SPGI Stock Recent News
SPGI LATEST HEADLINES
S&P Global (SPGI) is benefitting from service launches. It is also expanding through acquisitions amid rising expenses and declining liquidity.
February brought an improvement in demand for Britain's construction sector, helping the rate of new business growth reach its fastest since May 2023. At 49.7 in February, S&P Global's UK Construction Purchasing Managers Index (PMI) was up from 48.8 in January.
Blue chip stocks can provide exposure to stable, reliable companies with long-term success. S&P Global is the largest credit rating agency in the U.S. and enjoys a robust competitive advantage.
S&P Global's (SPGI) revenues increase year over year in the fourth quarter of 2023.
S&P Global Inc. (SPGI) Q4 2023 Earnings Call Transcript
The headline numbers for S&P Global (SPGI) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
S&P Global (SPGI) came out with quarterly earnings of $3.13 per share, missing the Zacks Consensus Estimate of $3.15 per share. This compares to earnings of $2.54 per share a year ago.
S&P Global is a diversified financial services company offering a variety of industry-leading products including the market intelligence platform Capital IQ, its credit ratings and stock indices such as the S&P 500. Since 2015, margins have expanded by ~1000bps vs. peers at around half of that, enabling SPGI to deliver industry-leading returns on capital. At ~50% of ratings market share, SPGI is poised to benefit from the resurgence in credit with YoY indicators turning positive and ~$12tn of US corporate debt maturing through 2028.
S&P Global's (SPGI) earnings are likely to have increased year over year on the back of an improved segmental performance.
S&P Global (SPGI) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.