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Moody's (NYSE: MCO) reported strong financial performance in the first quarter of 2024, showcasing operating leverage as issuance markets rebound. The company is investing in innovation to capture new opportunities in the era of exponential risk.
Positive
Strong financial performance in the first quarter of 2024
Operating leverage demonstrated as issuance markets rebound
Investment in innovation to capture new opportunities in the era of exponential risk
Negative
None.
Moody's Corporation's report for the first quarter of 2024 indicates a strong financial performance with particular emphasis on operating leverage and earnings growth. This can be attributed to a rebound in issuance markets, which traditionally impact rating agencies like Moody's due to increased demand for credit assessments and bond ratings. The commitment to funding innovation is a strategic move that may bear fruit by diversifying its business and tapping into new markets related to risk assessment. However, investors should be cognizant of the cyclical nature of the credit markets and how that may affect future earnings volatility. A deeper analysis of the full-year outlook, compared with historical performance and market expectations, would be necessary to assess the sustainability of this growth.
The positive financial results for Moody's in the first quarter are indicative of a broader trend in financial markets where increased issuance activity enhances the demand for credit rating services. The management's focus on leveraging these conditions to invest in innovative solutions for 'exponential risk' suggests a forward-looking approach. For a retail investor, it is important to understand the potential for Moody's to capitalize on emerging risk assessment markets. While the present performance is robust, investors should balance these results against the backdrop of potential economic shifts that could influence market issuance activity and Moody's revenue streams in the long term.
NEW YORK--(BUSINESS WIRE)--
Moody's Corporation (NYSE: MCO) today announced results for the first quarter 2024, and provided an updated outlook for select metrics for full year 2024.
The First Quarter 2024 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.
“Our strong first quarter financial performance is a testament to the unique power of our franchise, delivering tremendous operating leverage as issuance markets rebound, enabling us to fund innovation and investment in our business while delivering strong earnings growth,” said Rob Fauber, President and Chief Executive Officer of Moody’s. “This innovation and investment enables Moody’s to capture new opportunities in the era of exponential risk.”
Teleconference Details:
Date and Time
May 2, 2024, at 11:30 a.m. ET
Webcast
The webcast and its replay can be accessed through Moody’s Investor Relations website, ir.moodys.com within “Events & Presentations”.
Dial In
U.S. and Canada
+1-800-715-9871
Other callers
+1-646-307-1963
Passcode
515 6491
Dial In Replay
A replay will be available immediately after the call on May 2, 2024 and until June 1, 2024.
U.S. and Canada
+1-800-770-2030
Other callers
+1-647-362-9199
Confirmation code
515 6491
For further information, please contact Investor Relations at ir@moodys.com.
ABOUT MOODY’S
In a world shaped by increasingly interconnected risks, Moody’s (NYSE:MCO) data, insights, and innovative technologies help customers develop a holistic view of their world and unlock opportunities. With a rich history of experience in global markets and a diverse workforce of approximately 15,000 across more than 40 countries, Moody’s gives customers the comprehensive perspective needed to act with confidence and thrive.
moody's is an essential component of the global capital markets, providing credit ratings, research, tools and analysis that contribute to transparent and integrated financial markets. moody's corporation (nyse: mco) is the parent company of moody's investors service, which provides credit ratings and research covering debt instruments and securities, and moody's analytics, which offers leading-edge software, advisory services and research for credit and economic analysis and financial risk management. the corporation, which reported revenue of $3.3 billion in 2014, employs approximately 9,900 people worldwide and maintains a presence in 33 countries. further information is available at www.moodys.com.
