earnings
confidence high
sentiment negative
materiality 0.80
Moody's Q2 EPS down 42% on lower debt issuance; cuts FY adjusted EPS guidance to $9.20-$9.70
MOODYS CORP /DE/
2022-Q2 EPS reported
$4.45
revenue$2,903,000,000
- Q2 revenue $1.4B, down 11%; MIS revenue $706M (-28%), MA revenue $675M (+18%).
- GAAP diluted EPS $1.77 (-42%); adjusted diluted EPS $2.22 (-31%).
- FY 2022 adjusted EPS guidance lowered to $9.20-$9.70 from prior $10.70-$11.10 range.
- Global MIS rated issuance forecast now -30% (prev. mid-teens). U.S. GDP growth cut to 1.5%-2.5%.
- Board declared $0.70 quarterly dividend payable Sept 9, 2022; share repurchase authority $960M left.