Moody’s Earned $2.15 per Share

Moody’s Corporation Reports Results for Third Quarter 2019

Moody’s Corporation 3Q19 revenue of $1.2 billion up 15% from 3Q18
Moody’s Investors Service 3Q19 revenue of $747 million, up 16% from 3Q18; Moody’s Analytics revenue of $494 million, up 13%
3Q19 diluted EPS of $1.99 increased 25% from 3Q18; adjusted diluted EPS of $2.15 up 27%
FY 2019 diluted EPS and adjusted diluted EPS guidance ranges increased to $7.20 to $7.35 and $8.05 to $8.20, respectively

Moody’s Corporation (MCO) today announced results for the third quarter of 2019, as well as updated its current outlook for full year 2019.

“Moody’s revenue increased 15% in the third quarter as Moody’s Investors Service benefited from strong corporate and public finance sector bond issuance amid favorable market conditions. Furthermore, Moody’s Analytics continued to deliver robust performance across all business lines, particularly in ERS, driven by solid demand for its analytical solutions,” said Raymond McDaniel, President and Chief Executive Officer of Moody’s. “In light of stronger than anticipated top-line growth and disciplined expense management, we are raising our full year 2019 adjusted diluted EPS guidance range to $8.05 to $8.20.”

ASSUMPTIONS AND OUTLOOK FOR FULL YEAR 2019

Moody’s outlook for 2019 is based on assumptions about many geopolitical conditions and macroeconomic and capital market factors, including interest rates, foreign currency exchange rates, corporate profitability and business investment spending, mergers and acquisitions, consumer borrowing and securitization, and the amount of debt issued. These assumptions are subject to uncertainty, and results for the year could differ materially from our current outlook. Our guidance assumes foreign currency translation at end-of-quarter exchange rates. Specifically, our forecast for the remainder of 2019 reflects exchange rates for the British pound (£) of $1.23 to £1 and for the euro (€) of $1.09 to €1.

Posted by on October 30th, 2019 at 7:47 am


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