What's Going On With MSCI Stock On Monday?
Portfolio Pulse from Anusuya Lahiri
MSCI Inc reported a 14.8% year-on-year revenue growth for fiscal Q1, missing consensus estimates. Adjusted EPS exceeded expectations. The stock dipped following the results, with a 12.90% decrease in share price. Operating margins declined, and the company noted unusual client events impacting cancellations. MSCI reiterated its FY24 outlook, maintaining previous guidance on operating expenses, capex, and free cash flow. The company is also featured in IShares U.S. Broker-Dealers & Securities Exchanges ETF and Sterling Capital Focus Equity ETF.
April 23, 2024 | 3:28 pm
News sentiment analysis
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NEGATIVE IMPACT
MSCI is featured in the IShares U.S. Broker-Dealers & Securities Exchanges ETF, which may experience indirect impact due to MSCI's stock performance.
Given MSCI's inclusion in the IAI ETF, the significant drop in MSCI's stock price could indirectly impact the ETF's performance, although the extent would depend on MSCI's weight within the ETF.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Sterling Capital Focus Equity ETF, which includes MSCI, might see an indirect impact from MSCI's recent stock performance.
MSCI's performance, given its role in the LCG ETF, could indirectly affect the ETF's value. The impact would be contingent on MSCI's proportion within the ETF.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
MSCI Inc reported a 14.8% revenue growth in Q1 but missed revenue estimates, with a notable dip in stock price by 12.90%. Adjusted EPS beat expectations, despite a decline in operating margins.
The miss on revenue estimates and the subsequent significant drop in stock price indicate a negative short-term impact. The beat on adjusted EPS may not offset the negative sentiment from the revenue miss and margin decline.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100