MSCI (MSCI +5.00%), a somewhat under-the-radar data and analytics company in the financial sector, attracted the right kind of attention on Tuesday. Market players were eager to own its shares following the release of solid third-quarter figures, sending the company's stock up 5%.
An estimates-topping third frameThe period saw MSCI earn $892 million in revenue, which was a sturdy 12% higher year over year. It was also comfortably above the consensus analyst estimate, which was just under $888 million.
Image source: Getty Images.
MSCI's net income not under generally accepted accounting principles (non-GAAP, or adjusted) also ticked higher, rising by 8% to $369 million. Adjusted earnings per share (EPS) growth was notably higher, at 14% to $5.11. Those analysts were collectively modeling $5.02.
Management attributed the notable improvements to gains in net-new sales in several business categories, higher asset-based fees, and strength in the Asia-Pacific region.
$591.69+$28.20 (+5.00%)
NYSE · As of 4:00 PM ET 10/20/26
The right services at the right timeMSCI also largely maintained its guidance items for the entirety of 2026. It made changes to only a few items, including interest expense (now anticipated to hit $288 million to $291 million, from the previous forecast of $282 million to $286 million). The company hasn't provided any guidance for revenue or profitability.
In a world where the financial markets are becoming ever more complex, MSCI is doing well providing the data and analytical solutions its clients obviously need. If I were an investor, I'd be very pleased that several key parts of the company's business are rising at healthy rates these days.
Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends MSCI. The Motley Fool has a disclosure policy.
On October 20, 2026, MSCI Inc MSCI shares rose 5.0% to a current price of $591.69, marking a notable performance in the context of its 52-week range, which has been between $501.08 and $644.77.
GF Value™ verdict: The current price is $591.69, which is 17.9% below the GF Value™ estimate of $721.12. GF Score™ of 94/100, indicating a strong overall rating for the company. Most notable signal: Over the past 12 months, insiders have engaged in net buying of $8.2M. Is MSCI Overvalued or Undervalued? According to the GF Value™, MSCI Inc is currently undervalued, with a fair value estimate of $721.12 compared to its market price of $591.69. This represents a margin of safety of approximately 17.9%. The GF Value™ is a proprietary estimate that considers historical trading multiples, the company's growth trajectory, and future performance expectations. Being identified as "modestly undervalued" suggests that there is a favorable opportunity for potential appreciation in the stock price, albeit with the caveat that market conditions can lead to fluctuations.
Investors might view this undervaluation as a signal to explore potential entry points, especially given the company's strong GF Score™ of 94/100, which reflects overall positive market sentiment and performance indicators.
How Does MSCI's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 32.4x 39.8x (5-Year Median) Forward P/E 26.4x N/A MSCI's current price-to-earnings (P/E) ratio stands at 32.4x, which is significantly lower than its 5-year median P/E of 39.8x. This indicates that the stock is trading well below its historical valuation levels, aligning with the GF Value™ assessment of being undervalued. The forward P/E of 26.4x further supports this valuation narrative, suggesting opportunities for growth as earnings improve.
What Does MSCI's GF Score™ Tell Us? The GF Score™ evaluates a company's financial strength, profitability, growth potential, valuation, and momentum, providing a comprehensive overview of its overall health and market position. MSCI's impressive GF Score™ of 94/100 indicates strong performance, particularly in profitability and growth, where it received perfect scores of 10/10.
Metric Rating GF Score™ 94/100 Financial Strength 4/10 Profitability 10/10 Growth 10/10 Valuation 8/10 Momentum 7/10 The strong scores in profitability and growth indicate that MSCI is generating substantial returns and has solid growth prospects. However, the financial strength score of 4/10 suggests there may be some concerns regarding its balance sheet or cash flow management. Overall, the favorable metrics paint a picture of a robust company with a few areas that require closer scrutiny.
What Are Gurus and Insiders Doing with MSCI? Currently, a significant number of gurus hold positions in MSCI, with some having recently increased their stakes while others trimmed their holdings. This indicates a generally positive sentiment among institutional investors. Over the past year, insider activity has shown a net buying of $8.2M, as insiders purchased $15.5M worth of shares while selling $7.3M. This strong insider buying trend suggests confidence in the company’s future performance and may be seen as a positive indicator for potential investors.
What This Means for Investors In conclusion, MSCI Inc is currently deemed undervalued based on the GF Value™ assessment, which indicates a potential for upward price movement. The combination of a strong GF Score™ and positive insider activity further reinforces this perspective, suggesting that there may be a favorable investment opportunity here. For more detailed insights, you can visit the MSCI Inc MSCI stock page and explore the GF Value™ page.
