MSCI Q1 2024 Adj EPS $3.52 Beats $3.45 Estimate, Sales $679.965M Miss $684.135M Estimate
Portfolio Pulse from Benzinga Newsdesk
MSCI reported Q1 2024 adjusted EPS of $3.52, surpassing the $3.45 estimate, marking a 12.1% increase from last year. However, their sales of $679.965M fell short of the $684.135M estimate, despite being a 14.82% increase from the previous year.
April 23, 2024 | 10:46 am
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POSITIVE IMPACT
MSCI's Q1 2024 earnings surpassed estimates with an EPS of $3.52, a 12.1% increase YOY, but sales slightly missed expectations.
The positive earnings beat with a 12.1% YOY increase in EPS is likely to be viewed favorably by investors, potentially leading to a short-term positive impact on MSCI's stock price. However, the slight miss in sales estimates could temper some of the positive sentiment, but the significant year-over-year sales growth of 14.82% suggests underlying strength in the company's business model.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100