Erste Group Bank Forecasts Higher Earnings for S&P Global

Key Points

• Erste Group Bank raised its FY2026 earnings estimate for S&P Global to $19.62 per share, slightly above both its prior view and the current consensus estimate of $19.59. It also projected FY2027 earnings of $22.18 per share.
• S&P Global recently beat quarterly expectations, reporting $4.97 EPS versus the $4.82 forecast and revenue of $4.17 billion versus $4.08 billion expected. Quarterly revenue rose 10.4% year over year, and the company reaffirmed FY2026 guidance of $19.40 to $19.65 EPS.
• Wall Street remains broadly positive on the stock, with a consensus “Buy” rating and an average price target of $550. Recent insider buying by the CEO and a director may also signal confidence in the company.

S&P Global Inc. (NYSE:SPGI - Free Report) - Research analysts at Erste Group Bank lifted their FY2026 earnings estimates for S&P Global in a note issued to investors on Tuesday, May 5th. Erste Group Bank analyst S. Lingnau now expects that the business services provider will post earnings per share of $19.62 for the year, up from their previous estimate of $19.58. The consensus estimate for S&P Global's current full-year earnings is $19.59 per share. Erste Group Bank also issued estimates for S&P Global's FY2027 earnings at $22.18 EPS.

S&P Global (NYSE:SPGI - Get Free Report) last posted its earnings results on Tuesday, April 28th. The business services provider reported $4.97 earnings per share for the quarter, beating the consensus estimate of $4.82 by $0.15. S&P Global had a net margin of 30.37% and a return on equity of 17.26%. The company had revenue of $4.17 billion during the quarter, compared to analysts' expectations of $4.08 billion. During the same period last year, the company posted $4.37 earnings per share. S&P Global's quarterly revenue was up 10.4% on a year-over-year basis. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS.

Several other research firms have also commented on SPGI. The Goldman Sachs Group reiterated a "buy" rating on shares of S&P Global in a research report on Tuesday, April 28th. Jefferies Financial Group increased their price objective on shares of S&P Global from $500.00 to $535.00 and gave the company a "buy" rating in a research report on Monday, April 27th. Stifel Nicolaus lowered their price objective on shares of S&P Global from $599.00 to $489.00 and set a "buy" rating for the company in a research report on Wednesday, February 11th. Rothschild & Co Redburn lowered their price objective on shares of S&P Global from $585.00 to $540.00 in a research report on Thursday. Finally, Bank of America began coverage on shares of S&P Global in a research report on Tuesday, February 17th. They set a "buy" rating and a $575.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $550.00.

S&P Global Price Performance

SPGI stock opened at $419.85 on Monday. S&P Global has a 52 week low of $381.61 and a 52 week high of $579.05. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.34. The company has a fifty day simple moving average of $431.09 and a two-hundred day simple moving average of $472.16. The firm has a market capitalization of $124.27 billion, a P/E ratio of 26.57, a price-to-earnings-growth ratio of 1.80 and a beta of 1.11.

Institutional Investors Weigh In On S&P Global

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Joseph Group Capital Management bought a new stake in S&P Global during the 4th quarter valued at about $29,000. J.Safra Asset Management Corp bought a new stake in S&P Global during the 3rd quarter valued at about $29,000. North Star Investment Management Corp. lifted its holdings in S&P Global by 134.6% during the 4th quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider's stock valued at $32,000 after buying an additional 35 shares in the last quarter. Palladiem LLC bought a new stake in S&P Global during the 4th quarter valued at about $36,000. Finally, Palisade Asset Management LLC bought a new stake in S&P Global during the 3rd quarter valued at about $36,000. Institutional investors own 87.17% of the company's stock.

Insider Transactions at S&P Global

In other news, Director Robert Edward Jr. Moritz bought 1,152 shares of the stock in a transaction dated Thursday, April 30th. The stock was purchased at an average price of $434.03 per share, for a total transaction of $500,002.56. Following the acquisition, the director owned 1,152 shares of the company's stock, valued at $500,002.56. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Martina Cheung bought 2,322 shares of the stock in a transaction dated Wednesday, April 29th. The stock was purchased at an average price of $429.93 per share, with a total value of $998,297.46. Following the acquisition, the chief executive officer directly owned 27,518 shares in the company, valued at approximately $11,830,813.74. The trade was a 9.22% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders bought 5,974 shares of company stock worth $2,576,775. 0.03% of the stock is currently owned by insiders.

S&P Global Company Profile

S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.

S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.

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