MCO

A month has gone by since the last earnings report for StoneX Group Inc. (SNEX). Shares have added about 4.2% in that time frame, outperforming the S&P 500. But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is StoneX Group due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. StoneX reported third-quarter fiscal 2026 earnings of $1.00 per share, which handily surpassed the Zacks Consensus Estimate of 76 cents. The bottom line jumped 85.2% year over year.Operating revenues increased 43.3% to $1.47 billion. The top line beat the consensus mark of $1.32 billion by 11.6%. Results benefited from broad-based strength across Commercial and Institutional segments, with higher volatility and increased demand supporting client activity. However, weakness in the Self-Directed/Retail segment and higher expenses were the headwinds.Net income more than doubled to $127.9 million from $63.4 million. Net operating revenues rose 47% year over year to $719.7 million. Listed derivatives net operating revenues increased 113% to $121.2 million, while over-the-counter derivatives advanced 73% to $101.9 million.Securities net operating revenues grew 36% to $171.3 million. Physical contracts surged 162% to $87.4 million, and interest and fees earned on client balances increased 51% to $111.9 million. However, FX and contracts-for-difference revenues declined 19% to $62.4 million. Commercial operating revenues jumped 97% to $452.2 million. Segment income more than doubled to $181.4 million from $82.7 million in the prior-year quarter. Growth was broad-based. Listed derivatives operating revenues rose 110% to $152.5 million, OTC derivatives increased 73% to $101.8 million and physical contracts climbed 106% to $115.4 million. Average client equity in listed derivatives soared 162% to $4.54 billion.Institutional operating revenues increased 40% to $875.3 million, while segment income rose 49% to $129.9 million. Net operating revenues for the segment jumped 56% to $312.3 million. Listed derivatives operating revenues surged 145% to $131.8 million, supported by an 83% increase in contract volume. Securities revenues grew 26% to $573.8 million as average daily volume (ADV) increased 33% to $12.26 billion. The R.J. O’Brien acquisition contributed 27 million listed derivatives contracts during the quarter.Self-Directed/Retail operating revenues declined 13% to $96.3 million. Segment income fell 36% to $24.9 million, reflecting pressure from lower FX and CFD activity. FX and CFD operating revenues decreased 19% to $64.7 million as ADV plunged 27% to $6.81 billion. Securities revenues provided a partial offset, rising 3% to $30.4 million. Revenue per million for FX and CFD contracts improved 11% to $147.Payments operating revenues rose 13% to $60.3 million, while segment income increased 22% to $34.4 million. Net operating revenues grew 12% to $56.4 million. The segment’s ADV increased 20% to $96 million. Revenue per million declined 7% to $9,915, indicating that stronger activity levels more than offset lower revenue capture. Total fixed compensation and other expenses increased 22% year over year to $314.2 million. Fixed compensation and benefits rose 21% to $149.8 million, while non-trading technology and support costs climbed 43% to $30.1 million.Variable compensation and benefits jumped 70% to $244 million. Transaction-based clearing expenses increased 52% to $144.3 million, and introducing broker commissions rose 87% to $93.1 million. As of June 30, 2026, return on equity improved to 18.4% from 13.1%, while return on tangible book value increased to 25% from 13.8%. Adjusted EBITDA rose 70% to $229.5 million.Cash and cash equivalents totaled $2.19 billion as of June 30, 2026, compared with $1.61 billion at fiscal 2025-end. Total stockholders’ equity increased to $2.84 billion from $2.38 billion. Management highlighted continued integration benefits from R.J. O’Brien, which has strengthened StoneX’s futures commission merchant position. The R.J. O’Brien integration remains on track to be largely completed in fiscal 2026. Annualized synergies reached about $38 million at the end of the fiscal third quarter and are expected to move closer to $45-$46 million by fiscal year-end, with the rest realized in fiscal 2027. Management remains confident in achieving the $50 million annualized synergy target. In the past month, investors have witnessed a upward trend in estimates revision. The consensus estimate has shifted 12.17% due to these changes. At this time, StoneX Group has a nice Growth Score of B, though it is lagging a lot on the Momentum Score front with a D. However, the stock was allocated a score of B on the value side, putting it in the second quintile for this investment strategy. Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in. Estimates have been trending upward for the stock, and the magnitude of this revision looks promising. It comes with little surprise StoneX Group has a Zacks Rank #1 (Strong Buy). We expect an above average return from the stock in the next few months. StoneX Group is part of the Zacks Financial - Miscellaneous Services industry. Over the past month, Moody's (MCO), a stock from the same industry, has gained 6.6%. The company reported its results for the quarter ended June 2026 more than a month ago. Moody's reported revenues of $2.19 billion in the last reported quarter, representing a year-over-year change of +15.1%. EPS of $4.68 for the same period compares with $3.56 a year ago. For the current quarter, Moody's is expected to post earnings of $4.26 per share, indicating a change of +8.7% from the year-ago quarter. The Zacks Consensus Estimate remained unchanged over the last 30 days. The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for Moody's. Also, the stock has a VGM Score of C. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report StoneX Group Inc. (SNEX) : Free Stock Analysis Report Moody's Corporation (MCO) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

It has been about a month since the last earnings report for Upstart Holdings, Inc. (UPST). Shares have lost about 6.7% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is Upstart due for a breakout? Well, first let's take a quick look at the latest earnings report in order to get a better handle on the recent catalysts for Upstart Holdings, Inc. before we dive into how investors and analysts have reacted as of late. •    Revenues: $364.7 million in second-quarter 2026, up 42% year over year.•    EPS: 16 cents, up 220% year over year from 5 cents in the prior-year quarter.•    Revenues from fees: $348 million, up 45% year over year, with platform/referral fees of $284.1 million, servicing/other fees of $54.8 million and loan sales fees of $9.1 million.•    GAAP net income: $16.5 million, up 195% year over year from $5.6 million in the prior-year quarter. Net income margin was 5% versus 2% a year earlier.•    Contribution profit: $193.1 million, up 37% year over year; contribution margin 55% compared to 58% in the prior-year quarter.