S&P Global Tops Q3 Estimates With $4.58 Adjusted EPS, Lifts Full-Year Outlook
SPGI sits 24% above its 52-week low of $360.945.
Summary
S&P Global beat on the top and bottom line for Q3. Adjusted EPS came in at $4.58 versus the $4.43 IBES estimate, and revenue of $3.678 billion edged past the $3.643 billion consensus. GAAP EPS was $4.45 on net income of $1.298 billion. The company raised its full-year revenue growth outlook to 7.4-8.4% and guided adjusted EPS to $17.7-17.95, a range whose midpoint sits just below the $17.9 consensus — so the beat is real but the forward guide is not a blowout. This follows the 8-K filed minutes earlier and comes after a run of deal activity, including the OpenZeppelin acquisition and the Kaiko investment.
At the time of this announcement, SPGI was trading at $447.00 on NYSE in the Finance sector, with a market capitalization of approximately $132.9B. The 52-week trading range was $360.94 to $522.35. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.