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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MSCI reported results that beat expectations on both top and bottom-line after a challenging 1Q24 that left the market in doubts. The rebound in retention rates from the prior quarter was a positive, and there was no deterioration in the current 2Q24 quarter. That said, MSCI continues to expect cancels to be elevated in 3Q24 compared to the prior year and that longer sales cycles continue to persist.
MSCI (MSCI) reported earnings 30 days ago. What's next for the stock?
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Shares of MSCI Inc. (MSCI, Financial) rose 7.90% on the trading day after posting strong second-quarter earnings on July 23. During the three months ended June 30, the financial data company was able to beat analyst expectations by a modest 2.47% for earnings per share and 1.66% for revenue.
MSCI Inc. had an 8% rebound in shares following decent second quarter results. Despite the better-than-expected quarter, MSCI is not seen as an attractive investment due to inferior positioning amid an industry transformation period. Peers including Moody's and S&P Global are still viewed as more attractive.