S&P Global Issues Medium-Term Growth Targets
December 01 2022 - 9:57AM
Dow Jones News
By Will Feuer
S&P Global Inc. issued financial targets that it expects to
achieve by 2026, and said it assumes there will be a mild recession
in the U.S. and Europe during the first half of next year.
Assuming a recession happens as expected, S&P Global expects
2023 pro-forma adjusted organic revenue to grow in the range of
6.5% to 8%.
Pro-forma adjusted earnings are expected to grow by a low
double-digit percentage. Analysts surveyed by FactSet were
expecting 2023 adjusted earnings to grow by about 16%.
By 2025-2026, the company expects to achieve annual organic
revenue growth of 7% to 9% and annual adjusted earnings growth by a
low- to mid-teens percentage.
By 2025-2026, annual organic revenue growth is expected to be in
the range of 7% to 9% in its market intelligence business, its
commodity insights business and its mobility business; 6% to 9% in
its ratings business; and above 10% in its S&P Dow Jones
Indices.
Write to Will Feuer at Will.Feuer@wsj.com
(END) Dow Jones Newswires
December 01, 2022 09:42 ET (14:42 GMT)
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