- SPGI raised its FY Pro Forma Adjusted EPS forecast to $14.35-$14.60 from $13.85-$14.10.
- The revenue growth outlook was increased to 8%-10%, up from 6%-8%.
- Second quarter Adjusted EPS was reported at $4.04, beating the estimate of $3.65.
- Second quarter revenue came in at $3.55 billion, exceeding the estimate of $3.42 billion.
- Ratings revenue totaled $1.14 billion, higher than the estimated $1 billion.
- Ratings non-transaction revenue reached $509 million versus the estimate of $492.3 million.
- Ratings non-subscription revenue was $626 million, above the estimate of $529.8 million.
- Market Intelligence Adjusted Revenue was $1.16 billion, slightly over the estimate of $1.15 billion.
- Market Intelligence non-subscription Adjusted Revenue stood at $43 million.
- Indices revenue was $389 million, slightly below the estimate of $399.9 million.
- Analysts’ ratings: 23 buys, 1 hold, and 1 sell.
S&P Global on Smartkarma
Analyst coverage of S&P Global on Smartkarma has been positively leaning, with Baptista Research providing valuable insights in their report titled “S&P Global Inc.: Will The Visible Alpha & IHS Markit Acquisitions Pay Off In The Long Run? – Major Drivers.” The report delves into S&P Global’s Q1 2024 earnings, emphasizing key performance indicators for potential investors. Noteworthy highlights include a 14% revenue increase, excluding Engineering Solutions divestiture, with strong transaction revenue in the Ratings division. Subscription revenue across all business segments also saw an 8% year-on-year uptick, contributing to a record quarterly revenue of approximately $3.5 billion.
A look at S&P Global Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts from Smartkarma have provided their outlook on S&P Global, a company that offers financial information services globally. Based on their assessment, the company has received varying scores across different factors. The company scored moderately in Value and Dividend, indicating room for improvement in these areas. However, S&P Global received higher scores in Growth, Resilience, and Momentum, suggesting positive momentum and resilience in the market.
Looking ahead, the long-term outlook for S&P Global appears promising, especially with strong scores in Growth, Resilience, and Momentum. These factors indicate that the company is well-positioned to capitalize on growth opportunities, withstand market challenges, and maintain positive momentum in the future.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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