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S&P Global Inc. ($SPGI) Stock Forecast: Down 5.2% Today

Morpher AI identified a bearish signal. The stock price may continue to fall based on the momentum of the negative news.

What is S&P Global Inc.?

S&P Global Inc. (SPGI) is a leading provider of financial information and analytics. It offers a wide range of services, including credit ratings, market data, and investment research. The overall market has been relatively stable, with investors closely monitoring the company's financial performance.

Why is S&P Global Inc. going down?

SPGI stock is down 5.2% on Feb 9, 2024 10:15

  • The bearish movement in SPGI's stock today can be attributed to the following factors:
  • 1. Disappointing Q4 Earnings: Despite reporting a year-over-year increase in revenues, S&P Global's Q4 earnings fell short of estimates. The adjusted EPS of $3.13 missed the consensus of $3.15, leading to a negative sentiment among investors.
  • 2. Market Reaction to Earnings: The market's reaction to S&P Global's earnings announcement was negative, as reflected in the stock's decline. Investors may have expected stronger financial results, causing them to sell off their positions and putting downward pressure on the stock price.
  • 3. Profit-Taking: Some traders might have taken the opportunity to lock in profits after the stock's recent upward movement. This profit-taking activity could have contributed to the bearish movement observed today.
  • 4. Lack of Clarity from Earnings Call: The absence of a summary for the earnings call suggests that there may have been no significant positive news or guidance provided during the call. This lack of clarity could have further dampened investor sentiment and contributed to the bearish market movement.
  • Overall, the bearish movement in SPGI's stock today can be attributed to disappointing earnings results and a lack of positive catalysts from the earnings call. Investors may have reacted by selling off their positions and taking profits, leading to the downward pressure on the stock price.

SPGI Price Chart

SPGI News

S&P Global Unveils Q4 and Annual Financial Results

S&P Global (SPGI) has released an update to notify the public and investors about a regulation fd disclosure. S&P Global Inc. has released its fina…

https://www.tipranks.com/news/company-announcements/sp-global-unveils-q4-and-annual-financial-results

News Article Image S&P Global Unveils Q4 and Annual Financial Results

S&P; Global (SPGI) Q4 2023 Earnings Call Transcript

SPGI earnings call for the period ending December 31, 2023.

https://www.fool.com/earnings/call-transcripts/2024/02/08/sp-global-spgi-q4-2023-earnings-call-transcript/?source=iedfolrf0000001

News Article Image S&P; Global (SPGI) Q4 2023 Earnings Call Transcript

S&P Global's ( SPGI ) Q4 Earnings Miss Estimates, Rise Y/Y

S&P Global's (SPGI) revenues increase year over year in the fourth quarter of 2023.

https://www.zacks.com/stock/news/2223647/sp-globals-spgi-q4-earnings-miss-estimates-rise-yy

News Article Image S&P Global's  ( SPGI )  Q4 Earnings Miss Estimates, Rise Y/Y

Why Is S&P Global Stock Sliding Thursday? - S&P Global ( NYSE:SPGI )

S&P Global Inc SPGI stock dropped after it reported its fourth-quarter results Thursday. The New York-based company clocked revenue growth of 7% year-on-year to $3.15 billion, surpassing the consensus of $3.13 billion. Adjusted EPS of $3.13 missed the consensus of $3.15.

https://www.benzinga.com/news/earnings/24/02/37014916/why-is-s-p-global-stock-sliding-thursday

News Article Image Why Is S&P Global Stock Sliding Thursday? - S&P Global  ( NYSE:SPGI )

S&P Global Inc. (SPGI) Q4 2023 Earnings Call Transcript

No summary available.

https://seekingalpha.com/article/4668664-s-and-p-global-inc-spgi-q4-2023-earnings-call-transcript?feed_item_type=transcript

News Article Image S&P Global Inc. (SPGI) Q4 2023 Earnings Call Transcript

S&P Global Inc. Price History

09.01.2024 - SPGI Stock was down 5.2%

  • The bearish movement in SPGI's stock today can be attributed to the following factors:
  • 1. Disappointing Q4 Earnings: Despite reporting a year-over-year increase in revenues, S&P Global's Q4 earnings fell short of estimates. The adjusted EPS of $3.13 missed the consensus of $3.15, leading to a negative sentiment among investors.
  • 2. Market Reaction to Earnings: The market's reaction to S&P Global's earnings announcement was negative, as reflected in the stock's decline. Investors may have expected stronger financial results, causing them to sell off their positions and putting downward pressure on the stock price.
  • 3. Profit-Taking: Some traders might have taken the opportunity to lock in profits after the stock's recent upward movement. This profit-taking activity could have contributed to the bearish movement observed today.
  • 4. Lack of Clarity from Earnings Call: The absence of a summary for the earnings call suggests that there may have been no significant positive news or guidance provided during the call. This lack of clarity could have further dampened investor sentiment and contributed to the bearish market movement.
  • Overall, the bearish movement in SPGI's stock today can be attributed to disappointing earnings results and a lack of positive catalysts from the earnings call. Investors may have reacted by selling off their positions and taking profits, leading to the downward pressure on the stock price.

