
Investment analytics provider MSCI (NYSE:MSCI) will be reporting results this Tuesday morning. Here’s what you need to know.
MSCI met analysts’ revenue expectations last quarter, reporting revenues of $822.5 million, up 10.6% year on year. It was a mixed quarter for the company, with but revenue in line with analysts’ estimates.
Is MSCI a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting MSCI’s revenue to grow 12.5% year on year, improving from the 9.7% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. MSCI has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at MSCI’s peers in the capital markets segment, some have already reported their Q1 results, giving us a hint as to what we can expect. FactSet delivered year-on-year revenue growth of 7.1%, beating analysts’ expectations by 1.1%, and BNY reported revenues up 13.8%, topping estimates by 4.3%. FactSet traded up 9.9% following the results while BNY was also up 2.4%.
Read our full analysis of FactSet’s results here and BNY’s results here.
There has been positive sentiment among investors in the capital markets segment, with share prices up 11.5% on average over the last month. MSCI is up 3.2% during the same time and is heading into earnings with an average analyst price target of $668.81 (compared to the current share price of $569.17).
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