•    Adjusted EBITDA: $76.9 million, up 45% year over year; adjusted EBITDA margin of 21% in second-quarter 2026.•    Originations: $4.2 billion, up 50% year over year; 558,014 loans originated, up 50% year over year. Top-line growth was driven by higher marketplace originations, stronger fee revenues and continued expansion beyond core unsecured lending. Total originations rose to $4.2 billion, while fee-based revenues reached $348 million, as platform/referral fees, servicing/other fees and newly separated loan sales fees all contributed to the second quarter. Profitability improved despite higher operating costs. GAAP net income increased to $16.54 million, adjusted EBITDA reached $76.9 million and adjusted EBITDA margin was 21%. Contribution profit reached an all-time high of $193.1 million, though contribution margin declined to 55% from 58% a year ago as product mix continued to include faster-growing secured products with lower current margins. Unsecured Lending, which includes personal loans, small-dollar loans and Cash Line, remained the largest contributor in the second quarter. Fee revenue rose 38% year over year to $326.3 million, while originations increased 38% year over year to $3.64 billion. Loan count reached 535,191 in the reported quarter. Contribution profit in Unsecured Lending was $200.8 million compared with $147.3 million in prior-year quarter. Contribution margin was 62%, flat year over year and up six percentage points sequentially, supported by a larger mix of higher-margin core personal loans, lower customer acquisition costs as a percentage of originations and an expected seasonal pickup in demand. Secured products continued to grow rapidly, with fee revenue rising 465% year over year to $22 million. Secured originations reached $589 million, including $426 million from auto and $163 million from home products. Auto originations increased 264% year over year, while home originations rose 139%. Margins in secured products remained negative but improved materially. Contribution margin was negative 35% compared with negative 176% in the prior-year quarter and negative 96% in the first quarter of 2026. Management attributed the improvement to better take rates, operational efficiencies, automation, funnel optimization and lower HELOC origination costs, which fell 15% sequentially. Total operating expenses were $350.1 million, up 39% year over year and 11% sequentially. Management expects fixed expenses to grow at a low-single-digit sequential pace in the third and fourth quarters of 2026. Upstart ended the quarter with $456 million in cash and cash equivalents and $526.3 million in restricted cash. Loans at fair value totaled $1.06 billion, while beneficial interest assets were $545.9 million. The balance sheet continued to reflect a capital-light marketplace model. Loans held on Upstart’s balance sheet accounted for just 5.9% of total outstanding loans, the lowest level in nearly two years. Management maintained full-year 2026 guidance for total revenues of approximately $1.4 billion, fee revenues of about $1.3 billion and adjusted EBITDA of $294 million, implying a 21% margin. Management highlighted progress in reaccelerating core personal loans, improving the profitability of Home and Auto, maintaining capital efficiency and driving a rebound in overall profitability. The company also received OCC conditional approval for its national bank charter in July 2026, with additional regulatory approvals and operational work; management’s targeted launch is in early 2027. In the past month, investors have witnessed a upward trend in estimates review. The consensus estimate has shifted -20.69% due to these changes. At this time, Upstart has a subpar Growth Score of D, however its Momentum Score is doing a bit better with a C. Charting a somewhat similar path, the stock was allocated a grade of D on the value side, putting it in the bottom 40% for value investors. Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in. Estimates have been trending upward for the stock, and the magnitude of this revision indicates a downward shift. Interestingly, Upstart has a Zacks Rank #4 (Sell). We expect a below average return from the stock in the next few months. Upstart is part of the Zacks Financial - Miscellaneous Services industry. Over the past month, Moody's (MCO), a stock from the same industry, has gained 1.2%. The company reported its results for the quarter ended June 2026 more than a month ago. Moody's reported revenues of $2.19 billion in the last reported quarter, representing a year-over-year change of +15.1%. EPS of $4.68 for the same period compares with $3.56 a year ago. Moody's is expected to post earnings of $4.26 per share for the current quarter, representing a year-over-year change of +8.7%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged. The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for Moody's. Also, the stock has a VGM Score of C. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Upstart Holdings, Inc. (UPST) : Free Stock Analysis Report Moody's Corporation (MCO) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

WILMINGTON, Del., August 28, 2026--(BUSINESS WIRE)--Moody’s Investors Service has reaffirmed their ratings to WSFS Financial Corporation (NASDAQ: WSFS) ("WSFS" or "the Company") and WSFS Bank with issuer ratings of Baa2 and revised outlook to positive from stable. The change in outlook was driven by improved credit, sustained earnings and continued balance sheet strength, underscoring the resilience of the franchise and financial performance. Long-and short-term deposits of A2/Prime-1, together with a standalone Baseline Credit Assessment of baa1. Moody’s has also assigned Counterparty Risk Assessment of A3(cr)/Prime-2(cr) and Counterparty Risk Ratings (local and foreign currency) of Baa1/Prime-2. Moody’s debt ratings for WSFS can be accessed here. "Moody’s affirmation of our Baa2 investment-grade rating and its decision to revise our outlook to positive from stable reflects the strength of our diversified business model, disciplined risk management, and resilient balance sheet. We have continued to deliver strong financial performance while maintaining solid capital levels, a robust liquidity profile, and low reliance on wholesale funding. We believe the positive outlook underscores our continued momentum and long-term financial strength," said David Burg, Executive Vice President and Chief Financial Officer, WSFS. About WSFS Financial Corporation WSFS Financial Corporation is a multibillion-dollar financial services company. Its primary subsidiary, WSFS Bank, is the oldest and largest locally headquartered bank and wealth management franchise in the Greater Philadelphia and Delaware region. As of June 30, 2026, WSFS Financial Corporation had $22.7 billion in assets on its balance sheet and $101.7 billion in assets under management and administration. WSFS operates from 114 offices, 87 of which are banking offices, located in Pennsylvania (58), Delaware (38), New Jersey (14), Florida (2), Nevada (1) and Virginia (1) and provides comprehensive financial services including commercial banking, consumer banking, treasury management, and trust and wealth management. Other subsidiaries or divisions include Arrow Land Transfer, Bryn Mawr Trust Advisors, LLC, Bryn Mawr Trust®, The Bryn Mawr Trust Company of Delaware, Cash Connect®, NewLane Finance®, WSFS Wealth® Management, LLC, WSFS Institutional Services®, and WSFS Mortgage®. Serving the Greater Delaware Valley since 1832, WSFS Bank is one of the ten oldest banks in the United States continuously operating under the same name. For more information, please visit www.wsfsbank.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260827798111/en/ Contacts Investor Relations:Andrew Basile(302) [email protected] Media:Connor Peoples(215) [email protected]

