S&P Global Inc. (SPGI) is scheduled to release its first-quarter 2024 results on Apr 25, before market open.SPGI has a decent earnings surprise history, having surpassed the Zacks Consensus Estimate in two of the four trailing quarters, missing on one and meeting on another instance, the average earnings surprise being 3.1%.Q1 ExpectationsThe Zacks Consensus Estimate for the top line is pegged at $3.4 billion, indicating an increase of 7.4% from the year-ago quarter’s reported figure. An improved segmental ...

New Collaboration Helps GM Dealers Save Time, Stretch BudgetsCENTREVILLE, Va., April 22, 2024 /PRNewswire/ -- CARFAX is pleased to announce General Motors (GM) has approved CARFAX Car Listings as an in-Market Retail (IMR) Turnkey Product.This means that GM dealers, including Chevrolet, Buick, GMC and Cadillac, can now leverage IMR Turnkey for CARFAX Car Listings, allowing dealers even more opportunities to stretch their advertising budgets. CAR FOX (PRNewsfoto/CARFAX) This collaboration is a significan ...

NEW YORK, April 16, 2024 /PRNewswire/ -- Higher credit costs are expected to serve as a modest headwind to U.S. bank earnings this year, according to S&P Global Market Intelligence's newly released U.S. Bank Market Report. U.S. bank earnings are expected to dip 2.8 percent year-over-year, excluding the purchase gains associated with the three failed bank acquisitions in 2023, as modest margin pressure and notably higher credit costs prevent earnings growth. "Even as interest rates are expected to fall in th ...

S&P Global Inc. (SPGI) has had an impressive run over the past year. The stock has gained 22%, outperforming the 19% rise of the industry it belongs to.Reasons Behind the RallyS&P Global is benefiting from the growing demand for business information services. The constantly increasing volume of data from private and government organizations has augmented the demand for improved enterprise-wide financial performance visibility. Increased demand for news, information and analytics solutions is driving the gro ...

North American suppliers struggling to meet orders due to a lack of staff Manufacturing recession in Europe eases in March, but steep downturn in Germany remains a major drag on the continent Despite Red Sea and Panama Canal disruptions, transportation costs and stockpiling fell in March because of decreases in container rates CLARK, N.J., April 12, 2024 /PRNewswire/ -- The GEP Global Supply Chain Volatility Index — a leading indicator tracking demand conditions, shortages, transportation costs, inventorie ...

Chunumunu In my initiation report published in September 2023, I highlighted S&P Global's (NYSE:SPGI) diversified portfolios, and anticipated that the global debt issuance would begin to stabilize. S&P Global delivered 6% organic revenue growth in FY23, with Ratings business growing at 9% year-over-year, and they guide 7-9% organic revenue growth with 100bps margin expansion for FY24. I expect the growth in their Ratings business to exceed their guidance in FY24. I am upgrading to 'Strong Buy' rating with a ...

S&P Global (SPGI) stock has jumped 23.6% in the past year, outperforming 20.9% growth of the industry it belongs to.SPGI reported mixed fourth-quarter results, wherein earnings per share of $3.13 missed the Zacks Consensus Estimate by 0.6% but increased 23.2% year over year. Revenues of $3.2 billion surpassed the consensus estimate by 0.5% and improved 7.3% year over year, backed by strong performances in all divisions.How is S&P Global Doing?SPGI has received a boost from service launches that influenced i ...

NEW YORK, April 3, 2024 /PRNewswire/ -- S&P Global's (NYSE: SPGI) first quarter 2024 results will be issued on Thursday, April 25, 2024 via news release at approximately 7:15 a.m. Eastern Daylight Time. The news release will be available at www.spglobal.com. Douglas L. Peterson, President and CEO; Christopher Craig, Interim CFO; and Mark Grant, Senior Vice President, Investor Relations, will host a conference call and webcast at 8:30 a.m. Eastern Daylight Time on April 25, 2024 to discuss the Company's firs ...

New solution evaluates the effectiveness of large language models (LLMs) for financial and quantitative use casesNEW YORK, April 3, 2024 /PRNewswire/ -- S&P Global (NYSE: SPGI) is proud to announce the launch of S&P AI Benchmarks by Kensho. This innovative benchmarking solution assesses and ranks the quantitative reasoning abilities and expertise of large language models (LLMs) across the business and finance industry. The results of these assessments will be displayed on a scoreboard, providing a transpare ...

Q1 2024 U.S. common dividend increases were $22.7 billion, up 29.5% from $17.5 billion in Q4 2023 and up 14.9% from $19.7 billion in Q1 2023. Q1 2024 U.S. common dividend decreases were $6.7 billion, up 73.3% from $3.9 billion in Q4 2023, and down 33.3% from $10.0 billion in Q1 2023. Q1 2024 net indicated dividend rate change increased $16.0 billion. The 12-months ending March 2024, U.S. common dividend increases were $68.1 billion, down 8.6% from the 12-month March 2023 period's $74.5 billion; decreases ...