S&P Global (SPGI) Q2 Earnings Report Preview: What To Look For
Financial intelligence company S&P Global (NYSE:SPGI) will be reporting results this Tuesday before market hours. Here’s what investors should know.
S&P Global beat analysts’ revenue expectations last quarter, reporting revenues of $4.17 billion, up 10.4% year on year. It was a satisfactory quarter for the company, with a solid beat of analysts’ EBITDA estimates but full-year EPS guidance slightly missing analysts’ expectations.
Is S&P Global 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 S&P Global’s revenue to grow 9.3% year on year, improving from the 5.8% 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. S&P Global has a history of exceeding Wall Street’s expectations.
Looking at S&P Global’s peers in the financial exchanges & data segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Nasdaq delivered year-on-year revenue growth of 14.9%, beating analysts’ expectations by 3%, and Moody's reported revenues up 15.1%, topping estimates by 4.8%. Nasdaq traded up 1.3% following the results while Moody's was down 3.8%.
Read our full analysis of Nasdaq’s results here and Moody’s results here.
There has been positive sentiment among investors in the financial exchanges & data segment, with share prices up 5.4% on average over the last month. S&P Global is up 4.8% during the same time and is heading into earnings with an average analyst price target of $518.72 (compared to the current share price of $428.10).
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