A month has gone by since the last earnings report for Rithm (RITM). Shares have added about 0.9% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Rithm due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Rithm Capital posted second-quarter 2026 earnings available for distribution of 60 cents per share, beating the Zacks Consensus Estimate of 50 cents. The figure increased 11.1% from 54 cents in the prior-year quarter. Quarterly results reflected higher asset management revenues, interest income and commercial real estate revenues. Strong residential transitional lending originations were other positives. However, lower servicing revenues and higher operating expenses were the undermining factors. Net income attributable to common stockholders (GAAP) was $20.2 million, down 92.9% from $283.9 million in the prior-year quarter. Revenues & Expenses Increase Total revenues were $1.28 billion, up 5.4% year over year. The metric missed the Zacks Consensus Estimate of $1.46 billion by 12.1%. Rithm Capital’s total operating expenses were $1.28 billion, up 34% year over year. Segment Performance & Business Momentum Newrez posted pre-tax operating income of $307.6 million in the second quarter, excluding MSR mark-to-market loss, net of hedges, and other non-operating items of $194.5 million. This rose 11.8% from $275.1 million in the prior-year quarter. Newrez generated a 22% annualized operating return on equity on $5.7 billion of average ending segment equity. The total servicing unpaid principal balance reached $865.2 billion at the end of the quarter, including $268.4 billion in third-party servicing. Funded origination volume was $15.9 billion, down 2% year over year. Genesis Capital recorded second-quarter origination volume of $1.9 billion, up 52% year over year and marking its strongest origination quarter. Genesis expanded its sponsor base by funding 125 new sponsors during the quarter, marking an increase of 46% year over year. Rithm Asset Management had approximately $61 billion in assets under management as of June 30, 2026, up 69.4% from approximately $36 billion in the prior-year quarter. The increase was driven by $1.9 billion in gross inflows and new fund commitments. Asset management revenues were approximately $141 million, up 48.4% year over year, driven by higher incentive fee income. Balance Sheet Expands As of June 30, 2026, total assets were $54.11 billion, up 22.1% from $44.32 billion at June 30, 2025. Cash, cash equivalents and restricted cash increased 17.7% to $2.45 billion from $2.09 billion in the year-ago quarter. For 2026, management expects Genesis to generate $6.5-$7 billion of production and $150-$175 million of EBITDA. In the past month, investors have witnessed a downward trend in estimates revision. The consensus estimate has shifted -7.32% due to these changes. Currently, Rithm has a poor Growth Score of F, however its Momentum Score is doing a lot better with a B. Following the exact same course, the stock was allocated a score of B on the value side, putting it in the second quintile for value investors. Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in. Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, Rithm has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months. Rithm belongs to the Zacks Financial - Miscellaneous Services industry. Another stock from the same industry, Moody's (MCO), has gained 6.5% over the past month. More than a month has passed since the company reported results for the quarter ended June 2026. Moody's reported revenues of $2.19 billion in the last reported quarter, representing a year-over-year change of +15.1%. EPS of $4.68 for the same period compares with $3.56 a year ago. Moody's is expected to post earnings of $4.26 per share for the current quarter, representing a year-over-year change of +8.7%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged. The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for Moody's. Also, the stock has a VGM Score of D. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Rithm Capital Corp. (RITM) : Free Stock Analysis Report Moody's Corporation (MCO) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Moody's stock has delivered a strong 55.6% return over the past three years, yet current valuation checks suggest the share price already embeds a premium to the latest intrinsic value estimates. Both the Excess Returns model and market multiples currently point to Moody's trading on the expensive side rather than as a clear bargain. The roughly 55.6% gain over three years highlights how much future growth the market may already be pricing into Moody's. The recent move to bring Moody's decision grade credit intelligence into Google Cloud's Gemini Enterprise for Financial Services can support long term growth expectations, while any disappointment in credit demand or risk appetite may weigh on those assumptions. The broader valuation checks give Moody's a value score of 1 out of 6, which leans expensive rather than pointing to a clear value opportunity. The key question now is whether Moody's current share price leaves enough room for investors to be comfortable with the premium implied by these valuation signals. Broaden your watchlist beyond Moody's by reviewing hand picked solid balance sheet and fundamentals stocks screener (51 results) that could offer a different balance of quality and valuation risk. The Excess Returns model looks at how much profit Moody's can generate over and above the required return on its equity base, then discounts those surplus profits back per share. For Moody's, the inputs suggest a relatively small book value of $17.47 per share is being used to generate stable EPS of $19.48 per share, with an average return on equity of 85.03% and an estimated excess return of $17.64 per share after a $1.84 per share cost of equity. That future profit stream is anchored by a stable book value estimate of $22.91 per share. On these assumptions, the Excess Returns model points to an intrinsic value of about $429 per share. This sits below the current market price and implies the stock is roughly 19.9% overvalued. Moody's recent move to bring its credit intelligence into Google Cloud's Gemini Enterprise for Financial Services may help explain why investors