Moodys Corporation (NYSE:MCO) is set to announce third quarter earning results on Thursday 29th October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, MCO to report 3Q20 income of $ 2.10 per share.
For the full year, analysts anticipate top line of $ 5133.55 million, while looking forward to income of $ 9.48 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 8.80 ~ $ 9.20 per share
Click Here For More Historical Outlooks Of Moodys Corporation
Previous Quarter Performance
Moodys Corporation announced income for the second quarter of $ 2.81 per share, from the revenue of $ 1,435.00 million. The quarterly earnings 35.75 percent while revenues escalated 18.24 percent compared with the same quarter last year.
Street analysts expected Moodys Corporation to report income of $ 2.21 per share on revenue of $ 1241.33 million for the second quarter. The bottom line results beat street analysts by $ 0.6 or 27.15 percent, at the same time, top line results outshined analysts by $ 193.67 million or 15.60 percent.
Stock Performance
Shares of Moodys Corporation traded low $ -4.33 or -1.63 percent on Wednesday, reaching $ 261.86 with volume of 865.50 thousand shares. Moodys Corporation has traded high as $ 263.71 and has cracked $ 257.95 on the downward trend
According to the previous trading day, closing price of $ 261.86, representing a 62.12 % increase from the 52 week low of $ 164.19 and a 13 % decrease over the 52 week high of $ 305.96.
The company has a market capital of $ 49.15 billion and is part of the Financial Services sector and Capital Markets industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.56 per share on July 28, 2020. The dividend were payable on September 10, 2020 to holders of record as of the close of business on August 20, 2020 and ex-dividend date on August 19, 2020.
Conference Call
Moodys Corporation will be hosting a conference call at 11:30 AM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.moodys.com
Moodys Corporation provides credit ratings; and credit, capital markets, and economic research, data, and analytical tools worldwide. It operates through two segments, Moodys Investors Service and Moodys Analytics. The Moodys Investors Service segment publishes credit ratings on various debt obligations and entities that issue such obligations, such as various corporate and governmental obligations, structured finance securities, and commercial paper programs.
