S&P Global Q4 Preview: $3.90B Revenue and $4.33 EPS Forecast
S&P Global last quarter reported revenue of $3.89 billion, up 8.8% year-on-year and 1.3% above analyst expectations. Q4 revenue is projected at $3.90 billion (8.7% growth) with adjusted EPS of $4.33, following eight straight quarters of beats by an average of 2.2%.
1. Previous Quarter Results
Last quarter S&P Global posted revenue of $3.89 billion, representing an 8.8% year-on-year increase and a 1.3% beat of analyst expectations.
2. Q4 Guidance and Analyst Estimates
Analysts forecast Q4 revenue of $3.90 billion (8.7% growth) and adjusted EPS of $4.33, noting the company has topped revenue estimates by an average of 2.2% over the past eight quarters.
3. Peer Performance
Nasdaq delivered 13.4% year-on-year revenue growth with a 1.4% beat and saw its shares fall 1.8%, while Intercontinental Exchange grew revenue 7.8%, beat estimates by 1.2%, and saw a 2.5% stock gain.
4. Market Position and Risks
Shares have declined 19.2% over the last month, trading at $439.67 against an average analyst target of $622.74, as potential trade policy changes and corporate tax discussions cloud the growth outlook.