Morningstar Q2 Revenue Beats by 2%, Adjusted EPS Surges 29% on Credit Strength
MORN sits 40% above its 52-week low of $141.49 on elevated volume (2.1× avg).
Summary
Morningstar delivered a strong Q2, with revenue of $663.2M beating the $649.7M consensus and adjusted EPS of $3.10 handily topping the $2.83 estimate. The 29% EPS jump was fueled by robust credit ratings activity, particularly in structured finance and North American corporates. Direct Platform and PitchBook also contributed, though PitchBook saw some softness in venture capital and corporate churn. The company bought back $100M in shares during the quarter, adding to the $300M repurchased in Q1. This follows the Q1 beat and the $1B buyback authorization announced earlier this year, reinforcing a pattern of strong execution and capital return. The results confirm momentum in the high-margin credit segment, which is the key driver of the earnings surprise.
At the time of this announcement, MORN was trading at $198.66 on NASDAQ in the Finance sector, with a market capitalization of approximately $7.6B. The 52-week trading range was $141.49 to $289.63. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.