S&P Global Q4 Adj. EPS $3.13 Misses $3.15 Estimate, Sales $3.15B Beat $3.13B Estimate
Portfolio Pulse from Benzinga Newsdesk
S&P Global (NYSE:SPGI) reported Q4 adjusted EPS of $3.13, missing the consensus estimate of $3.15 by 0.63%. However, quarterly sales of $3.15B exceeded estimates of $3.13B by 0.70%. This represents a 23.23% increase in earnings and a 7.32% increase in sales compared to the same period last year.
February 08, 2024 | 12:19 pm
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S&P Global reported a slight miss on Q4 adjusted EPS but exceeded sales estimates, showing significant year-over-year growth in both earnings and sales.
While the miss on the EPS estimate might initially concern investors, the overall growth in earnings and sales compared to the previous year, along with the beat on sales estimates, suggests a positive outlook. The mixed results could lead to a neutral short-term impact on SPGI's stock price as investors weigh the earnings miss against the sales beat and year-over-year growth.
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IMPORTANCE 75
RELEVANCE 100