Erste Group Bank Forecasts Lower Earnings for S&P Global

S&P Global Inc. (NYSE:SPGI) – Equities research analysts at Erste Group Bank lowered their FY2026 earnings per share estimates for S&P Global in a research note issued to investors on Friday, September 18th. Erste Group Bank analyst S. Lingnau now forecasts that the business services provider will earn $17.83 per share for the year, down from their prior estimate of $17.85. The consensus estimate for S&P Global’s current full-year earnings is $17.75 per share. Erste Group Bank also issued estimates for S&P Global’s FY2027 earnings at $20.26 EPS.

Several other research firms have also weighed in on SPGI. Zacks Research raised shares of S&P Global from a “strong sell” rating to a “hold” rating in a report on Monday, September 14th. Weiss Ratings reissued a “hold (c)” rating on shares of S&P Global in a report on Monday, July 6th. Citigroup raised their price target on shares of S&P Global from $454.00 to $500.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Bank of America cut their price objective on shares of S&P Global from $575.00 to $550.00 and set a “buy” rating for the company in a report on Friday, July 10th. Finally, BMO Capital Markets upped their price objective on shares of S&P Global from $495.00 to $505.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 7th. Eighteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $523.59.

S&P Global Stock Down 0.2%

S&P Global stock opened at $404.58 on Monday. The firm has a market cap of $119.27 billion, a price-to-earnings ratio of 24.70, a price-to-earnings-growth ratio of 1.96 and a beta of 1.07. S&P Global has a 52 week low of $381.61 and a 52 week high of $552.25. The business’s 50-day moving average price is $424.98 and its 200 day moving average price is $424.71. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.40.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Tuesday, July 28th. The business services provider reported $4.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.81 by $0.02. S&P Global had a net margin of 31.37% and a return on equity of 17.74%. The company had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same period last year, the firm posted $4.43 EPS. S&P Global’s revenue for the quarter was up 10.4% compared to the same quarter last year. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. ABS Direct Equity Fund LLC purchased a new position in S&P Global in the 2nd quarter valued at about $166,000. Rench Wealth Management Inc. raised its holdings in shares of S&P Global by 5.7% during the second quarter. Rench Wealth Management Inc. now owns 3,355 shares of the business services provider’s stock valued at $1,366,000 after acquiring an additional 180 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of S&P Global by 76.5% during the second quarter. The Manufacturers Life Insurance Company now owns 690,931 shares of the business services provider’s stock valued at $281,388,000 after acquiring an additional 299,454 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of S&P Global by 9.6% in the second quarter. Sequoia Financial Advisors LLC now owns 8,864 shares of the business services provider’s stock valued at $3,610,000 after acquiring an additional 778 shares in the last quarter. Finally, Tidal Investments LLC lifted its position in shares of S&P Global by 343.5% in the second quarter. Tidal Investments LLC now owns 516,235 shares of the business services provider’s stock valued at $198,989,000 after acquiring an additional 399,832 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Company Profile

S&P Global Inc (NYSE: SPGI) provides financial information, analytics, benchmarks and credit ratings to businesses, governments and investors worldwide. Its services are used to evaluate credit risk, analyze markets, value assets, assess commodities and support investment and business decisions.

The company operates through businesses that include S&P Global Ratings, which provides credit ratings and related research; S&P Global Market Intelligence, which delivers financial and industry data, analytics and workflow tools; S&P Global Commodity Insights, which supplies information and pricing assessments for energy and commodity markets; and S&P Dow Jones Indices, which develops and maintains market indexes such as the S&P 500.