Stifel and Moody's Q3 Earnings: What Analysts Expect This Week

what happened

Stifel Financial and credit rating agency Moody's are set to report third-quarter results on Wednesday before the market opens, according to StockStory. Stifel posted revenue of $1.45 billion last quarter, up 13.2% from a year earlier. The market now expects revenue growth of just 1.4% year on year, down from 16.7% in the same period last year. Stifel has missed Wall Street revenue estimates several times over the past two years, and its shares have fallen 12.8% over the last month to $66.06.

Moody's reported revenue of $2.19 billion last quarter, up 15.1%. Analysts expect growth of 3.3%, compared with 10.7% a year earlier. The company rarely misses revenue forecasts, and its stock has gained 2.9% over the past month, trading near $481.

Peers have already reported. Goldman Sachs posted revenue growth of 23%, beating expectations by 11.5%, and Jefferies reported a rise of 8.5%. Goldman shares slipped 1.7% after its results, while FactSet, per the same source, rose 6.8%.

why it matters

Both reports offer a read on capital markets and investment banking. Stifel's modest revenue outlook and Moody's steady business will show how investors weigh the prospects of brokers and financial services amid choppy markets and shifting macro themes.

market impact

US financials: the results of a broker and a rating agency set the tone for brokerage and capital markets stocks

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