Moody’s Corp. (NYSE: MCO) has reported earnings for its first fiscal quarter (ending March 31) of $3.16 versus $2.73 for the same period a year ago — an increase of 16%. However, this result fell short of the consensus estimate of $3.39 by $-0.23. For the latest four quarters through March 31, E.P.S. were $9.19 versus $7.50 for the same period a year ago — an increase of 23%.
Recent Price Action
Moody’s Corp. (NYSE: MCO) stock closed at $376.40 on 5/2/24 after a modest gain of 0.9%. Moreover, trading volume in this advance was unusually high at 188% of normal. The stock has been strong relative to the market over the last nine months but has declined -1.3% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, MCO is expected to continue to be a major Value Builder.
Moody’s has a current Value Trend Rating of D (Negative). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Moody’s has a very low Appreciation Score of 9 but a good Power Rating of 75, leading to the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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