S&P Global, Inc. (NYSE:SPGI) formerly known as McGraw-Hill Financial, is the provider of financial information, and the owner of one of the top credit rating agencies (Standard & Poor’s). The company now primarily focuses on capital and commodities markets and includes iconic brands like S&P Ratings, S&P Capital IQ, S&P Indices and Platts.
SPGI has an outstanding earnings track record, and has delivered an average positive earnings surprise of 9.47% in the last four trailing quarters, beating estimates all through.
Currently, SPGI carries a Zacks Rank #2 (Buy), which is subject to change following the third-quarter 2017 earnings announcement. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
Earnings: Earnings beat. SPGI reported adjusted earnings per share (EPS) of $1.71 in third-quarter 2017, which beat the Zacks Consensus Estimate called for EPS of $1.52.
Revenues: Revenues beat. SPGI posted net sales of $1,513 million during the quarter, above the Zacks Consensus Estimate of $1,442 million.
Key Stats to Note: Concurrent with the earnings release, the company hiked its full-year 2017 earnings per share (EPS) guidance. It currently expects adjusted EPS to be in the range of $6.55-$6.70 from the earlier $6.15-$6.30.
Stock Price: SPGI shares were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.
As of Oct 25, 2017, SPGI’s closed the trading session at $160.92 per share.
Check back later for our full write up on S&P Global’s earnings report!
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>
S&P Global Inc. (SPGI): Free Stock Analysis Report
Original post