are willing to pay a premium to this intrinsic value estimate. Overall, the Excess Returns workup suggests Moody's stock looks overvalued relative to its current intrinsic value estimate. Our Excess Returns analysis suggests Moody's may be overvalued by 19.9%. Discover 51 high quality undervalued stocks or create your own screener to find better value opportunities. Head to the Valuation section of our Company Report for more details on how we arrive at this Fair Value for Moody's. P/E works well for Moody's because earnings are a key focus for investors in established capital markets companies. The stock currently trades on a P/E of about 31.9x. That is below the wider Capital Markets industry average of 39.3x, yet still above both the peer group average of 25.2x and the modelled fair P/E of 17.7x that reflects Moody's specific size, margins and risk profile. This gap to the fair P/E implies that investors are paying a sizeable premium for Moody's earnings. The valuation already prices in a stronger profile than the typical peer, even though the broader checks point to a lower multiple as more in line with its characteristics. On the P/E multiple alone, Moody's stock screens as overvalued relative to the earnings level implied by the fair ratio and peer benchmarks. See what the numbers say about this price — find out in our valuation breakdown. Simply Wall St Narratives take the valuation puzzle around Moody's and turn it into clear scenarios that outline what kind of growth, margins and earnings path would need to occur for the stock to be worth materially more or less than it is today, all hosted on the Community page. Each scenario links its figures to a specific view of how Moody's growth, profitability and risk profile could evolve, which you can revisit as new information becomes available. Community views on Moody's are split, with some investors seeing a moat-backed opportunity and others focusing on premium pricing risk. Bull case: 7% undervalued Read the full Bull Case to see why Moody's could be undervalued Bear case: 9% overvalued Read the full Bear Case to see why Moody's could be overvalued Do you think there's more to the story for Moody's? Head over to our Community to see what others are saying! For Moody's, both the Excess Returns intrinsic value estimate and the P/E based checks currently lean toward the stock looking overvalued rather than offering a clear margin of safety. The main swing factor from here is whether the business can deliver the earnings strength and return profile implied by that premium, particularly as its credit intelligence partnerships develop. If those expectations hold, today’s pricing may prove sustainable. If they soften, the valuation premium could come under pressure. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include MCO. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

This article first appeared on GuruFocus. Adjusted Like-for-Like Growth: 1.7% for the half-year, excluding a one-off cost effect in Q1 2025 that would have reduced it to 0.7%. Valuation Gains: CHF112 million in the first half, building on gains already reported in Q1. Deferred Tax Release: More than CHF10 million in the first half, contributing to EPRA earnings per share growth. Vacancy Rate: Slightly up to 4% in the half-year, driven by the reclassification of Hotel des Postes, but expected to fall back to 3.5% by year-end. Letting Status: More than 70% for the year, supporting the vacancy rate guidance. EBITDA Guidance: Confirmed at CHF335 million. Credit Rating: Upgraded by Moody's from A3 to A2. Warning! GuruFocus has detected 4 Warning Signs with WBO:PSPN. Is WBO:PSPN fairly valued? Test your thesis with our free DCF calculator. Release Date: August 18, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Strong half-year results driven by the Richtipark disposal, with adjusted like-for-like growth of 1.7%. Significant valuation gains of CHF112 million, reflecting a robust property market. Moody's upgraded PSP Swiss Property AG (WBO:PSPN) rating from A3 to A2, recognizing strong financial stability. Healthy letting market with high visibility, expecting vacancy to decrease to 3.5% by year-end. Early signs of recovery in Basel, with successful lettings in the Peter Merian building. Vacancy rate increased to 4% in the half year due to reclassification of Hotel des Postes. Topline expected to decline by year-end due to disposals and ongoing developments. Debt duration is shortening, potentially increasing refinancing risk. Earn-out agreements from Richtipark sale are uncertain and depend on new owner's progress. Delays in building permissions for Hotel des Postes may postpone tenant contracts by one to two months. Q: What is the strategy behind the company's shorter debt duration, and what impact can be expected on bond pricing following the Moody's rating upgrade? Additionally, can you detail the reasons for the adjustments to the like-for-like growth?A: Giacomo Balzarini (CEO & CFO): On duration, we have strong inflation-linked protection on over 90% of the portfolio, which offsets interest rate increases. Combined with our low and decreasing debt levels, we are comfortable operating at the shorter end of our historical 2.5 to 4-year duration range, though we will extend when market windows allow. Regarding bond pricing, it is early days, but the rating improvement from A3 to A2 should lead to tighter spreads, likely in the single-digit basis point range, though market conditions will ultimately determine the exact impact. On like-for-like growth, the reported 0.7% increase was negatively impacted by a one-off tax benefit at Rue du Marche in Geneva in Q1 of last year, which reduced costs disproportionately. Excluding that effect, the adjusted like-for-like growth is a stronger 1.7%, driven purely by letting activities. Q: What do the earn-out agreements from the Richtipark sale and the Steinentorberg Strasse acquisition entail, and what is the timeframe for payments? What is the annual rental income of the newly acquired property?A: Giacomo Balzarini (CEO & CFO): There are three earn-outs from the Richtipark sale, linked to the progress of development and permitting milestones, with values of CHF10 million and CHF5 million. The probability of receiving these is difficult to assess as it now depends on the new owner's actions; we will review the status quarterly and book them out if the probability exceeds 50%. For the Steinentorberg Strasse acquisition, the new annual rental income is approximately CHF2 million. Q: Were the property value increases in Zurich broadly based, or were there specific properties with more significant gains in the first half?A: Giacomo Balzarini (CEO & CFO): The valuation gains were broadly based across properties in the CBD or close to the CBD. Besides the Lowenbrau site reported in Q1, other gains were seen around Bahnhofstrasse, the Steinentorberg Strasse, and the Hurlimann site. There was also one property in Geneva that saw appreciation above the top 10. Q: What is the expected deferred tax