Moody's (NYSE:MCO) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$1.81b (up 23% from 3Q 2023).

• Net income: US$534.0m (up 37% from 3Q 2023).

• Profit margin: 30% (up from 26% in 3Q 2023). The increase in margin was driven by higher revenue.

• EPS: US$2.94 (up from US$2.12 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Moody's Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 5.9%. Earnings per share (EPS) also surpassed analyst estimates by 11%.

Looking ahead, revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Capital Markets industry in the US.

Performance of the American Capital Markets industry.

The company's shares are down 4.0% from a week ago.

Risk Analysis

Be aware that Moody's is showing 2 warning signs in our investment analysis that you should know about...

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