13.02.2024 13:45:43 - dpa-AFX: Moody's Issues 2024 Guidance
WASHINGTON (dpa-AFX) - Moody's Corporation (MCO) said, for full year 2024,
the company projects: adjusted EPS in a range of $10.25 - $11.00, a 24%
increase from 2022. Earnings per share is projected in a range of $9.45 -
$10.20. Revenue is anticipated to increase in the high-single to
low-double-digit percent range.
For medium term, the company anticipates low-double-digit percent growth in
adjusted EPS; and at least 10% revenue growth.
Fourth quarter bottom line came in at $340 million, or $1.85 per share compared
with $246 million, or $1.34 per share, in last year's fourth quarter. Adjusted
EPS was $2.19 compared to $1.60. Analysts on average had expected the company to
earn $2.32 per share, according to figures compiled by Thomson Reuters.
Analysts' estimates typically exclude special items.
Fourth quarter revenue rose 14.7% to $1.48 billion from $1.29 billion last year.
Analysts on average had estimated $1.48 billion in revenue.
Shares of Moody's are down 3% in pre-market trade on Tuesday.
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