release for the full year, and how are discussions progressing for the remaining vacant area in Hotel des Postes in Lausanne?A: Giacomo Balzarini (CEO & CFO): We expect a deferred tax release of roughly CHF14 million for the full year. Regarding Hotel des Postes, we are in advanced negotiations with a tech company active in the AI field for a larger floor. The remaining areas to be leased include the highest floor with a rooftop terrace, which has a concept for summer periods, and some smaller floor plates in the wings. There is also a small retail area left. We are waiting for some building permits for fit-out works, which may cause a slight delay of one to two months in tenant start dates, but overall progress is going very well. Q: Given the Richtipark sale, tight spreads, and a healthy balance sheet, is there any chance of a bigger dividend step-up or a special dividend?A: Giacomo Balzarini (CEO & CFO): This is not a speculative question, but it is the responsibility of the Board. Over the last 25 years, we have never paid special dividends. When we had higher rent increases, it was due to acquisitions and strong lettings. Our policy is to be a very predictable dividend contributor. While I cannot rule out a special dividend as it is not my responsibility, I would expect a continuous development of the dividend rather than a step change. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

It has been about a month since the last earnings report for Moody's (MCO). Shares have added about 5.6% in that time frame, outperforming the S&P 500. But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Moody's due for a pullback? Well, first let's take a quick look at the latest earnings report in order to get a better handle on the recent catalysts for Moody's Corporation before we dive into how investors and analysts have reacted as of late. Moody's reported second-quarter 2026 adjusted earnings of $4.68 per share, which outpaced the Zacks Consensus Estimate of $4.24. The bottom line jumped 31% from the year-ago quarter.The results primarily benefited from an improvement in revenues. Steady demand for analytics and the robust performance of the Moody’s Investors Service segment supported the results. The company’s liquidity position was strong in the quarter. An increase in operating expenses acted as a headwind.After considering certain non-recurring items, net income attributable to Moody's was $878 million, or $5.03 per share, up from $578 million, or $3.21 per share, in the prior-year quarter. Quarterly revenues were $2.19 billion, which surpassed the Zacks Consensus Estimate of $2.09 billion. The top line rose 15% year over year. Total expenses were $1.14 billion, up 5% year over year.Adjusted operating income of $1.21 billion surged 25% year over year. The adjusted operating margin was 55.3%, up from 50.9% a year ago. Moody’s Investors Service revenues jumped 25% year over year to $1.3 billion. The rise was driven by broad-based performance across all lines of businessMoody’s Analytics revenues rose 4% to $925 million. The increase was driven by 2% growth in Decision Solutions, a 3% rise in Research and Insights and a 9% jump in Data and Information. As of June 30, 2026, Moody’s had total cash, cash equivalents and short-term investments of $1.5 billion, down from $2.45 billion as of Dec. 31, 2025.The company had $6.38 billion in outstanding long-term debt. In the first half of 2026, MCO repurchased $2.2 billion worth of shares. Moody’s expects adjusted earnings in the range of $16.50-$17.00 per share, slightly narrower than the prior target range of $16.40-$17.00 per share. GAAP earnings are projected to be the band of $16.00-$16.50 per share, changed from the prior target of $16.00-$16.60 per share. Moody’s projects revenues to increase in the high-single-digit percent range.Operating expenses are expected to be in the mid-single-digit range. Non-operating income is projected to be between $70 million and $90 million.Net interest expenses are anticipated to be $220-$240 million.The adjusted operating margin is expected to be 52-53%, while the operating margin is likely to be 44%- 45%.Moody’s expects the cash flow from operations to be $3.15-$3.35 billion. The free cash flow is projected to be in the $2.7-$2.9 billion range.The effective tax rate is projected to be 23-25%. MIS segment revenues are expected to increase in the high-single-digit range. The adjusted operating margin is expected to be roughly 65%.Coming to the MA segment, Moody’s anticipates revenues to rise in the mid-single-digit range, while Annualized Recurring Revenue (ARR) is expected to increase in the high-single-digit range. Further, an adjusted operating margin is expected to be 34-35%. In December 2024, Moody’s CEO approved a Strategic and Operational Efficiency Restructuring Program aimed at improving efficiency and focusing on growth areas. The initiative is expected to generate annual savings of $250–$300 million by consolidating functions, reducing staff, exiting leased office spaces and retiring legacy software. The program involves $170–$200 million in pre-tax personnel-related restructuring charges and an additional $30–$50 million in non-cash charges. It is projected to strengthen operating margins and support strategic investments, with substantial completion by the end of 2026 and related cash outlays (to be between $210-$230 million) continuing through 2027.Moody’s expanded its Strategic and Operational Efficiency Restructuring Program in July 2026, targeting $300–$350 million in annualized savings. The program focuses on workforce reductions, office consolidation, legacy software retirement, and exits from certain businesses, including the MA Regulatory Solutions divestiture. Moody’s expects $285–$330 million in personnel-related restructuring charges, plus modest non-cash charges related to office exits and software amortization. The program is expected to be substantially completed by end-2027, with cash outlays continuing through 2028. Savings are expected to support margin expansion and strategic investments. It turns out, fresh estimates have trended downward during the past month. Currently, Moody's has a nice Growth Score of B, though it is lagging a lot on the Momentum Score front with a D. Charting a somewhat similar path, the stock has a grade of F on the value side, putting it in the bottom 20% quintile for this investment strategy. Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in. Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, Moody's has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months. Moody's belongs to the Zacks Financial - Miscellaneous Services industry. Another stock from the same industry, Synchrony (SYF), has gained 6.9% over the past month. More than a month has passed since the company reported results for the quarter ended June 2026. Synchrony reported revenues of $4.61 billion in the last reported quarter, representing a year-over-year change of +1.9%. EPS of $2.59 for the same period compares with $2.50 a year ago. For the current quarter, Synchrony is expected to post earnings of $2.38 per share, indicating a change of -16.8% from the year-ago quarter. The Zacks Consensus Estimate has changed -5.3% over the last 30 days. The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for Synchrony. Also, the stock has a VGM Score of B. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Moody's Corporation (MCO) : Free Stock Analysis Report Synchrony Financial (SYF) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Completed the $1.7 billion sale of Aquarion Water Company, successfully transitioning to a pure-play regulated 'pipes and wires' utility model to focus on core electric and gas operations. Strengthened the financial foundation, evidenced by Moody's outlook upgrade to stable, driven by disciplined capital allocation and debt reduction at the parent company level. Attributed second quarter recurring earnings of $0.87 per share to higher electric distribution revenues, which helped offset impacts from the FERC base ROE rate reduction. Advanced the Revolution Wind project to over 95% completion, though a $164 million after-tax charge was recognized due to cost increases stemming from two stop-work orders. Positioned the company as a leader in regional transmission through the preliminary selection of a $2.2 billion joint project with Avangrid to increase capacity between Maine and New Hampshire. Filed the first Connecticut Light & Power rate review in nearly a decade, with 90% of the requested deficiency tied to essential capital investments and storm resiliency rather than O&M growth. Reaffirmed long-term EPS growth guidance of 5% to 7%, with management expecting performance to trend toward the upper half of that range by 2028. Maintained a $21.5 billion five-year capital plan through 2028, with potential upside from the ISO New England transmission selection and Connecticut AMI implementation. Anticipates a new transmission ROE rate will go into effect by November 30, 2026., following a paper hearing procedure to reflect current market conditions. Expects to receive cash proceeds from Connecticut storm cost securitization in approximately one year, following the filing of a financing plan in early fall. Projects that the Revolution Wind project remains on track to reach its commercial operation date in 2026, with most components already installed. Recognized a non-cash after-tax charge of $111.4 million related to the carrying value of Aquarion Water Company upon the closing of its sale. Recorded a $164 million after-tax charge to increase the offshore wind contingent liability, reflecting revised cost projections for the Revolution Wind project. Noted a $105 million gap in the Connecticut storm cost decision where PURA deferred $60 million pending audit and excluded $40 million., while also denying requested carrying charges. Flagged the ongoing legal challenge to the FERC ROE decision, arguing that the regulator exceeded its authority by ordering refunds for a period exceeding 15 months. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Management clarified that the denied retroactive carrying charges were not recognized in previous financial statements and were not embedded in the current financing plan due to a lack of high conviction. The company continues to believe it is entitled to these charges and is evaluating legal options while moving forward with the $670 million securitization process. Management expects a final recommendation from ISO New England in September, which would allow the project to be officially rolled into the capital plan by the third quarter call. Approximately 50% of Eversource's $700 million share of the project is expected to be spent within the current five-year forecast period through 2030. Management expressed high confidence in the current cost estimates, noting the project is over 95% complete and all necessary components are already on-site. The recent charge was specifically tied to the remobilization of vessels following stop-work orders, a factor management believes is now fully captured. Eversource is seeking an expedited decision this fall to leverage favorable contractual pricing established for its Massachusetts rollout. The $1 billion project is expected to be a five-year journey, with significant customer benefits despite recent inflationary pressures on equipment costs.

Paris, July 30, 2026 Press release UNIBAIL-RODAMCO-WESTFIELD REPORTS H1-2026 EARNINGS Strong retail operating performance with increased footfall and tenant sales, sustained leasing momentum and record low vacancy (-80 bps) Like-for-like EBITDA up +5.3%1 including retail NRI up 380 bps above indexation IFRS net result2 of +€1,009 Mn (+44.6% vs. H1-2025) c. -90 bps IFRS LTV3 reduction to 41.9% supported by +0.9% increase in portfolio revaluation and disposal programme completion Further drive to quality-flagships, including the conditional acquisition of 50% of Westfield UTC and 100% ownership of Westfield Southcenter Successful financing activity with €2.1 Bn4 of debt secured at attractive conditions Moody's rating outlook upgraded to positive Disciplined execution of our ‘A Platform for Growth’ business plan supporting the 2026 AREPS target of €9.15-9.30 and the reaffirmed €5.50 per share distribution guidance H1-2026 in review: Tenant sales up +5.2% supported by +2.1% increase in footfall vs. H1-2025 Record-low Shopping Centre vacancy at 4.1%, down -80 bps vs. H1-2025 €197 Mn of Minimum Guaranteed Rent (MGR) signed +10.6% MGR uplift on top of indexed passing rents, including +14.0% on long-term deals representing 79% of the leasing activity EBITDA of €1,161 Mn, up +5.3% on a like-for-like basis1 +0.9% increase in portfolio revaluation (+€0.5 Bn) including +0.7% in Europe and +2.0% in the US €2.2 Bn of 2025-26 disposal plan completed, of which €0.6 Bn in H1-2026 Disciplined capital allocation through a further reduced committed pipeline (-€0.2 Bn) and selective capital recycling into higher-quality assets IFRS Net Debt including hybrid reduced from €20.3 Bn to €20.1 Bn, with a reduced hybrid portfolio from €1.8 Bn to €1.5 Bn IFRS LTV including hybrid at 41.9%, c. -90 bps improvement vs. FY-2025 IFRS Net Debt to EBITDA including hybrid stable at 9.1x due to 2025 distribution, below H1-2025 (9.2x) +€2.1 Bn4 raised across debt capital markets through unsecured, secured and private placement Recurring net result of +€735 Mn, AREPS of €4.84, and IFRS net result2 of +€1,009 Mn (+44.6% vs. H1-2025) Commenting on the results, Vincent Rouget, Chief Executive Officer, said: “URW delivered a strong first half of 2026, in line with the trajectory set out in our 2025-28 ‘A Platform for Growth’ business plan. These results demonstrate the strength of our Flagship destinations, unrivalled retail operating expertise, advanced data and AI capabilities, and the powerful Westfield brand.Shopping Centre operating performance was supported by robust tenant sales and footfall growth, strong leasing momentum, higher MGR uplifts and improved occupancy – with vacancy now at its