09.01.2024 - SPGI Stock was down 5.2%

  • The bearish movement in SPGI's stock today can be attributed to its Q4 2023 earnings report, which showed a miss in earnings estimates. Despite a 7% year-on-year revenue growth, the adjusted EPS of $3.13 fell short of the consensus of $3.15. This disappointing performance likely led to a decrease in investor confidence and a subsequent decline in the stock price.

08.01.2024 - SPGI Stock was down 5.2%

  • The bearish movement in SPGI's stock today can be attributed to its fourth-quarter results, which fell short of expectations. Despite reporting a 7% year-on-year revenue growth, the adjusted earnings per share (EPS) missed the consensus estimate. This disappointing performance likely led to a sell-off of the stock.
  • SPGI reported Q4 revenue growth of 7% but missed the consensus estimate for adjusted EPS.
  • The stock dropped after the company's fourth-quarter results were announced.
  • The disappointing earnings likely prompted investors to sell off SPGI shares.
  • No significant news or events related to other companies were mentioned that could have influenced SPGI's bearish movement.

08.01.2024 - SPGI Stock was down 5.4%

  • The bearish movement in SPGI's stock today can be attributed to the following factors:
  • 1. Disappointing Q4 earnings: SPGI reported adjusted earnings per share (EPS) of $3.13, missing the consensus estimate of $3.15. This underperformance may have led to a negative sentiment among investors, resulting in the bearish movement.
  • 2. Mixed revenue growth: Although SPGI's revenue grew by 7% year-on-year to $3.15 billion, it slightly missed the consensus estimate of $3.13 billion. This could have contributed to the downward pressure on the stock.
  • 3. Earnings surprises: The negative earnings surprise of -0.63% for the quarter ended December 2023 might have raised concerns about the company's future performance, leading to the bearish market movement.
  • Overall, the combination of disappointing earnings, mixed revenue growth, and negative earnings surprises likely caused the bearish movement in SPGI's stock today.

08.01.2024 - SPGI Stock was down 5.1%

  • The bearish movement in SPGI's stock today could be attributed to a combination of factors:
  • 1. Missed Q4 Earnings Estimates: S&P Global Inc. reported lower-than-expected earnings for the fourth quarter, which may have disappointed investors and led to a decline in the stock price.
  • 2. Negative Credit Rating Revision: S&P Global Ratings revised the credit ratings of UPL, a company unrelated to SPGI, but the association with S&P Global Inc. might have caused some concerns among investors.
  • 3. General Market Sentiment: The drop in US equity futures and the rise in bond yields, as mentioned in the article, could have influenced the overall sentiment in the market, leading to a bearish movement in SPGI's stock.
  • 4. Profit Misses Street Estimates: Despite an increase in earnings compared to the previous year, S&P Global Inc.'s fourth-quarter profit fell short of Street estimates, which could have contributed to the bearish market movement.
  • Overall, the combination of missed earnings estimates, negative credit rating revision, and general market sentiment likely played a role in the bearish movement of SPGI's stock today.

08.01.2024 - SPGI Stock was down 6.8%

  • The bearish movement in SPGI's stock today can be attributed to a combination of factors:
  • 1. Earnings Miss: S&P Global Inc. reported fourth-quarter earnings that increased from last year but missed Street estimates. This could have disappointed investors and led to a negative sentiment towards the stock.
  • 2. Credit Rating Revision: S&P Global Ratings revised the credit ratings of UPL, which may have raised concerns about the overall creditworthiness of companies in the market, including SPGI.
  • 3. Market Conditions: The drop in futures and the rise in bond yields and oil prices could have created a risk-off sentiment among investors, leading to a sell-off in SPGI's stock.
  • 4. Lack of Positive News: While there was news about USI being recognized for its sustainability efforts, there was no significant positive news directly related to SPGI. This lack of positive catalysts may have contributed to the bearish movement in the stock.

24.10.2023 - SPGI Stock was down 2.4%

  • The bearish movement in SPGI today can be attributed to the following factors:
  • 1. Treasury yields nudging higher: The increase in Treasury yields might have caused concerns among investors, leading to a sell-off in SPGI stock.
  • 2. Profit-taking after significant gains: Despite outperforming the market over the past 10 years, SPGI has seen a substantial increase in its stock price in 2023. Some investors might have decided to take profits, resulting in a downward pressure on the stock.
  • 3. Lack of positive news catalysts: While SPGI has been performing well, there might be a lack of recent positive news or catalysts to sustain the upward momentum. This could have contributed to the bearish movement in the stock.
  • 4. Overall market sentiment: The broader market sentiment and investor sentiment towards the financial services industry could also have influenced the bearish movement in SPGI. If there is a general pessimism or cautiousness in the market, it can impact the stock negatively.

