Moody's Q4 Adj. EPS $2.19 Misses $2.32 Estimate, Sales $1.48B Inline
Portfolio Pulse from Benzinga Newsdesk
Moody's reported Q4 adjusted EPS of $2.19, missing the consensus estimate of $2.32 by 5.6%, but marking a 36.87% increase from last year. Sales were $1.48B, in line with estimates and up 14.73% from the previous year.
February 13, 2024 | 12:08 pm
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Moody's Q4 earnings missed estimates with an adjusted EPS of $2.19, but sales met expectations at $1.48B, showing significant year-over-year growth.
While Moody's missed the EPS estimate, the year-over-year growth in both earnings and sales could mitigate negative investor sentiment. The miss on EPS estimates might cause some short-term price volatility, but the strong sales figures and significant earnings growth from the previous year suggest underlying strength in the company's business model. Therefore, the impact on the stock price is likely to be neutral in the short term.
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