Moody's CorporationMCO is a leading provider of credit ratings, research, data & analytical tools, software solutions & related risk management services, quantitative credit assessment services, credit training services and credit process software to banks and other financial institutions. Moody's reports its businesses under two operating divisions - Moody's Investors Service (MIS), which includes all the rating agency businesses, and Moody's Analytics (MA), which includes other non-rating commercial activities.
Moody's Investors Service (MIS) provides credit ratings and research covering debt instruments and securities. Revenues from MIS comprises ratings revenues from Structured Finance; Corporate Finance; Financial Institutions and Sovereign Risk; and Public, Project and Infrastructure Finance.
Zacks Rank: Currently, MCO has a Zacks Rank#4 (Sell) but that could change following its third-quarter 2015 earnings report which has just released.
We have highlighted some of the key details from the just-released announcement below:
Earnings: MCO reported non-GAAP earnings of $1.11 per share, surpassing with the Zacks Consensus Estimate of $1.07 while increasing 14.4% year over year. The company reiterated its 2015 earnings guidance range of $4.55 to $4.65 per share.
Revenue: Revenues of $834.9 million came below the Zacks Consensus Estimate of $843.9 million but grew 2.3% year over year.
Key Stats: In the third quarter, the company reported adjusted operating margin was 45.3%, down 40 bps from the year ago period.
Check back later for our full write up on this MCO earnings report later!
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.