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S&P Global to Report Q2 Earnings: What's in the Offing?
S&P Global Inc. (NYSE: SPGI) is scheduled to release its second-quarter 2024 results on Jul 30, before market open.
SPGI has a decent earnings surprise history, having surpassed the Zacks Consensus Estimate in two of the four trailing quarters, missing on one and meeting on another instance, the average earnings surprise being 3.4%.
S&P Global Inc. Price and EPS Surprise
S&P Global Inc. price-eps-surprise | S&P Global Inc. Quote
Q2 Expectations
The Zacks Consensus Estimate for revenues is pegged at $3.4 billion, indicating an increase of 10.1% from the year-ago quarter's actual. The top line is expected to have gained primarily from transaction revenues in the Ratings division and subscription revenues across the entire company.
Our estimate for Mobility revenues indicates 9.1% growth from the year-ago quarter to $402.5 million. We expect continued growth of the Mobility division through business growth in products served by new car listings and CARFAX for Life, the addition of market scan, strong underwriting volumes, and price rise. Commodity Insights' revenue estimates are pegged at $497.4 million, implying a 7.7% rise from the year-ago reported figure. Rising demand in Price Assessments and Energy, and Resources Data is anticipated to have driven this segment's ...