Moody’s Earns $1.91 per Share

This morning, Moody’s (MCO) reported Q4 earnings of $1.91 per share. That was six cents below estimates. The good news is that revenues beat estimates, and Moody’s provided an upbeat forecast for this year. For Q4, revenues rose 4.6% to $1.29 billion. Wall Street had been looking for $1.22 billion.

“MIS had another strong quarter with a favorable issuance mix from leveraged loans and infrequent bank issuers. Our MA team delivered growth by staying close to the customer, driving subscription sales and high retention,” said Robert Fauber, President and Chief Executive Officer of Moody’s. “As managing risk becomes more complex, the demand for our insights and solutions has never been greater. In 2021, we will help our customers navigate the changing environment by continuing to enhance our products, bringing new capabilities to the market and building on the strengths of our core businesses. 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.”

Moody’s sees 2021 earnings ranging between $10.30 and $10.70 per share. Wall Street had been expecting $10.34 per share.

Moody’s also raised its quarterly dividend by 11% to 62 cents per share.

Posted by on February 12th, 2021 at 12:01 pm


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