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With a market cap of $138.6 billion, S&P Global Inc. (SPGI) provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. Founded in 1860, the New York-based company operates through five segments: S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, and S&P Dow Jones Indices.
The company is expected to announce its fiscal Q1 earnings results on Tuesday, Apr. 29, before the market opens. Ahead of this event, analysts project the company to report a profit of $4.21 per share, up 5% from $4.01 per share in the year-ago quarter. The company has surpassed Wall Street's EPS estimates in all of the last four quarters, which is impressive. In the fourth quarter, SPGI reported EPS of $3.77, surpassing consensus estimates by 9.6%, driven primarily by robust revenue and operating profit growth in the company's Ratings division.
For fiscal 2025, analysts expect SPGI to report an EPS of $17.07 per share, up 8.7% from $15.70 in fiscal 2024. Moreover, its EPS is expected to increase 11.1% year-over-year to $18.96 per share in fiscal 2026.
Over the past year, SPGI shares have surged 9%, outperforming the S&P 500 Index’s ($SPX) 4.7% rally but underperforming the Financial Select Sector SPDR Fund’s (XLF) 13.8% surge over the same time frame.
SPGI shares surged 4.9% following its Q4 earnings release on Feb. 11. The company reported a 14% growth in its revenue, which amounted to $3.6 billion. Additionally, the company’s adjusted net income also increased 18% year-over-year to $1.2 billion. Looking ahead, SPGI expects revenue growth of 5% to 7% in fiscal 2025, and projects EPS to be within the range of $14.20 to $14.45.
Analysts' consensus view on SPGI’s stock is highly bullish, with a "Strong Buy" rating overall. Among 22 analysts covering the stock, 19 recommend a "Strong Buy," two recommend a “Moderate Buy,” and one indicates a “Hold” rating.
Its average analyst price target of $605.37 indicates a premium of 27.7% from the current market prices.
On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