Frequently Asked Questions What is MSCI's GF Score™?
MSCI's GF Score™ is 94/100, indicating a strong overall performance and rating, reflecting its financial health and market position.
Is MSCI overvalued or undervalued?
MSCI is currently undervalued, with a GF Value™ of $721.12 compared to its market price of $591.69.
What is MSCI's P/E ratio?
MSCI's P/E ratio is 32.4x, which is below its 5-year median of 39.8x, suggesting a more attractive valuation compared to its historical levels.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Disclosures
I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.
MSCI Inc. ( MSCI ) Q3 2026 Earnings Call October 20, 2026 11:00 AM EDT Company Participants Jeremy Ulan - Head of Investor Relations & Treasurer Henry Fernandez - Chairman, CEO & President Andrew Wiechmann - CFO & Interim Principal Accounting Officer Alvise Munari - Head of Client Segments & Chief Product Officer Conference Call Participants Toni Kaplan - Morgan Stanley, Research Division Alex Kramm - UBS Investment Bank, Research Division Manav Patnaik - Barclays Bank PLC, Research Division Alexander EM Hess - JPMorgan Chase & Co, Research Division Scott Wurtzel - Wolfe Research, LLC Faiza Alwy - Deutsche Bank AG, Research Division Kelsey Zhu - Autonomous Research US LP Owen Lau - Clear Street LLC Keen Fai Tong - Goldman Sachs Group, Inc., Research Division Curtis Nagle - BofA Securities, Research Division David Motemaden - Evercore ISI Institutional Equities, Research Division Craig Huber - Huber Research Partners, LLC Ashish Sabadra - RBC Capital Markets, Research Division Keegan Antico - Wells Fargo Securities, LLC, Research Division Presentation Operator Good day, ladies and gentlemen, and welcome to the MSCI Third Quarter 2026 Earnings Conference Call. As a reminder, this call is being recorded.
Volatility Is Back and These 3 Market Tollbooths Are Best Positioned to ProfitMSCI NYSE: MSCI reported third-quarter results marked by double-digit revenue growth, record asset-based fees and historic net new sales in several product lines, as the company highlighted expanding use cases for artificial intelligence across its data, analytics and private-markets offerings.
Chairman and Chief Executive Officer Henry Fernandez said total revenue increased 12.4% year over year, while asset-based-fee revenue rose 25%, subscription revenue increased 8%, adjusted EBITDA grew 12% and adjusted earnings per share increased 14%.
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These 3 Stocks Just Graduated to the MSCI World Index“In the third quarter, MSCI delivered strong financial and operating metrics, including historic net new sales in Index, Analytics, and Private Capital Solutions, plus another record quarter for asset-based fees,” Fernandez said.
Index and asset-based-fee growth
MSCI said total run-rate growth reached 12% during the quarter, supported by an asset-based-fee run rate of nearly $1 billion. The company said assets under management benchmarked to its indexes totaled nearly $23 trillion, including roughly $15 trillion actively managed and $8 trillion indexed.
3 Stocks Flashing Buy Signals With $8.5 Billion in BuybacksAsset-based fees benefited from $76 billion in equity ETF cash inflows, concentrated in developed markets excluding the U.S. and emerging markets. Chief Financial Officer Andy Wiechmann said this represented the company’s second-highest quarter of ETF inflows, behind only the first quarter of 2026.
Index organic subscription run-rate growth accelerated to 11.7%, with retention above 97% across the segment and 98% among asset managers, according to Wiechmann. The company cited double-digit subscription growth across hedge funds, banks and brokers, wealth managers and asset owners.
MSCI also reported more than 26% growth in custom-index subscription run rate. Management said demand for customized and systematic portfolio products, as well as the expansion of trading and liquidity ecosystems around its indexes, supported results.
Fernandez said the company sees additional opportunity in serving traders, hedge funds, broker-dealers, exchanges and market makers with data sets related to the trading of assets linked to MSCI indexes.
Analytics and private-market momentum
Analytics organic subscription run-rate growth was 7.5%, driven by strategic client wins with asset owners and wealth managers that are modernizing investment platforms and integrating risk and portfolio-management workflows, Wiechmann said. He noted that Analytics results can be uneven on a quarterly basis, but said last-12-month recurring net new sales in the business increased 18% from the prior comparable period.
