S&P Global Inc. (NYSE:SPGI) is reporting third quarter financial results on Tuesday 27th October 2020, before market open.
According to analysts surveyed by Thomson Reuters, SPGI is expected to report 3Q20 income of $ 2.58 per share from revenue of $ 1741.66 million.
For the full year, analysts anticipate top line of $ 7192.02 million, while looking forward to income of $ 11.11 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 10.75 ~ $ 10.95 per share
Click Here For More Historical Outlooks Of S&P Global Inc.
Previous Quarter Performance
S&P Global Inc. recorded income for the second quarter of $ 3.40 per share, from the revenue of $ 1,943.00 million. The quarterly earnings swell 39.92 percent while revenues expanded 14.03 percent compared with the same quarter last year.
According to street consensus, SPGI was expected to report 2Q20 income of $ 2.67 per share from revenue of $ 1769.54 million. The bottom line results beat street analysts by $ 0.73 or 27.34 percent, at the same time, top line results outshined analysts by $ 173.46 million or 9.80 percent.
Stock Performance
Shares of S&P Global Inc. traded up $ 0.18 or 0.05 percent on Friday, reaching $ 337.43 with volume of 582.20 thousand shares. S&P Global Inc. has traded high as $ 339.69 and has cracked $ 335.13 on the downward trend
According to the previous trading day, closing price of $ 337.43, representing a 81.26 % increase from the 52 week low of $ 186.06 and a 11.22 % decrease over the 52 week high of $ 379.87.
The company has a market capital of $ 81.32 billion and is part of the Financial Services sector and Capital Markets industry.
Recent Analyst recommendations
- On 12th October 2020, maintained by Morgan Stanley at Overweight rating, with $ 404.00 target price.
- On 6th October 2020, maintained by UBS Group at Buy rating, with $ 422.00 target price.
- On 2nd October 2020, maintained by Stifel Nicolaus at Hold rating, with $ 353.00 target price.
- On 2nd September 2020, maintained by BMO Capital Markets at Outperform rating, with $ 390.00 target price.
Conference Call
S&P Global Inc. will be hosting a conference call at 8:30 AM eastern time on 27th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.spglobal.com
S&P Global Inc., together with its subsidiaries, provides ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. The company operates through four segments: S&P Global Ratings (Ratings), S&P Global Market Intelligence (Market Intelligence), S&P Global Platts (Platts), and S&P Dow Jones Indices (Indices). The Ratings segment offers credit ratings, research, and analytics to investors, corporations, governments, municipalities, commercial and investment banks, insurance companies, asset managers, and other debt issuers.
