MSCI's third-quarter results showed revenue acceleration and margin improvements but didn't indicate a significant trend change relative to competition. Despite good results, MSCI's valuation remains high compared to peers like S&P Global, which have more diversified and wide-moat businesses. At 35 times '25 earnings, MSCI is above a 2x PEG, making it unattractive; thus, I maintain a 'Hold' rating.
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MSCI Inc. (NYSE:MSCI ) Q3 2024 Earnings Conference Call October 29, 2024 11:00 AM ET Company Participants Jeremy Ulan - Head of Investors Relations and Treasurer Henry Fernandez - Chairman and CEO Baer Pettit - President and COO Andy Wiechmann - Chief Financial Officer Conference Call Participants Manav Patnaik - Barclays Toni Kaplan - Morgan Stanley Alex Kramm - UBS Alexander Hess - JPMorgan Ashish Sabadra - RBC Capital Market Scott Wurtzel - Wolfe Research Kelsey Zhu - Autonomous Research George Tung - Goldman Sachs Faiza Alwy - Deutsche Bank David Motemaden - Evercore Kwun Sum Lau - Oppenheimer Craig Huber - Huber Research Partners Jason Haas - Wells Fargo Russell Quelch - Redburn Atlantic Gregory Simpson - BNP Paribas Operator Good day, ladies and gentlemen. And welcome to the MSCI Third Quarter 2024 Earnings Conference Call.
MSCI's third-quarter 2024 results benefit from strong growth in recurring subscription revenues.
While the top- and bottom-line numbers for MSCI (MSCI) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
MSCI (MSCI) came out with quarterly earnings of $3.86 per share, beating the Zacks Consensus Estimate of $3.77 per share. This compares to earnings of $3.45 per share a year ago.
Evaluate the expected performance of MSCI (MSCI) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
MSCI (MSCI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
MSCI (MSCI) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
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