Moody's Corporation's 2024 Guidance: Expects Revenue To Increase In The High-Single-Digit To Low-Double-Digit Percent Range; Sees Adjusted EPS Of $10.25-$11.00 Vs. $11.15 Est.
Portfolio Pulse from Benzinga Newsdesk
Moody's Corporation (MCO) has provided its full year 2024 guidance, forecasting revenue growth in the high-single-digit to low-double-digit percent range and an adjusted EPS of $10.25-$11.00, which is below the estimated $11.15. The guidance also includes details on operating expenses, margins, interest expense, tax rate, cash flow, and share repurchases. Moody's Analytics expects a 10% revenue increase and Moody's Investors Service anticipates revenue growth in the high-single-digit to low-double-digit percent range.
February 13, 2024 | 12:19 pm
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NEGATIVE IMPACT
Moody's Corporation projects revenue growth and an adjusted EPS below estimates for FY 2024, with significant financial and operational details provided.
The guidance provided by Moody's Corporation for the full year 2024 indicates a positive outlook on revenue growth but projects an adjusted EPS that is below the current analyst estimates. This discrepancy in EPS expectations could lead to short-term negative sentiment among investors, potentially impacting the stock price negatively. The detailed financial and operational guidance, including revenue growth, operating margins, and cash flow expectations, underscores the company's strategic planning but the lower EPS forecast is likely to be the focal point for investors.
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IMPORTANCE 90
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