lowest level since 2017.This performance reflects good leasing tension and active asset management across our flagship destinations, and our continued focus on bringing the right retailers and brands to the right destinations. These efforts directly support our business plan target of compelling like-for-like NRI and EBITDA growth.Having completed our €2.2 billion disposal plan, our focus is on recycling capital towards higher-quality assets and opportunities with attractive long-term returns. We have been very active over H1, working to secure full ownership in two of our best and fast-growing US Flagships.Supported by the commitment of our teams and the strength of our unique platform, we continue to focus on executing our plan and creating value for all our stakeholders. We are confident in URW’s ability to deliver sustainable long-term growth driven by our core priorities of leasing, innovation and simplification.” FINANCIAL SCHEDULE The next financial events on the Group’s calendar will be: October 22, 2026: Q3-2026 Trading update (after market close) For further information, please contact: Investor Relations Meriem Delfi – +33 7 63 45 59 77 – [email protected] Juliette Aulagnon – +33 6 15 74 20 43 – [email protected] Media Relations UK/Global: Cornelia Schnepf – FinElk – +44 7387 108 998 – [email protected] France: Franck Pasquier – Image 7 – +33 6 73 62 57 99 – [email protected] Nathalie Feld – Image 7 – +33 6 30 47 18 37– [email protected] About Unibail-Rodamco-Westfield Unibail-Rodamco-Westfield (URW) operates vibrant retail-anchored destinations in many of the world’s best cities and urban areas. This powerful network attracts over 900 million customer visits annually, supports the growth of major retailers, and makes a significant social and economic contribution to local communities. This network includes 65 owned shopping centres in the US and Europe that represent around 88% of the Group’s €49.5 Bn asset portfolio – with 41 centres operating under the iconic Westfield brand. URW also has partners who operate Westfield-branded destinations in fast-growing new markets. Through its ‘A Platform for Growth’ business plan, URW is generating organic growth, leveraging the power of the Westfield brand, and unlocking capital light growth opportunities to generate compelling shareholder returns. This is supported by the Group’s ‘Better Places’ sustainability roadmap, which has established URW as a leader in the real estate industry and one of the 100 most sustainable companies in the world. URW’s shares are listed on Euronext Paris (Ticker: URW). The Group is rated BBB+ by Standard & Poor’s and Baa2 by Moody’s. For more information, please visit www.urw.com. 1 Excluding the impact of FX, disposals, pipeline, Design, Development & Construction (DD&C).2 IFRS net result including recurring and non-recurring (incl. gains or losses on disposals, mark-to-market of assets and financial derivatives). 3 Including hybrids.4 At 100%.5 Shopping Centres Lfl NRI excluding US Regionals and CBD asset. Attachment UNIBAIL-RODAMCO-WESTFIELD REPORTS H1-2026 EARNINGS

This article first appeared on GuruFocus. Adjusted Revenue Growth: Up 17.5% year-over-year, driven by organic growth and the consolidation of 2i Rete Gas. EBITDA: Reached EUR 1.72 billion, with a margin of 81%. Adjusted Net Profit: Increased by 27% to EUR 398.6 million. Operating Cash Flow: Nearly EUR 930 million, covering all CapEx and part of the dividend. Technical Investment: EUR 800 million, up 55% year-over-year, mainly for digitization upgrades. Net Financial Debt: Slightly reduced, standing at EUR 10.7 billion excluding IFRS 16 and IFRIC 12. Cost Reduction: Achieved EUR 82.2 million in cost savings, representing a 22.8% reduction. Debt Structure: 81% of debt at a fixed rate, with an average cost just under 2.1%. Moody's Outlook Upgrade: Credit outlook upgraded to positive, reflecting strong operational performance. Warning! GuruFocus has detected 7 Warning Signs with ITGGF. Is ITGGF fairly valued? Test your thesis with our free DCF calculator. Release Date: July 27, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Italgas SpA (ITGGF) achieved solid double-digit growth driven by organic growth and the integration of 2i Rete Gas. The company has already achieved 42% of its 2032 synergy target, demonstrating rapid progress. Moody's upgraded Italgas SpA's outlook, indicating potential for a future credit rating upgrade. The company reported a strong operating cash flow of nearly EUR 1 billion, covering all CapEx and part of the dividend. Italgas SpA's EBITDA margin reached a record 81%, showcasing the effectiveness of cost synergies and efficiency improvements. The comparison of financial results between 2025 and 2026 is not homogeneous due to the timing of the 2i Rete Gas acquisition. The company faced a temporary increase in European taxes, impacting net profit. There was a reduction in revenues linked to the compulsory disposal of network and redelivery points. Higher depreciation and amortization costs were incurred due to the consolidation of 2i Rete Gas. The adjusted tax rate increased to 28.6% from 28% in the first half of 2025, partly due to temporary tax increases. Q: What is your view on the government decree regarding gas tenders and its potential to accelerate the process? A: The decree aims to redefine tender evaluation criteria to reflect modern advancements like digital activities and AI, rather than directly accelerating the tender process. The current acceleration is independent of this decree. - Paolo Gallo, CEO Q: Can you provide more details on the performance of Greek Water and ESCO activities in Q2? A: The Greek operations have shown improvement in EBITDA and profit levels compared to last year, despite accounting for cost savings in smart metering and LNG management. The Greek company contributed EUR71 million to the overall EBITDA. - Paolo Gallo, CEO Q: Regarding Italgas Properties, was this part of your strategic plan, and how will it enhance EBITDA? A: Italgas Properties was part of the strategic plan, aiming to manage real estate more efficiently and unlock value from unused properties. The real estate portfolio is valued over EUR300 million, indicating significant potential for value creation. - Paolo Gallo, CEO Q: If you crystallize the EUR300 million real estate value, is there a regulatory clawback? A: No, the real estate is not linked to the RAB, so any value extracted remains with us. It is independent of network operations and regulatory frameworks. - Paolo Gallo, CEO Q: Can you clarify the EUR400 million potential tender CapEx and its timeline? A: The EUR400 million refers to 13 tenders expected to be awarded by the first half of 2027. This represents additional RAB from third-party operators if we win all tenders. - Paolo Gallo, CEO Q: How would the base ROSS affect Italgas if implemented in 2028? A: The base ROSS primarily affects OpEx. It incentivizes operators to reduce costs, aligning with our strategy of continuous cost reduction, which we have successfully