Private Capital Solutions subscription run-rate growth accelerated to 19%. Management cited demand for transparency, Private Capital Intel and total-plan offerings, as well as newer data and diligence platforms. MSCI said its acquisition of AI-native platform Vantager, now called the MSCI Private Assets Diligence Platform, helped it complete a major deal with a large U.S. bank.
Fernandez said MSCI also formalized its agreement with UBS during the quarter. The partnership is intended to extend the reach of the company’s private-asset solutions, strengthen connections between general partners and wealth managers, and support greater transparency in private markets.
At the client-segment level, the company said recurring net new sales with asset owners more than tripled from a year earlier. Its largest deal of the quarter made MSCI a strategic portfolio analytics partner for one of Asia’s largest sovereign wealth funds, Fernandez said.
AI investment and product development
Management repeatedly emphasized AI as a driver of product innovation, operational efficiency and future distribution. Fernandez described MSCI as an analytics and modeling company working to combine proprietary data, models and AI technology to help clients consume content more effectively.
Chief Product Officer and Head of Client Segments Alvise Munari said AI-enabled product development is supporting custom indexes, factor models, specialized data sets and portfolio-construction tools. He said agentic technology has shortened the process of creating and calibrating a new model from several weeks to a matter of hours, with the potential to reduce that further over time.
Munari also pointed to AI-powered diligence and document-management tools for private assets, geospatial offerings and specialized data sets related to the AI value chain. The company has developed connectors for major large-language-model providers, though Munari said clients currently tend to prefer MSCI’s directly trained and curated applications.
“It’s early stages,” Munari said, adding that MSCI is investing in connectivity to external platforms, direct agent-enabled access to its content and its own client-side agent capabilities.
Sustainability pressures and expense outlook
MSCI said its sustainability and climate reporting segment continued to face retention pressure. The company executed more than $5 million in new recurring sustainability sales and more than $2 million in climate sales during the quarter, but it also experienced elevated cancellations, including one sizable down-sale from a client reducing its sustainability spending.
Climate run-rate growth across MSCI product lines was 8%, excluding the effect of First Street. Management said integration of First Street, which provides physical-risk solutions, remained on track and client engagement was strong. MSCI expects sustainability and climate recurring net new sales to be roughly flat to slightly positive in the fourth quarter.
Wiechmann said the company expects to be at the top end of its 2026 expense-guidance ranges, citing approximately $20 million of acquisition-related expenses, $15 million to $20 million of incremental non-cash performance stock-option accruals, and $10 million to $15 million of higher-than-planned severance costs. He said severance reflects accelerated efficiency initiatives and the company’s AI transformation.
Management said headcount remained roughly flat from a year earlier despite four acquisitions. MSCI intends to use AI-driven productivity gains in its existing operations to fund further growth investments rather than target substantial margin expansion.
“We intend to reinvest those savings,” Wiechmann said, describing AI as an accelerant that could support more product investment, top-line growth and profitability over time.
Fernandez also said MSCI repurchased $627 million of shares from July 1 through Oct. 19 at an average price of $562 per share. Since the start of 2024, the company has repurchased nearly 8 million shares for $4.4 billion, he said.
About MSCI (NYSE:MSCI)MSCI Inc NYSE: MSCI is a global provider of investment decision-support tools and services for institutional investors, asset managers, banks and other financial institutions. The company is best known for developing equity, fixed-income and multi-asset indexes used to benchmark portfolios and support the creation of investment products such as exchange-traded funds.
In addition to its indexes, MSCI provides portfolio analytics, risk-management and performance-attribution tools, as well as research and data covering environmental, social and governance factors, climate risk and sustainable investing.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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MSCI (MSCI - Free Report) reported $892 million in revenue for the quarter ended September 2026, representing a year-over-year increase of 12.4%. EPS of $5.11 for the same period compares to $4.47 a year ago.
