Investment analytics provider MSCI (NYSE: MSCI) will be reporting earnings this Tuesday before the bell. Here’s what to expect.
MSCI beat analysts’ revenue expectations by 0.6% last quarter, reporting revenues of $772.7 million, up 9.1% year on year. It was a mixed quarter for the company, with .
Is MSCI a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting MSCI’s revenue to grow 9.5% year on year to $793.9 million, slowing from the 15.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $4.37 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. MSCI has missed Wall Street’s revenue estimates three times over the last two years.
Looking at MSCI’s peers in the financial exchanges & data segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Moody's delivered year-on-year revenue growth of 10.7%, beating analysts’ expectations by 2.4%, and Nasdaq reported revenues up 11.4%, topping estimates by 0.8%. Moody's traded down 1.2% following the results while Nasdaq was also down 1.7%.
Read our full analysis of Moody’s results here and Nasdaq’s results here.
Investors in the financial exchanges & data segment have had fairly steady hands going into earnings, with share prices down 1% on average over the last month. MSCI is down 4.8% during the same time and is heading into earnings with an average analyst price target of $627.81 (compared to the current share price of $541.52).
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