IHS Markit Ltd. (NASDAQ:INFO) reported first-quarter fiscal 2019 (ended Feb 28, 2019) earnings per share of 60 cents beating the Zacks Consensus Estimate of 57 cents. Earnings also increased 13.2% on a year-over-year basis.
How Was the Estimate Revision Trend?
Investors should note that the Zacks Consensus Estimate for IHS Markit’s first-quarter fiscal 2019 earnings remained stable over the last 90 days.
The company has an impressive earnings history having outperformed the Zacks Consensus Estimate in all of the last four quarters with an average beat of 6.1%.
Revenues Lower Than Expected
IHS Markit recorded revenues of $1,046.4 million which lagged the Zacks Consensus Estimate of $1,060 million. However, revenues compared unfavorably with the year-ago figure of $932.1 million.
Key Stats to Note: IHS Markit reaffirmed its fiscal 2019 guidance. Revenues are expected in the range of $4.425 billion to $4.500 billion, including organic growth of 6% to 7% (including Ipreo). Adjusted EBITDA is expected in the range of $1.75 billion to $1.78 billion. Adjusted EPS is anticipated in the range of $2.52 to $2.57.
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 IHS Markit earnings report later!
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IHS Markit Ltd. (INFO): Free Stock Analysis Report
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