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MSCI Gearing Up to Report Q2 Earnings: What's in the Cards?

Zacks Equity Research
·3 mins read

MSCI MSCI is set to report second-quarter 2020 results on Jul 28.

The Zacks Consensus Estimate for second-quarter earnings has increased 1.8% to $1.70 per share over the past 30 days, suggesting 10.4% growth from the figure reported in the year-ago quarter.

The consensus mark for revenues is pegged at $411.9 million, indicating an increase of 6.8% from the year-ago quarter’s reported figure.

Notably, the company’s earnings beat the Zacks Consensus Estimate in the trailing four quarters, the average being 6.1%.
 

MSCI Inc Price and EPS Surprise

 

MSCI Inc Price and EPS Surprise
MSCI Inc Price and EPS Surprise

MSCI Inc price-eps-surprise | MSCI Inc Quote

Let’s see how things are shaping up for the upcoming announcement.

Factors to Note

Robust adoption of MSCI’s solutions, driven by strong demand for cost-effective investment strategies with sustainable and risk-optimized returns, is expected to have driven top-line growth in the to-be-reported quarter.

Moreover, surging demand for custom and factor index modules, and the increasing uptake of the company’s ESG solution in the investment process, is expected to have benefited MSCI.

Notably, assets in ETFs linked to MSCI indexes increased 16.3% sequentially to $825.4 billion at the end of second-quarter 2020. Stock market recovery, supported by unprecedented stimulus amid disruptions caused by the coronavirus, is expected to have boosted asset-based fee revenue in the to-be-reported quarter.

Nevertheless, the coronavirus pandemic is expected to have affected average assets under management (AUM) in ETFs linked to MSCI indexes. Moreover, retention rate is also expected to have suffered.

What Our Model Says

Per the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat.

MSCI has an Earnings ESP of +0.39% and a Zacks Rank #2. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Other Stocks to Consider

Here are a few other companies worth considering as our model shows that these too have the right combination of elements to beat on earnings in their upcoming releases:

PerkinElmer PKI has an Earnings ESP of +22.13% and a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.

Carrier Global CARR has an Earnings ESP of +20.00% and is Zacks #2 Ranked.

Fortive FTV has an Earnings ESP of +4.87% and is #2 Ranked.

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PerkinElmer, Inc. (PKI) : Free Stock Analysis Report
 
MSCI Inc (MSCI) : Free Stock Analysis Report
 
Fortive Corporation (FTV) : Free Stock Analysis Report
 
Carrier Global Corporation (CARR) : Free Stock Analysis Report
 
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Zacks Investment Research