Moody's Issues 2024 Guidance - Quick Facts

(RTTNews) - Moody's Corporation (MCO) said, for full year 2024, the company projects: adjusted EPS in a range of $10.25 - $11.00, a 24% increase from 2022. Earnings per share is projected in a range of $9.45 - $10.20. Revenue is anticipated to increase in the high-single to low-double-digit percent range.

For medium term, the company anticipates low-double-digit percent growth in adjusted EPS; and at least 10% revenue growth.

Fourth quarter bottom line came in at $340 million, or $1.85 per share compared with $246 million, or $1.34 per share, in last year's fourth quarter. Adjusted EPS was $2.19 compared to $1.60. Analysts on average had expected the company to earn $2.32 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Fourth quarter revenue rose 14.7% to $1.48 billion from $1.29 billion last year. Analysts on average had estimated $1.48 billion in revenue.

Shares of Moody's are down 3% in pre-market trade on Tuesday.

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