Moody's (MCO) reported Quarter December 2022 earnings of $1.60 per share on revenue of $1.3 billion. The consensus earnings estimate was $1.42 per share on revenue of $1.3 billion. The Earnings Whisper number was $1.45 per share. Revenue fell 16.2% compared to the same quarter a year ago.
The company said in its earnings presentation it expects 2023 earnings of $9.00 to $9.50 per share. The current consensus earnings estimate is $9.38 per share for the year ending December 31, 2023.
Moody' Corporation provides credit ratings, credit and economic related research, data and analytical tools, software solutions and related risk management services, quantitative credit risk measures, financial services training & certification services.
Moody's Corporation Reports Results for Fourth Quarter and Full Year 2022; Sets Outlook for 2023
NEW YORK--(BUSINESS WIRE)--Moody's Corporation (NYSE: MCO) today announced results for the fourth quarter and full year 2022, and provided its outlook for full year 2023.
The Fourth Quarter and Full Year 2022 Earnings Release and other earnings materials can be found on the Moody’s IR website at ir.moodys.com. In addition, the earnings release will be furnished with the Securities and Exchange Commission (SEC) on a Form 8-K and will be available on the SEC website at www.sec.gov.
“Throughout 2022, our data, analytics and insights helped our customers navigate one of the more challenging years in recent memory,” said Rob Fauber, President and Chief Executive Officer of Moody’s. “Moody’s Analytics achieved its 60th consecutive quarter of revenue growth, expanded ARR by double-digits and improved its margin. While debt issuance was dampened amidst ongoing macroeconomic uncertainty, Moody’s Investors Service remains the agency of choice for both issuers and investors.”
Date and Time
January 31, 2023, at 12:30 p.m. Eastern Time (ET).
The webcast and its replay can be accessed through Moody’s Investor Relations website, ir.moodys.com, within “Events & Presentations”.
U.S. and Canada
Dial In Replay
A replay will be available immediately after the call on January 31, 2023 and until March 2, 2023.
U.S. and Canada
ABOUT MOODY'S CORPORATION
Moody’s (NYSE: MCO) is a global integrated risk assessment firm that empowers organizations to make better decisions. Its data, analytical solutions and insights help decision-makers identify opportunities and manage the risks of doing business with others. We believe that greater transparency, more informed decisions, and fair access to information open the door to shared progress. With approximately 14,000 employees in more than 40 countries, Moody’s combines international presence with local expertise and over a century of experience in financial markets. Learn more at moodys.com/about.
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Source: Moody’s Corporation Investor Relations