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Barchart
Barchart
Dipanjan Banchur

Moody's Earnings Preview: What to Expect

MCO

Based in New York, Moody's Corporation (MCO) is an integrated risk assessment firm worldwide. Valued at $79.60 billion by market cap, the company provides credit ratings and related research, data and analytical tools, quantitative credit risk measures, risk scoring software, credit portfolio management solutions, securities pricing software, and valuation models. The leading risk assessment company is expected to announce its fiscal second-quarter earnings for 2024 on Tuesday, Jul. 23.

Ahead of the event, analysts expect MCO to report a profit of $2.80 per share on a diluted basis, up 21.7% from $2.30 per share in the year-ago quarter. The company beat the consensus estimates in three of the last four quarters while missing on one other occasion. During the previous quarter, MCO repurchased 0.3 million shares at an average price of $384.20 per share.

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