2024-07-23 16:00:11 ET
Summary
- Shareholder remuneration includes increasing dividends and buybacks, with a slightly overvalued stock but a positive outlook for long-term investment.
- Moody's is experiencing a golden moment with record high share prices, beating EPS and revenue estimates, and revising guidance upwards.
- Moody's Analytics and Moody's Investors Service both saw growth in Q2 2024, with MIS achieving exceptional growth due to Leveraged Loans and High Yield Bonds.
Moody's ( MCO ) is having a golden moment, and its price per share continues to record new all-time highs. Q2 2024 was recently released and both EPS and revenue estimates were beaten:
- Expected EPS was $3.03 vs. the actual $3.38.
- Expected revenues were $1.72 billion vs. the actual $1.80 billion.
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Moody's: Q2 2024 Fuels Its Golden Period