MSCI Inc (NYSE:MSCI) is reporting third quarter financial results on Tuesday 27th October 2020, before market open.
According to analysts surveyed by Thomson Reuters, MSCI is expected to report 3Q20 income of $ 1.80 per share from revenue of $ 422.69 million.
For the full year, analysts anticipate top line of $ 1683.86 million, while looking forward to income of $ 7.28 per share bottom line.
Previous Quarter Performance
MSCI Inc communicated income for the second quarter of $ 1.77 per share, from the revenue of $ 409.62 million. The quarterly earnings elevated 14.94 percent compared with the same quarter last year. The consensus estimates are income of $ 1.67 per share from $ 410.52 million in revenue. The bottom line results beat street analysts by $ 0.1 or 5.99 percent, at the same time, top line results fell short of analysts by $ 0.9 million or 0.22 percent.
Stock Performance
Shares of MSCI Inc traded up $ 2.92 or 0.84 percent on Friday, reaching $ 350.55 with volume of 425.50 thousand shares. MSCI Inc has traded high as $ 352.00 and has cracked $ 347.23 on the downward trend
According to the previous trading day, closing price of $ 350.55, representing a 58.99 % increase from the 52 week low of $ 218.65 and a 12.76 % decrease over the 52 week high of $ 398.49.
The company has a market capital of $ 29.32 billion and is part of the Financial Services sector and Capital Markets industry.
Recent Analyst recommendations
- On 6th October 2020, initiated by Oppenheimer at Outperform rating, with $ 416.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.78 per share on July 27, 2020. The dividend were payable on August 31, 2020 to holders of record as of the close of business on August 14, 2020 and ex-dividend date on August 13, 2020.
Conference Call
MSCI Inc will be hosting a conference call at 11:00 AM eastern time on 27th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.msci.com
MSCI Inc., together with its subsidiaries, provides investment decision support tools for the clients to manage their investment processes worldwide. The company operates through four segments: Index, Analytics, ESG, and Real Estate. The Index segment primarily provides equity indexes for use in various areas of the investment process, including index-linked product creation and performance benchmarking, as well as portfolio construction and rebalancing, and asset allocation.
