财务数据和关键指标变化 - 2023年公司收入增长8%,调整后每股收益增长16% [5] - 2024年公司预计收入增长高个位数到低双位数,调整后每股收益在10.25美元到11美元之间 [8] - 2023年公司经营利润率提升超过100个基点 [5] - 2024年公司预计经营利润率在44%到46%之间,较2023年提升约100个基点 [22] 各条业务线数据和关键指标变化 - 2023年Moody's Analytics(MA)业务年度经常性收入增长10%,保持中90%的续订率 [5] - 2024年MA业务预计收入增长约10%,经常性收入增长低双位数 [5] - 2023年Moody's Investor Service(MIS)业务收入增长6% [5] - 2024年MIS业务预计收入增长高个位数到低双位数 [8] 各个市场数据和关键指标变化 - 2023年公司在拉丁美洲的Moody's Local业务有22%的有机收入增长 [14] - 2023年公司在金融服务行业以外的新客户销售复合年增长率达14% [14] 公司战略和发展方向及行业竞争 - 公司正加大在人工智能(GenAI)、新产品开发和技术平台化等三大领域的投资 [15][16][19] - 公司正在扩大在私募信贷、数字金融等新兴市场的覆盖 [10] - 公司在评级、风险管理等领域保持市场领先地位,在Chartis RiskTech100排名连续两年第一 [9] 管理层对经营环境和未来前景的评论 - 管理层认为2024年市场环境将更加有利,预计利率将在第二季度开始下降 [20][66] - 管理层认为公司有很大的增长潜力,正在加大投资以充分利用人工智能、拓展新客户和深化现有客户关系 [13][14] 问答环节重要的提问和回答 问题1 **George Tong 提问** 询问公司在人工智能、产品开发和技术平台化方面的投资计划及其对2024年利润率的影响 [25][26] **Rob Fauber 和 Caroline Sullivan 回答** - 公司在这三大领域的增量投资约6000万美元 - 这些投资将对2024年MA业务利润率产生一定压力,但MIS业务利润率有望提升约200个基点 [27][78][79] 问题2 **Toni Kaplan 提问** 询问公司对正常发行水平的看法,以及从当前水平恢复到正常水平的空间 [29] **Rob Fauber 和 Mike West 回答** - 公司认为2023年发行水平略低于过去10年的平均水平,但2024年有望回升至略高于平均水平 [30][66] - 公司预计2024年公司债券和高收益债券发行将好于投资级债券 [66][102][103] 问题3 **Manav Patnaik 提问** 询问MIS业务中经常性收入的增长情况 [67] **Rob Fauber 回答** - MIS业务中经常性收入增长预计将温和上升,主要受益于新增评级客户的增加 [67]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (MARK ONE) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED December 31, 2023 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) Delaware 13-3998945 (STATE OF INCORPORATION) (I.R.S. ...

Moody's (MCO) reported $1.48 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 14.7%. EPS of $2.19 for the same period compares to $1.60 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.49 billion, representing a surprise of -0.66%. The company delivered an EPS surprise of -6.41%, with the consensus EPS estimate being $2.34.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how ...

Moody's (MCO) came out with quarterly earnings of $2.19 per share, missing the Zacks Consensus Estimate of $2.34 per share. This compares to earnings of $1.60 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -6.41%. A quarter ago, it was expected that this credit ratings agency would post earnings of $2.35 per share when it actually produced earnings of $2.43, delivering a surprise of 3.40%.Over the last four quarters, the comp ...

NEW YORK--(BUSINESS WIRE)--Moody's Corporation (NYSE: MCO) today announced results for the fourth quarter and full year 2023, and provided its outlook for full year 2024. The Fourth Quarter and Full Year 2023 Earnings Release and other earnings materials can be found on the Moody’s IR website at ir.moodys.com. In addition, the Earnings Release will be furnished with the Securities and Exchange Commission (SEC) on a Form 8-K and will be available on the SEC website at www.sec.gov. “ 2023 was a year of trem ...

Moody's (MCO) is scheduled to announce fourth-quarter and full-year 2023 results on Feb 13, before the opening bell. The company’s Corporate Finance line, the largest revenue contributor at the Moody's Investors Service (“MIS”) division, is likely to have witnessed solid revenue performance in the to-be-reported quarter.Global issuance activity was robust in the fourth quarter of 2023 compared with the prior-year quarter. The issuance volume also got boosted by the tightening of corporate spreads in the lat ...

Analysts on Wall Street project that Moody's (MCO) will announce quarterly earnings of $2.34 per share in its forthcoming report, representing an increase of 46.3% year over year. Revenues are projected to reach $1.49 billion, increasing 15.5% from the same quarter last year.Over the last 30 days, there has been an upward revision of 1.5% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts ov ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Moody's (MCO) , which belongs to the Zacks Financial - Miscellaneous Services industry.When looking at the last two reports, this credit ratings agency has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 3.27%, on average, in the last two quarters.For the last reported quarter, Moody's came out with earnings of $ ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Moody's (MCO) reports results for the quarter ended December 2023. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, the stock may move ...

Moody’s Corporation (NYSE:MCO) Q3 2023 Earnings Conference Call October 25, 2023 11:30 AM ET Company Participants Shivani Kak – Head, IR Rob Fauber - President, CEO & Director Caroline Sullivan - Interim CFO Conference Call Participants Heather Balsky – Bank of America Merrill Lynch Faiza Alwy - Deutsche Bank Alexander Kramm - UBS Shlomo Rosenbaum - Stifel, Nicolaus & Company Craig Huber - Huber Research Partners Russell Quelch - Redburn Scott Wurtzel - Wolfe Research Owen Lau - Oppenheimer Ashish Sabadra - ...