Moody’s Reports Increase in 4Q Net Income and Forecasts 2024 Earnings Growth with Stable Markets and Economy

In 2024, Moody’s Corp. is forecasting further growth with earnings projected between $9.45 a share and $10.20 a share or between $10.25 a share and $11 a share on an adjusted basis. This upward trajectory is based on an assumption of U.S. gross-domestic product expansion of 1%-to-2%, and a decline in the U.S. inflation rate to 2% by year-end, but the company also highlighted risks to the outlook, including potential impacts from changes in international conditions such as the Russia-Ukraine military conflict and the military conflict in Israel and surrounding areas.

Moody’s reported a significant increase in fourth-quarter net income with earnings rising to $340 million from $246 million a year earlier, marking a substantial increase of 38%. Excluding certain one-off items, Moody’s logged fourth-quarter earnings of $2.19 a share which fell short of the average analyst estimate of $2.33 a share by -5%. However, fourth-quarter revenue surged 15% to $1.48 billion, slightly below the average analyst target of $1

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