Moody's (MCO) Reports Q2: Everything You Need To Know Ahead Of Earnings
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Credit rating agency Moody's MCO will be announcing earnings results this Wednesday before market hours. Here's what you need to know. Moody's beat analysts' revenue expectations last quarter, reporting revenues of $2.08 billion, up 8.1% year on year. It was a mixed quarter for the company, with a narrow beat of analysts' EBITDA estimates. Is Moody's a buy or sell going into earnings? Read our full analysis here, it's free for active Edge members. This quarter, the market is expecting Moody's revenue to grow 9.8% year on year, improving from the 4.5% increase it recorded in the same quarter last year. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Moody's rarely misses Wall Street's revenue estimates. Looking at Moody's peers in the capital markets segment, some have already reported their Q2 results, giving us a hint as to what we can expect. FactSet delivered year-on-year revenue growth of 6.4%, beating analysts' expectations by 1.1%, and Goldman Sachs reported revenues up 39.5%, topping estimates by 23.7%. FactSet traded up 8.7% following the results while Goldman Sachs was also up 10.2%. Read our full analysis of FactSet's results here and Goldman Sachs's results here. There has been positive sentiment among investors in the capital...
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