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NEW YORK--(BUSINESS WIRE)--MSCI Inc. (NYSE: MSCI), a leading provider of critical decision support tools and services for the global investment community, announced today it will release its results for the first quarter 2024 on Tuesday, April 23, 2024, before the market opens. A copy of the earnings release, as well as an earnings presentation and a quarterly update, will be made available on MSCI's Investor Relations website. MSCI's senior management will review the first quarter 2024 results.
MSCI has been enjoying favorable double-digit financial growth with absurdly high free cash flow margins in an index business with high switching costs. While the stock has shown minimal movement over the past year, its P/E ratio has reached levels not seen over the last four years, despite the PEG ratio remaining elevated. Combining the great business with its superior valuation and growth compared to peers, MSCI demands a strong buy rating.
MSCI Inc (NYSE: MSCI) is a prominent global provider of various financial instruments and services. Its offerings include equity, fixed income, and real estate indices alongside multi-asset portfolio analysis tools.
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MSCI Inc. (MSCI) Q4 2023 Earnings Call Transcript
The investment support tool company boosts its quarterly dividend by 16% to $1.60 a share.
MSCI's fourth-quarter 2023 results benefit from strong growth in recurring subscription revenues.
While the top- and bottom-line numbers for MSCI (MSCI) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
MSCI (MSCI) came out with quarterly earnings of $3.68 per share, beating the Zacks Consensus Estimate of $3.29 per share. This compares to earnings of $2.84 per share a year ago.