Moody's Narrows FY24 Outlook Range - Update

RTTNews | 343 days ago
Stocktwits
Moody's Narrows FY24 Outlook Range - Update

(RTTNews) - While reporting financial results for the first quarter on Thursday, Moody's Corp. (MCO) narrowed its earnings, adjusted earnings and revenue growth guidance range for the full-year 2024.

For fiscal 2024, the company now expects earnings in a range of $9.55 to $10.15 per share and adjusted earnings in the range of $10.40 to $11.00 per share on projected revenue growth in the high-single-digit to low-double-digit percent range.

Previously, the company projected earnings in a range of $9.45 to $10.20 per share and adjusted earnings in the range of $10.25 to $11.00 per share on projected revenue growth in the high-single to low-double-digit percent range.

On average, 20 analysts polled by Thomson Reuters expect earnings of $10.71 per share on a revenue decline of 10.6 percent to $6.54 billion for the year. Analysts' estimates typically exclude special items.

On Friday, the Board of Directors also declared a regular quarterly dividend of $0.85 per share of MCO Common Stock, payable on June 7, 2024, to stockholders of record at the close of business on May 17, 2024.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Tags: MCO
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