NEW YORK - S&P Global (NYSE: NYSE:SPGI) announced its second-quarter 2024 financial results today, surpassing analyst expectations for both earnings per share (EPS) and revenue. SPGI shares were trading 1.8% higher following the announcement.
The company reported an adjusted EPS of $4.04, which was $0.40 higher than the analyst estimate of $3.64. Revenue for the quarter was also strong, coming in at $3.55 billion, exceeding the consensus estimate of $3.41 billion.
S&P Global's comprehensive offerings in credit ratings, benchmarks, analytics, and workflow solutions continue to drive its financial success, as it provides essential intelligence to governments, businesses, and individuals.
Looking ahead, S&P Global provided guidance for the full fiscal year 2024, forecasting an adjusted EPS range of $14.35 to $14.60. The midpoint of this range, $14.475, is slightly above the analyst consensus of $14.33, indicating a positive outlook for the company's continued performance.
S&P Global's CEO commented on the results, stating, "Our strong second-quarter performance reflects our ongoing commitment to providing essential intelligence that enables conviction in decision-making for our clients." This statement underscores the company's strategic focus on delivering value through data and connected technology.
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