Table of Contents 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form10-Q (Mark one) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-14037 ____________________ Moody's Corporation (Exact name of registrant as specified in its charter) Delaw ...

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Kindly note that our content on Seeking Alpha and other platforms doesn't constitute financial advice ...

财务数据和关键指标变化 - 公司在2024年第三季度实现了18亿美元的收入，同比增长23% [18] - 调整后的每股收益（EPS）增长32%，达到11.90至12.10美元的指导区间，较去年增长约21% [25][73] - 调整后的运营利润率为48%，较去年增长600个基点 [5][22] 各条业务线数据和关键指标变化 - 评级业务收入增长41%，其中交易收入增长70% [5][18] - Moody's Analytics（MA）整体收入增长7%，其中ARR（年度经常性收入）增长9% [6][19] - 决策解决方案（Decision Solutions）收入增长12%，ARR达到14亿美元 [7][20] 各个市场数据和关键指标变化 - 投资级别交易收入增长137%，高于84%的发行增长 [18] - 杠杆融资交易收入增长67%，约8000万美元，受益于有利的利差环境 [19] - 新兴市场和国内债务市场的增长潜力被强调，预计将推动未来的评级需求 [13] 公司战略和发展方向和行业竞争 - 公司将继续投资于可持续金融和转型金融，以满足全球清洁能源投资需求 [12] - 公司在保险解决方案领域的整合和扩展被视为未来增长的关键 [16][17] - 公司在私募信贷和数字金融领域的战略定位被认为是未来的增长驱动力 [11][13] 管理层对经营环境和未来前景的评论 - 管理层对未来的发行环境持乐观态度，预计将继续受到低利率和高需求的支持 [34] - 预计2025年将面临的挑战和机遇被详细讨论，强调了市场的动态变化 [32][34] - 管理层提到，尽管存在一些不确定性，整体市场环境仍然支持未来的增长 [35] 其他重要信息 - 公司在Chartis RiskTech100中连续第三年获得第一名，显示出其在行业中的竞争力 [7] - 公司更新了2024年的全年度评级收入指导，预计将实现中高20%的增长 [24] 问答环节所有提问和回答 问题: 关于数据和信息的ARR放缓 - 管理层提到，政府合同的续约价值降低是导致ARR放缓的原因之一，预计未来的续约将面临挑战 [27][28] 问题: 2025年的发行前景 - 管理层表示，尽管存在一些拉动因素，整体上2025年的发行环境仍然偏向积极 [32][34] 问题: KYC业务的ARR增长放缓 - KYC业务的ARR增长为14%，低于去年同期的19%，主要受到政府合同续约影响 [84][85] 问题: 关于Praedicat的收购 - Praedicat的收购被视为进入意外险领域的重要一步，预计将为公司带来新的增长机会 [86][88] 问题: 私募信贷评估的增长 - 公司在私募信贷评估方面已经开始看到收入增长，尤其是在BDC（商业发展公司）评级方面 [91][92]

业绩总结 - 2024年第三季度收入增长23%，调整后的运营利润率提高320个基点至47.8%[5] - 调整后的稀释每股收益（EPS）增长32%，达到3.21美元[5] - 2024年第三季度的收入为15.04亿美元，同比增长35%[41] - 2024年前九个月公司收入为54.16亿美元，同比增长22%[118] - 2024年前九个月，调整后的净收入为1,663百万美元，较2023年同期的1,267百万美元增长约31.1%[109] 用户数据 - 2024年第三季度，私募信贷成为MIS增长的耐用驱动因素[6] - 2023年第三季度，重复性收入占总收入的61%，交易性收入占39%[60] - 2023年第三季度，非美国市场的收入占比为32%，美国市场的收入占比为68%[59] 未来展望 - 预计2024年收入将增长高达十几个百分点，调整后的稀释每股收益范围提高至11.90 - 12.10美元[5] - 2024年全年的收入增长预期在低十位数到高十位数之间[20] - 2024年每股收益（EPS）预期为9.95美元到10.35美元[20] - 2024年自由现金流预期为20亿到22亿美元[20] 新产品和新技术研发 - 2024年第三季度的调整后营业收入为867百万美元，较2023年的657百万美元增长210百万美元[103] - 研发支出为5亿美元，占总收入的5%[132] 市场扩张和并购 - 未来的资本市场活动受到再融资需求、并购活动等趋势的支持[5] - 2024年美国高收益债券利差预期在360到460个基点之间波动[43] 负面信息 - 2024年预计运营费用将增加约10%，达到38亿美元[85] - 2024年重组费用约占0.2%[119] 其他新策略和有价值的信息 - 客户满意度调查显示满意度达到90%[132] - 2024年折旧和摊销约占6.1%[119]

For the quarter ended September 2024, Moody's (MCO) reported revenue of $1.81 billion, up 23.2% over the same period last year. EPS came in at $3.21, compared to $2.43 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.73 billion, representing a surprise of +4.72%. The company delivered an EPS surprise of +11.07%, with the consensus EPS estimate being $2.89.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ex ...

Moody's (MCO) reported third-quarter 2024 adjusted earnings of $3.21 per share, which handily outpaced the Zacks Consensus Estimate of $2.89. The bottom line surged 32% from the year-ago quarter figure.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Robust global bond issuance volumes and steady demand for analytics supported Moody’s results. The company’s liquidity position was robust during the quarter. However, an increase in operating expenses posed a headwind.After considering ...

Moody's (MCO) came out with quarterly earnings of $3.21 per share, beating the Zacks Consensus Estimate of $2.89 per share. This compares to earnings of $2.43 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 11.07%. A quarter ago, it was expected that this credit ratings agency would post earnings of $3.06 per share when it actually produced earnings of $3.28, delivering a surprise of 7.19%.Over the last four quarters, the comp ...

MOODY'S CORPORATION REPORTS RESULTS FOR THIRD QUARTER 2024 NEW YORK, NY - October 22, 2024 - Moody's Corporation (NYSE: MCO) today announced results for the third quarter of 2024, and updated its outlook for full year 2024. | --- | --- | --- | |---------------------------------------|-----------------------------------------------------------------------|-----------------------------------------------| | Moody's Corporation (MCO) Revenue | THIRD QUARTER SUMMARY FINANCIALS \nMoody's Analytics (MA) Revenue | ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Moody's (MCO) , which belongs to the Zacks Financial - Miscellaneous Services industry, could be a great candidate to consider. This credit ratings agency has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 8.66%. For the most r ...

In its upcoming report, Moody's (MCO) is predicted by Wall Street analysts to post quarterly earnings of $2.82 per share, reflecting an increase of 16.1% compared to the same period last year. Revenues are forecasted to be $1.71 billion, representing a year-over-year increase of 16.3%.The consensus EPS estimate for the quarter has undergone an upward revision of 1.5% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial es ...