McGraw Hill Financial, Inc. MHFI, a leader among rating providers, benchmark providers and analytics, came out with third-quarter 2015 results, wherein adjusted earnings from continuing operations of $1.19 per share beat the Zacks Consensus Estimate of $1.08, and surged 16% from the year-ago quarter.
Management now projects 2015 earnings in the band of $4.45 to $4.50 per share. The current Zacks Consensus Estimate for the full year is $4.43, which could witness an uptrend in the coming days.
Earnings Estimate Revision: The Zacks Consensus Estimate for 2015 and 2016 has been portraying a downtrend in the last 30 days. However, if we look at McGraw Hill’s performance in the trailing four quarters (including the quarter under review), the company had outperformed the Zacks Consensus Estimate by an average of 8.2%.
Revenues: McGraw Hill generated revenue of $1,324 million that increased 5% year over year but fell short of the Zacks Consensus Estimate of $1,327 million. Top-line growth was supported by strong performances across S&P Capital IQ and SNL (up 14%), S&P Dow Jones Indices (up 9%) and Commodities & Commercial Markets (up 9%) partially offset by decline witnessed at S&P Ratings Services (down 3%).
Zacks Rank: Currently, McGraw Hill carries a Zacks Rank #4 (Sell) which is subject to change following the earnings announcement.
Check back later for our full write up on McGraw Hill’s earnings report!
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