Moody’s Corp. (NYSE: MCO) has reported E.P.S. of $3.03 for its second fiscal quarter (ending June 30) versus $2.05 for the same period a year ago — an increase of 48%. This performance was $0.25 better than the consensus estimate of $2.78. E.P.S. were $10.17 for the latest four quarters through June 30 versus $7.78 for the same period a year ago — an increase of 31%.
Recent Price Action
On 7/23/24, Moody’s Corp. (NYSE: MCO) stock rose modestly by 0.3%, closing at $451.89. Moreover, exceptionally high trading volume at 204% of normal accompanied the advance. Relative to the market the stock has been strong over the last nine months and has risen 1.2% during the last week.
Current PriceTarget Research Rating
MCO’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Moody’s has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Moody’s has a poor Appreciation Score of 23 but a good Power Rating of 75, and the Neutral Value Trend Rating results.
Rating Review
In light of this encouraging new earnings information and positive market action we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
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