Moody’s Corporation MCO is a leading provider of credit ratings, research, data & analytical tools, software solutions & related risk management services, quantitative credit assessment services, credit training services and credit process software to banks and other financial institutions. Moody's reports its businesses under two operating divisions – Moody's Investors Service (MIS), which includes all the rating agency businesses, and Moody's Analytics (MA), which includes other non-rating commercial activities.
Moody's Investors Service provides credit ratings and research covering debt instruments and securities. Revenues from MIS comprises ratings revenues from Structured Finance; Corporate Finance; Financial Institutions and Sovereign Risk; and Public, Project and Infrastructure Finance. Moody's Analytics offers solutions related to financial and risk management activities of institutions.
Zacks Rank: Currently, MCO has a Zacks Rank#4 (Sell) but that could change following its first quarter 2016 earnings report which has just released.
We have highlighted some of the key details from the just-released announcement below:
Earnings: MCO reported earnings of 93 cents per share that missed the Zacks Consensus Estimate of $1.07 and declined 16.2% year over year. The company tweaked its 2016 guidance because of slowdown in debt issuance activity. The company now expects earnings in the range of $4.55 to $4.65 as against $4.75 to $4.85 per share projected earlier.
Revenue: Revenues of $816.1 million missed Zacks Consensus Estimate of $853 million and fell 6% year over year. For full year, revenues are now expected to be up in low single digits as against mid single digits projected earlier.
Key Stats: In the quarter, the company reported adjusted operating margin was 40.9%, compared with 46.2% reported in the year ago period.
Check back later for our full write up on this MCO earnings report later!
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MOODYS CORP (MCO): Free Stock Analysis Report
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