Is S&P Global Stock a Buy Now?
Shares of S Global (NYSE: SPGI) rallied sharply following the release of its fourth-quarter earnings report, which exceeded Wall Street estimates. For the period ended Dec. 31., the financial services intelligence giant posted a 14% year-over-year increase in quarterly revenue, while adjusted earnings per share (EPS) was up 20% to $3.77. If shareholders needed further good news, the company offered a strong outlook for the year ahead alongside a new share buyback authorization.
The trends are solid, but considering the stock is up 24% over the past year and currently trading at an all-time high, can the rally keep going? Let's discuss whether S Global stock is a buy now.
S Global is recognized as a leader in financial analytics, including credit ratings, investment research, and index data. A resilient economic environment, coupled with positive investor sentiment toward capital markets, has been a tailwind for its business.
Source Fool.com
