Moody’s Corp First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Moody’s Corporation (NYSE:MCO) will unveil its latest earnings on Thursday, April 26, 2012. Moody’s provides credit ratings, credit and economic related research, data and analytical tools, risk management software, quantitative credit risk measures, credit portfolio management solutions, and training services.

Moody’s Corporation Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for net income of 69 cents per share, a rise of 3% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 70 cents. Between one and three months ago, the average estimate moved down. It has risen from 66 cents during the last month. Analysts are projecting profit to rise by 10.2% versus last year to $2.71.

Past Earnings Performance: Last quarter, the company missed estimates by 6 cents, coming in at profit of 43 cents per share versus a mean estimate of net income of 49 cents per share. In the third quarter of the last fiscal year, the company beat estimates by 5 cents.

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Wall St. Revenue Expectations: On average, analysts predict $622.4 million in revenue this quarter, a rise of 7.8% from the year-ago quarter. Analysts are forecasting total revenue of $2.51 billion for the year, a rise of 10.1% from last year’s revenue of $2.28 billion.

Analyst Ratings: Analysts seem relatively indifferent about Moody’s with three of five analysts surveyed maintaining a hold rating.

A Look Back: In the fourth quarter of the last fiscal year, profit fell 30% to $96.2 million (43 cents a share) from $137.4 million (59 cents a share) the year earlier, missing analyst expectations. Revenue rose 0.5% to $567.1 million from $564.3 million.

Key Stats:

On the top line, revenue has increased in each of the past four quarters. Revenue rose 21.1% in the first quarter of the last fiscal year, 26.7% in the second quarter and 3.5% in the third quarter before rising again in the fourth quarter.

Stock Price Performance: Between January 25, 2012 and April 20, 2012, the stock price rose $3.51 (9.2%), from $38.10 to $41.61. The stock price saw one of its best stretches over the last year between March 7, 2012 and March 16, 2012, when shares rose for eight straight days, increasing 14.1% (+$5.25) over that span. It saw one of its worst periods between April 29, 2011 and May 6, 2011 when shares fell for six straight days, dropping 3.3% (-$1.26) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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