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Barchart
Kritika Sarmah

What You Need to Know Ahead of S&P Global's Earnings Release

SPGI

With a market cap of $138.6 billion, S&P Global Inc. (SPGI) provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. Founded in 1860, the New York-based company operates through five segments: S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, and S&P Dow Jones Indices.

The company is expected to announce its fiscal Q1 earnings results on Tuesday, Apr. 29, before the market opens. Ahead of this event, analysts project the company to report a profit of $4.21 per share, up 5% from $4.01 per share in the year-ago quarter. The company has surpassed Wall Street's EPS estimates in all of the last four quarters, which is impressive. In the fourth quarter, SPGI reported EPS of $3.77, surpassing consensus estimates by 9.6%, driven primarily by robust revenue and operating profit growth in the company's Ratings division.

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