Moody's (MCO) could produce exceptional returns because of its solid growth attributes.
The heavy selling pressure might have exhausted for Moody's (MCO) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
Moody's (MCO) stock price has done well over the years, helped by its organic growth and its role in the financial services industry. It has jumped from below $10 in 1998 to almost $500 today, meaning that a $100 investment at the time would now be worth over $7,300.
Moody's (MCO) possesses solid growth attributes, which could help it handily outperform the market.
Moody's (MCO) reported earnings 30 days ago. What's next for the stock?
Moody's (MCO) could produce exceptional returns because of its solid growth attributes.
Moody's is a global credit ratings agency assisting organizations in managing risk in fixed income investments. It operates in two segments: Moody's Analytics and Moody's Investors Service. Moody's has been growing through strategic acquisitions internationally, more than doubling revenues and incomes every decade, and has an asset-light business model. Moody's is currently very richly valued by the market; some of the highest valuations since 2000 by P/E and operating cash flow yield metrics.
Moody's MCO shares are currently trading in the vicinity of a 52-week high of $465.30, touched on Aug 9. The stock has gained 17.9% this year against the industry's decline of 0.5%.
Moody's (MCO) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Moody's (MCO) could produce exceptional returns because of its solid growth attributes.
The headline numbers for Moody's (MCO) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Moody's Corporation (NYSE:MCO ) Q2 2024 Results Conference Call July 23, 2024 1:00 PM ET Company Participants Shivani Kak - Head of Investor Relations Rob Fauber - President and Chief Executive Officer Noemie Heuland - Senior Vice President & Chief Financial Officer Conference Call Participants Owen Lau - Oppenheimer & Co. Andrew Nicholas - William Blair Greg Parrish - Morgan Stanley Manav Patnaik - Barclays Scott Wurtzel - Wolfe Research Alex Kramm - UBS Jeffrey Silber - BMO Capital Markets Andrew Steinerman - JPMorgan Ashish Sabadra - RBC Capital Markets George Tong - Goldman Sachs Craig Huber - Huber Research Partners Shlomo Rosenbaum - Stifel Faiza Alwy - Deutsche Bank Jeffrey Meuler - Baird Russell Quelch - Redburn Atlantic Heather Balsky - Bank of America Operator Good day, everyone, and welcome to the Moody's Corporation Second Quarter 2024 Earnings Call. At this time, I would like to inform you that, this conference is being recorded, and that all participants are in a listen-only mode.