Moody's: Q2 2024 Fuels Its Golden Period
Moody’s(MCO) Seeking Alpha·2024-07-24 04:00
Chunumunu Moody's (NYSE: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. In addition, guidance was revised upward again, further fueling Moody's golden moment. Despite various mixed signals (inverted yield curve and Sahm Rule), the U.S. economy remains resilient, as do ...