Follow S&P Global to never miss an important update.
S&P Global is updating its MidCap 400 index, which tracks the performance of mid-sized companies. James Hardie Industries will replace Roku in the index before trading opens on Wednesday. This is a routine part of the company's index business. S&P Global earns fees from investment firms that build funds to track these benchmarks, and keeping the lists updated ensures those products remain accurate for investors.
Source: PRNewsWire
The S&P Case-Shiller index, which tracks home prices across the country, reported a 2.1 percent annual gain for August. While this is a slight increase from the previous month, home values are actually falling in real terms because inflation is currently running higher than the rise in house prices. For S&P Global, this index is a high-profile product that keeps its brand at the center of the housing market conversation. While the specific data point is a routine monthly update, the continued use of these benchmarks by banks and economists supports the company's steady income from data licensing.
Source: PRNewsWire
S&P Global is expanding its reach into decentralized finance, or finance that runs on public blockchains rather than through traditional banks. By partnering with Chainlink, a firm that connects real-world data to the blockchain, S&P will provide risk assessments for the 10 billion dollar lending vault market.
This is a smart move to keep the company's ratings relevant as more institutional money moves into digital assets. It allows investors to see independent risk scores exactly where they are deploying their capital, reinforcing S&P's role as the essential provider of trust in any financial market.
Source: PRNewsWire
After S&P Global reported its October results, we updated our profit and revenue projections for the year ahead. We have added the impact of one-time gains from selling business units to what we track, which added $200 million to recent results. We raised our expected growth rate for the Index division and added the potential spinoff of the Capital IQ data business to our model. Our team also increased the amount we expect the company to spend buying back its own shares to $7 billion for the year.
S&P Dow Jones Indices is teaming up with Quantix Commodities to launch a new set of co-branded benchmarks. These indices help investors track and trade the prices of raw materials like oil, metals, and crops. While this is a routine expansion of the company's index catalog, it helps protect its lead in the market. By adding more specialized benchmarks, S&P ensures that when investors want to track a new niche, they use an S&P-branded product.
Source: PRNewsWire
Management consistently sets a beatable bar, clearing profit targets in seven of the last eight quarters. This pattern shows a team that has a firm grip on its costs and reliable control over its financial results.
| Expectation | |
|---|---|
| EPS | $4.04 |
| Revenue | $3.62B |