earnings
confidence high
sentiment negative
materiality 0.75
Moody's Q1 revenue $1.5B (-5% YoY); EPS $2.68 (-31%); FY22 guidance reduced
MOODYS CORP /DE/
2022-Q1 EPS reported
$2.68
revenue$1,522,000,000
- MIS revenue $827M (-20%) on 25% decline in rated issuance; MA revenue $695M (+23%) with fifth straight quarter of double-digit growth.
- Diluted EPS $2.68 (adjusted $2.89), down 31% and 29% YoY respectively; operating margin 43.1%, adjusted margin 48.2%.
- FY2022 diluted EPS guidance cut to $9.85-$10.35; adjusted diluted EPS to $10.75-$11.25 from prior $11.00-$11.50.
- Board declared $0.70 quarterly dividend, payable June 10, 2022 to holders of record May 20, 2022; $1.2B share repurchase authority remaining.
- Operating cash flow $470M; completed $500M ASR in April; ended quarter with $1.9B cash and $7.8B debt.