Morningstar (NASDAQ: MORN) is set to announce its financial results for the third quarter of 2024 on Wednesday 23rd October 2024. This highly anticipated announcement is scheduled to take place after market close. Investors will have the opportunity to learn more about the company's performance during the quarter.
Financial experts on Wall Street anticipate that the enterprise is set to announce an estimated $2.00 profit per share for the quarter. Furthermore, the company is expected to disclose a total revenue of $565.74 million for this specific period.
The company's earnings report for the corresponding quarter of the previous year showcased a per-share income of $1.28. This figure was a result of the company's total revenue, which reached an impressive $515.5 million during that specific period.
Wall Street analysts have revealed their projections for the company's yearly performance, with a total revenue of $2.25 billion. Furthermore, they expect the business to achieve profit of $7.93 per share during the fiscal year.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Historical Earnings Insight | ||||
| Q2 2024 | $2.01 | +25.6% | 571.90 M | +13.3% |
| Q1 2024 | $1.73 | +208.9% | 542.80 M | +13.2% |
| Q4 2023 | $1.97 | +239.7% | 538.70 M | +13.4% |
| Q3 2023 | $1.28 | +66.2% | 515.50 M | +10.1% |
| Q2 2023 | $1.60 | +36.8% | 504.70 M | +7.3% |
| *Growth on year-over-year basis | ||||
During Monday's trading, Morningstar (MORN) shares reached a low of $340.41 and a high of $344.14, along with a total volume of 70.40 thousand shares. The stock ended the regular trading session at $342.84, indicating drop of 0.52 percent.
