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NEW YORK - Moody’s (NYSE:MCO) Corporation reported fourth quarter 2024 results on Thursday that surpassed analyst expectations, capping off a year of robust growth and setting an optimistic tone for 2025.
The credit ratings and financial services firm posted adjusted earnings per share of $2.62 for the fourth quarter, exceeding the analyst consensus of $2.30 by $0.32. Revenue for the period came in at $1.67 billion, topping the estimated $1.59 billion.
Moody’s full-year 2024 performance was particularly strong, with revenue growing 20% YoY.
The company’s Moody’s Investors Service (MIS) division saw transactional revenue surge 54%, outpacing overall debt issuance growth of 42%. Moody’s Analytics (MA) achieved 9% annual recurring revenue growth, driven by strong demand for workflow solutions.
Looking ahead, Moody’s provided guidance for fiscal year 2025, projecting revenue growth in the high-single-digit percent range. The company expects adjusted earnings per share between $14.00 and $14.50, which represents low-to-mid-teens growth compared to 2024’s 26% increase.
This outlook surpasses the current analyst consensus of $13.59 per share.
"Moody’s delivered a strong finish in Q4, capping a year of incredible achievements with full year revenue growth of 20%," said Rob Fauber, President and Chief Executive Officer of Moody’s. "We sit at the intersection of deep currents that are transforming the way companies do business and markets function."
The company also updated its medium-term guidance, raising its adjusted earnings per share growth rate target to a range of low-to-mid-teens percent, reflecting confidence in its strategic positioning and market opportunities.
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