On July 23, Moody's fell 3.07% in regular trading, trading at $475.28 per share, with turnover of $67.47 million.
On the news front, Moody's released its second-quarter earnings on July 22 before market open, reporting adjusted EPS of $4.68, significantly beating the consensus estimate of $4.24. Revenue came in at $2.19 billion, above the expected $2.09 billion, representing approximately 15% year-over-year growth. However, the company only modestly raised its full-year adjusted EPS guidance to $16.50-$17.00, compared with the prior range of $16.40-$17.00, offering limited upside surprise relative to the FactSet consensus of $16.79.
The stock had already declined over 4% on July 21 ahead of the earnings release, and selling pressure continues to be digested. Despite multiple analyst target price increases — including Baird raising to $572 and Evercore ISI to $588 — the narrow guidance revision appears insufficient to sustain bullish momentum in the near term.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)