S&P Global (SPGI) Tops Q3 EPS by 40c, Offers FY Guidance

S&P Global (NYSE: SPGI) reported Q3 EPS of $3.54, $0.40 better than the analyst estimate of $3.14. Revenue for the quarter came in at $2.09 billion versus the consensus estimate of $1.97 billion.

GUIDANCE:

S&P Global sees FY2021 EPS of $13.50-$13.65, versus the consensus of $13.20.

• Because the Company now anticipates the closing of the merger with IHS Markit in 2022, we are able to provide 2021 GAAP guidance for the first time. 2021 reported revenue is expected to increase low double-digits. GAAP EPS guidance is expected to be in a range of $12.50 to $12.65.
• The Company is providing adjusted guidance on a stand-alone basis that excludes merger expenses, and amortization of intangibles related to acquisitions. Adjusted diluted EPS guidance has been increased by $0.50 to $0.55 to a new range of $13.50 to $13.65. Guidance for free cash flow excluding certain items has also been increased to a new range of $3.6 billion to $3.7 billion.

For earnings history and earnings-related data on S&P Global (SPGI) click here.

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