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IHS Markit (INFO) Q3 Earnings & Revenues Top Estimates

IHS Markit Ltd.INFO reported third-quarter 2018 results, (ended Aug 31, 2018) adjusted earnings per share of 58 cents beating the Zacks Consensus Estimate of 55 cents. Earnings increased 2% on a year-over-year basis.

How Was the Estimate Revision Trend?

Investors should note that the Zacks Consensus Estimate for third-quarter fiscal 2018 earnings remained unchanged over the last 30 days.

The company also has an impressive earnings history having outperformed the Zacks Consensus Estimate in three of the last four quarters with an average positive surprise of 6.2%.

IHS Markit Ltd. Price

IHS Markit Ltd. Price | IHS Markit Ltd. Quote

Revenues Higher Than Expected

IHS Markit recorded revenues of $1 billion which beat the Zacks Consensus Estimate of $969 million. Revenues compared favorably with the year-ago figure of $904.7 million.

Key Stats to Note : IHS Markit raised its fiscal 2018 guidance. Revenues are now expected in the range of $4.000 billion to $4.020 billion, including organic growth of 6%. Previously, revenues were anticipated in the $3.85-$3.90 billion band, including organic growth of 5-6%.

Adjusted EBITDA is envisioned in the range of $1.550 billion to $1.560 billion compared with the previous guidance of $1.500-$1.525 billion. Adjusted EPS is expected in the range of $2.25 to $2.27, compared with the earlier guidance of $2.23-$2.27.

Zacks Rank : Currently, IHS Markit has a Zacks Rank #2 (Buy) but that could change following the company's earnings report which was just released. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

Check back later for our full write up on this S&P Global earnings report later!

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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