Moody's Q1 Adj $3.37 Beats $3.04 Estimate, Sales $1.79B Beat $1.70B Estimate
Portfolio Pulse from Benzinga Newsdesk
Moody's (NYSE:MCO) reported Q1 earnings of $3.37 per share, surpassing the consensus estimate of $3.04, marking a 12.71% increase from last year. Sales reached $1.79 billion, exceeding the $1.70 billion estimate, up 21.50% from the previous year.
May 02, 2024 | 11:13 am
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Moody's reported a significant beat on both earnings and sales estimates for Q1, with earnings per share and sales growing year-over-year.
The positive earnings and sales report from Moody's significantly exceeded analyst expectations, indicating strong financial health and operational efficiency. This performance, especially the growth compared to the same period last year, is likely to instill investor confidence and could lead to a short-term uptick in MCO's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100