S&P Global Inc. (NYSE:SPGI) independent ratings, benchmarks firm, is reporting second quarter earnings results on Tuesday 28th July 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 2.67 per share.
For the full year, analysts predict revenues of $ 6940.97 million, while looking forward to income of $ 10.27 per share.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 9.95 ~ $ 10.15 per share
Click Here For More Historical Outlooks Of S&P Global Inc.
Previous Quarter Performance
S&P Global Inc. unwinded income for the first quarter of $ 2.73 per share, from the revenue of $ 1,786.00 million. The quarterly earnings escalated 29.38 percent while revenues extended 13.69 percent compared with the same quarter last year.
According to street consensus, SPGI was expected to report 1Q20 income of $ 2.28 per share from revenue of $ 1649.44 million. The bottom line results beat street analysts by $ 0.45 or 19.74 percent, at the same time, top line results outshined analysts by $ 136.56 million or 8.28 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of SPGI was $ 351.32, representing a 88.82 % increase from the 52 week low of $ 186.06 and a 2.28 % decrease over the 52 week high of $ 359.50.
The company has a market capital of $ 84.63 billion and is part of the Financial Services sector and Capital Markets industry.
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Recent Analyst recommendations
- On 8th July 2020, maintained by Morgan Stanley at Overweight rating, with $ 361.00 target price.
- On 3rd June 2020, maintained by Morgan Stanley at Overweight rating, with $ 342.00 target price.
- On 3rd June 2020, maintained by Barclays at Overweight rating, with $ 365.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.67 per share on May 13, 2020. The dividend were payable on June 10, 2020 to holders of record as of the close of business on May 27, 2020 and ex-dividend date on May 26, 2020.
Conference Call
S&P Global Inc. will be hosting a conference call at 8:30 AM eastern time on 28th July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.spglobal.com
S&P Global Inc., together with its subsidiaries, provides ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. The company operates through four segments: S&P Global Ratings (Ratings), S&P Global Market Intelligence (Market Intelligence), S&P Global Platts (Platts), and S&P Dow Jones Indices (Indices). The Ratings segment offers credit ratings, research, and analytics to investors, corporations, governments, municipalities, commercial and investment banks, insurance companies, asset managers, and other debt issuers.