implemented over the past decade. - Paolo Gallo, CEO Q: Given the pace of synergies achieved, can you exceed the 2026 target? A: While we may slightly exceed the EUR130 million synergy target, significant improvements beyond this are unlikely due to the structured list of activities planned. - Paolo Gallo, CEO Q: Is there any update on the WACC mark-to-market and the inclusion of France in the risk-free countries panel? A: France is not included in the panel due to its AA- rating. The focus is on which other AA countries might be included. The market's volatility makes it difficult to predict WACC changes before the consultation period ends in September. - Paolo Gallo, CEO For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Find winning stocks in any market cycle. Join 7 million investors using Simply Wall St's investing ideas for FREE. Moody's (MCO) is back in focus after reporting second quarter results that exceeded market expectations, lifting full year guidance and pairing that update with a larger share repurchase plan. See our latest analysis for Moody's. The earnings beat and guidance upgrade come after a choppy few months for Moody's, with the share price down 9.01% over the past week but still showing a 3.55% 90 day share price return and a 37.73% three year total shareholder return. This suggests that longer term momentum has not fully faded. If this earnings move has you reassessing your portfolio, it could be a good moment to broaden your search and uncover 17 top founder-led companies After a sharp pullback despite strong results and a larger buyback, investors are left weighing whether Moody's still offers meaningful upside or whether the bulk of the re rating has already played out. So how does the valuation stack up now? Moody's closed at $472.24, while the most followed narrative, according to prajeesh, points to a fair value of $473.36 that implies the stock is about 20% below what that framework sees as reasonable. Read the complete narrative. Want to see what sits behind that premium view on Moody's? The narrative leans heavily on resilient margins, steady revenue compounding and a richer earnings multiple than many peers. Curious which assumptions on growth, profitability and valuation drive that conclusion and how they fit together over the coming years? The full breakdown lays out the numbers behind this fair value call. Result: Fair Value of $473.36 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, Moody's narrative could be tested if regulatory scrutiny on rating agencies tightens materially, or if AI driven credit tools weaken its pricing power and moat. Find out about the key risks to this Moody's narrative. That 20% undervalued narrative around Moody's sits awkwardly next to a P/E of 29.5x, which is well above its fair ratio of 17.7x and the peer average of 23.8x, even if it stands below the Capital Markets industry at 39.1x. Is the premium justified, or is valuation risk building? For a closer look at how that P/E premium stacks up across different benchmarks, See what the numbers say about this price — find out in our valuation breakdown. With mixed signals around Moody's valuation and earnings strength, now is the time to weigh the trade off between optimism and concern for yourself using the 3 key rewards and 1 important warning sign. If this Moody's update has sharpened your focus, do not stop here. Broaden your opportunity set with a few targeted stock ideas that match different investing styles. Target potential mispricings by scanning for companies that combine quality fundamentals with attractive valuations using the 38 high quality undervalued stocks. Strengthen the income side of your portfolio by reviewing stocks identified as offering dependable, higher yielding payouts through the 7 dividend fortresses. Reduce portfolio stress by focusing on companies flagged for resilient financial profiles and steadier risk profiles via the 79 resilient stocks with low risk scores. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include MCO. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

For the quarter ended June 2026, Moody's (MCO) reported revenue of $2.19 billion, up 15.1% over the same period last year. EPS came in at $4.68, compared to $3.56 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $2.09 billion, representing a surprise of +4.43%. The company delivered an EPS surprise of +10.38%, with the consensus EPS estimate being $4.24. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how Moody's performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Revenue- Total external customers- Moody's Analytics: $925 million compared to the $930.16 million average estimate based on four analysts. The reported number represents a change of +4.2% year over year. Revenue- Total external customers- Moody's Investor Services: $1.26 billion versus the four-analyst average estimate of $1.16 billion. The reported number represents a year-over-year change of +24.8%. Revenue- Moody's Analytics- Data and Information: $246 million versus the three-analyst average estimate of $241.36 million. The reported number represents a year-over-year change of +8.9%. Revenue- Moody's Analytics- Research and Insights: $256 million versus the three-analyst average estimate of $264.44 million. The reported number represents a year-over-year change of +2.8%. Revenue- Moody's Analytics- Decision Solutions: $423 million versus the three-analyst average estimate of $427.75 million. The reported number represents a year-over-year change of +2.4%. Revenue- Moody's Investor Services- Recurring: $369 million versus $369.5 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +6.3% change. Revenue- Moody's Investor Services- Transaction: $891 million versus $793.08 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +34.4% change. Revenue- Moody's Investor Services- Corporate Finance: $651 million compared to the $593.92 million average estimate based on two analysts. The reported number represents a change of +27.2% year over year. Revenue- Moody's Investor Services- Structured Finance: $151 million versus the two-analyst average estimate of $146.4 million. The reported number represents a year-over-year change of +11.9%. Revenue- Moody's Investor Services- Financial Institutions: $222 million versus the two-analyst average estimate of $212.02 million. The reported number represents a year-over-year change of +16.2%. Revenue- Moody's Investor Services- Public, Project and Infrastructure Finance: $224 million compared to the $189.12 million average estimate based on two analysts. The reported number represents a change of +38.3% year over year. Revenue- Moody's Analytics: $928 million versus $935.6 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +4.2% change. View all Key Company Metrics for Moody's here>>> Shares of Moody's have returned +10.5% over the past month versus the Zacks S&P 500 composite's +0.3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Moody's Corporation (MCO) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research