revenue rose 2% to $735 million, above the FactSet consensus of $687.5 million, and Moody's Analytics revenue grew 8% to $555 million to top expectations of $540.5 million. For 2021, the company expects adjusted EPS of $10.30 to $10.70, compared with expectations of $10.34. "We project 2021 revenue growth in the mid-single-digit percent range with strong growth in Moody's Analytics offsetting expectations for a modest decline in global debt issuance," said Chief Executive Robert Fauber. The current FactSet revenue consensus of $5.41 billion implies 0.8% growth from 2020 revenue of $5.37 billion. The stock has gained 0.8% over the past three months through Thursday, while the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.77% has advanced 10.7%.

/zigman2/quotes/202808835/composite
US : U.S.: NYSE
$ 314.29
+1.19 +0.38%
Volume: 551,684
April 9, 2021 4:03p
P/E Ratio
33.46
Dividend Yield
0.79%
Market Cap
$58.82 billion
Rev. per Employee
$467,450
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
4,128.80
+31.63 +0.77%
Volume: 1.88B
April 9, 2021 5:15p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.