02.10.2023 - SPGI Stock was up 5.8%

  • S&P Global raised its annual profit forecast, indicating strong growth in its Market Intelligence division.
  • The company's Q3 profit increased and beat street estimates.
  • The news about AI chatbots illegally using copyrighted news is not directly related to S&P Global's market movement.
  • The article mentioning Venezuela crude oil imports does not have a direct impact on S&P Global's market movement.
  • Based on the positive financial results and raised profit forecast, it is likely that S&P Global's bullish movement is a result of strong performance in its core business segments.

21.08.2023 - SPGI Stock was down 3.2%

  • The bearish movement in SPGI could be attributed to the news of Independent Wealth Network Inc. making a new investment in the company. This might have raised concerns among investors about the company's future performance.
  • Additionally, the survey revealing that Tesla owners are likely to shift to other auto companies if they decide to pivot from the brand could have had a negative impact on SPGI's stock, as it indicates potential shifts in consumer preferences.
  • The offering of covered bonds by Landsbankinn hf. might have diverted investor attention and capital away from SPGI, leading to the bearish movement.
  • The credit rating downgrade of Foot Locker to junk status could have created a negative sentiment in the market, affecting investor confidence and contributing to the overall bearish movement.

23.07.2023 - SPGI Stock was up 2.4%

  • The bullish movement of SPGI could be attributed to the positive performance of the Eurozone economy, as indicated by the Eurozone Economic Downturn Deepens In August article. This suggests that there is an overall improvement in the economic conditions, which can benefit a company like S&P Global.
  • The article about dual-class stocks and S&P Global's decision to allow companies with unequal voting structures to belong to the S&P Composite 1500 may have caused some concerns among institutional investors. However, this news does not directly explain the bullish movement of SPGI.
  • The article highlighting the strong historical performance of S&P Global over the past 10 years could have contributed to the positive sentiment surrounding the stock. It showcases the company's track record of outperforming the market, which could attract investors.
  • The news about S&P Global Ratings downgrading several regional banks, including Bank of America and Wells Fargo, may have indirectly benefited SPGI. As a leading provider of credit ratings, S&P Global's actions can have a ripple effect on the market, potentially driving investors towards more reliable and trusted sources of financial information like S&P Global.

26.06.2023 - SPGI Stock was up 0.3%

  • S&P Global's short percent of float has fallen, indicating a decrease in bearish sentiment towards the stock.
  • The company is set to declare second-quarter earnings results, which could have generated positive expectations among investors.
  • The news about US auto sales expected to rise in July might have contributed to the bullish movement, as it indicates potential demand for S&P Global's services in the automotive industry.
  • The positive performance of other companies mentioned in the articles, such as SoFi Technologies and Republic Services, could have created a positive sentiment in the market, benefiting S&P Global as well.

25.06.2023 - SPGI Stock was up 0.7%

  • The bullish movement of SPGI could be attributed to the positive outlook for US auto sales in July, as mentioned in an article from Reuters. The expectation of rising sales volumes indicates potential growth opportunities for S&P Global's automotive research segment.
  • Additionally, an article from Zacks Commentary suggests that S&P Global's Q2 earnings are expected to increase year over year, which could have contributed to the bullish movement. The improving segmental performance mentioned in the article indicates positive prospects for the company.
  • It is important to note that the other articles are not directly related to S&P Global or its performance, so their impact on the bullish movement of SPGI may be minimal.
  • In summary, the bullish movement of SPGI today could be influenced by the positive expectations for US auto sales and the anticipated increase in S&P Global's Q2 earnings.

03.06.2023 - SPGI Stock was up 0.1%

  • 1. The Nifty PSU Bank index surging and the rally in Canara, BoB, BoI, and PNB could indicate positive sentiment in the banking sector, which may have had a spillover effect on SPGI.
  • 2. The deepening factory downturn in the UK and the contraction in French and Spanish manufacturing may have led investors to seek safer investments like SPGI, contributing to its bullish movement.
  • 3. The expansion of Turkish manufacturing, despite cost pressures, could have also boosted investor confidence in the global market, including SPGI.
  • Overall, the positive developments in the banking sector and the global manufacturing industry, along with the reputation of SPGI as a reliable financial services provider, likely contributed to its strong bullish movement today.
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Disclaimer
Morpher is not liable for the content of the AI investment insights. Like most GPT-powered tools, these summaries may contain AI hallucinations and inaccurate information. Morpher is not presenting you with any investment advice. All investments involve risk, and the past performance of a security, industry, sector, market, or financial product does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. These summaries do not constitute investment advice.