Moody's Corp Raises FY24 Adjusted Diluted EPS Outlook To $11.00-$11.40 (Prior $10.40-$11.00) Vs. $11.02 Est; Projects Revenues To Increase In The Low-Teens Percent Range (Prior In The High-single-digit To Low-double-digit Percent Range) Vs $6.63B Est
Portfolio Pulse from Benzinga Newsdesk
Moody's Corp has raised its FY24 adjusted diluted EPS outlook to $11.00-$11.40 from the prior $10.40-$11.00, surpassing the $11.02 estimate. The company also projects revenues to increase in the low-teens percent range, up from the previous high-single-digit to low-double-digit percent range, compared to the $6.63 billion estimate.
July 23, 2024 | 11:06 am
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Moody's Corp has increased its FY24 adjusted diluted EPS outlook to $11.00-$11.40, surpassing the $11.02 estimate. The company also projects higher revenue growth in the low-teens percent range, indicating strong financial performance.
The raised EPS outlook and higher revenue growth projection indicate strong financial performance and positive future prospects for Moody's Corp. This is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100