Moody's Corp

MCO

Equity

ISIN US6153691059 / Valor 1130337

New York Stock Exchange, Inc (2024-12-24)

USD 480.38+1.40%

Moody's Corp
UMushroom community rating:

0.00 0 votes No rating yet

NegativeNeutralPositive

About company

Moody's Corp is a global provider of credit ratings and assessment services for various debt obligations, programs, and entities worldwide through its division Moody's Ratings. In addition to credit ratings, Moody's offers data, information, research, insights, and decision solutions to help customers navigate complex risks and unlock opportunities in the market. With a team of highly skilled analysts, rich data, robust tools, and cutting-edge technologies, Moody's aims to provide relevant insights on exponential risk to enable customers to advance their business and make informed decisions.

Summarized from source with an LLMView SourceSector: Finance

Revenue Growth

In the third quarter of 2024, Moody's Corporation reported a significant revenue increase of 23% compared to the same period in the previous year. This growth was driven by strong performance across its business segments, with Moody's Investors Service (MIS) revenue rising by 41% and Moody's Analytics (MA) revenue increasing by 7%. The company's year-to-date revenue also saw a substantial increase of 22% from the prior-year period.

Earnings Per Share

Moody's Corporation's adjusted diluted earnings per share (EPS) for the third quarter of 2024 was $2.93, marking a 39% increase from the previous year. The company has also updated its full-year 2024 projected diluted EPS to a range of $11.90 to $12.10, reflecting its strong financial performance and positive outlook for the remainder of the year.

Operating Expenses

Operating expenses for Moody's Corporation in the third quarter of 2024 increased by 15% compared to the prior-year period. This rise was primarily due to higher incentive and stock-based compensation, which accounted for 7% of the increase, and operational costs and strategic investments, which contributed another 7%. Despite these increases, the company maintained a focus on cost efficiencies.

Operating Margin

Moody's Corporation reported an operating margin of 40.7% for the third quarter of 2024. The adjusted operating margin was 47.8%, representing an increase of 320 basis points from the previous year. This improvement highlights the company's ability to leverage its revenue growth effectively while managing expenses strategically.

Outlook and Strategic Investments

Moody's Corporation remains optimistic about its future growth prospects, as evidenced by its updated full-year 2024 guidance. The company continues to invest strategically in its analytics business, focusing on innovation and enhancing its offerings to empower customers with insights in a dynamic risk environment. These investments are expected to support durable future growth and maintain Moody's position as a leading provider of credit ratings and analytics.

Summarized from source with an LLMView Source

Key figures

23.9%1Y

20.9%3Y

102%5Y

Performance

19.9%1Y

26.2%3Y

31.6%5Y

Volatility