The reported revenue represents a surprise of +1.3% over the Zacks Consensus Estimate of $880.58 million. With the consensus EPS estimate being $4.98, the EPS surprise was +2.61%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how MSCI performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Period-End AUM in ETFs linked to MSCI equity indexes: $2.21 billion versus the three-analyst average estimate of $2.91 billion.Index Run Rate - Recurring subscriptions: $1.11 billion compared to the $1.1 billion average estimate based on three analysts.All Other - Private Assets Run Rate: $310.9 million versus $308.75 million estimated by three analysts on average.Index Retention Rate: 97.1% versus the three-analyst average estimate of 96%.Operating Revenues- Sustainability and Climate: $93.7 million versus the three-analyst average estimate of $92.23 million. The reported number represents a year-over-year change of +4%.Operating Revenues- Asset-based fees - Total: $246.6 million versus $241.43 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +24.9% change.Operating Revenues- Analytics: $191 million versus $194.2 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +4.9% change.Operating Revenues- All Other - Private Assets: $74.7 million versus the three-analyst average estimate of $74.67 million. The reported number represents a year-over-year change of +6.8%.Operating Revenues- Index: $532.6 million versus $521.64 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +18.1% change.Operating Revenues- Index- Non-recurring: $16.5 million versus the three-analyst average estimate of $11.9 million. The reported number represents a year-over-year change of +49%.Operating Revenues- Index- Asset-based fees: $246.6 million versus the three-analyst average estimate of $241.43 million. The reported number represents a year-over-year change of +24.9%.Operating Revenues- Index- Recurring subscriptions: $269.5 million versus $268.64 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +11.1% change.View all Key Company Metrics for MSCI here>>>
Shares of MSCI have returned +0.8% over the past month versus the Zacks S&P 500 composite's +0.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Key Takeaways MSCI's Q3 adjusted EPS rose 14.3% to $5.11, beating estimates, while revenues climbed 12.4% to $892 million.
Asset-based fees surged 24.9%, while Index revenues jumped 18.1%, driving MSCI's strong quarterly growth.
MSCI's net new recurring subscription sales rose 41.2%, but free cash flow declined 8.9% to $385.4 million.
MSCI (MSCI - Free Report) reported third-quarter 2026 adjusted earnings of $5.11 per share, up 14.3% year over year. The figure surpassed the Zacks Consensus Estimate by 2.61%.
Revenues rose 12.4% year over year to $892 million, beating the consensus mark by 1.30%. Higher recurring subscription revenue and asset-based fees drove growth. The retention rate improved to 95% from 94.7%, while period-end assets under management (AUM) in ETFs linked to MSCI equity indexes reached $2.905 trillion.
MSCI's Revenue Growth Reflects Strong Asset-Based FeesRecurring subscription revenues increased 7.7% year over year to $623.6 million, supported by growth across client segments. Asset-based fees surged 24.9% year over year to $246.6 million, benefiting from higher AUM in ETFs and non-ETF indexed funds linked to MSCI indexes.
Non-recurring revenues increased 29.8% year over year to $21.8 million. Organic operating revenue growth was 12.3%. Total run rate, representing the annualized value of recurring contracts, reached $3.572 billion, up 12.1% year over year.
MSCI's Top-Line Details Highlight Index StrengthIndex revenues of $532.6 million increased 18.1% year over year. Recurring subscriptions rose 11.1%, while non-recurring revenues jumped 48.6%. Organic operating revenue growth was 18%.
The segment’s adjusted EBITDA increased 17.8% year over year to $412.4 million, while its margin contracted to 77.4% from 77.6%. Index run rate reached $2.083 billion, up 16.5%, supported by market-cap-weighted and custom index products.
Analytics operating revenues increased 4.8% year over year to $191 million, aided by growth in Equity Analytics and Multi-Asset Class products. Recurring subscription revenues rose 5.5%, while non-recurring revenues declined 25.6% year over year. Adjusted EBITDA decreased 4.9% to $85.7 million, and the margin contracted to 44.9% from 49.4%.
Sustainability and Climate revenues rose 4% year over year to $93.7 million. Adjusted EBITDA rose 10.1% year over year to $38.2 million, and the margin expanded to 40.8% from 38.6%. Organic revenue growth was 2.2%, reflecting acquisition contributions and underlying demand for Climate products.
All Other - Private Assets revenues increased 6.7% to $74.7 million. However, adjusted EBITDA fell 4.6% to $18.5 million, and the margin contracted to 24.8% from 27.6%.
MSCI's Sales Trends Show Improving Client DemandNew recurring subscription sales increased 25.3% year over year to $85.8 million. Subscription cancellations rose 4.4% to $31 million. Consequently, net new recurring subscription sales surged 41.2% to $54.8 million. Total net sales advanced 35% to $76.4 million.
Index net new recurring subscription sales increased 40.5% to $27.4 million. Analytics and All Other - Private Assets recorded growth of 63.6% and 67.3%, respectively.
However, Sustainability and Climate reported negative net new recurring subscription sales of $1.1 million against positive sales of $2 million a year ago, reflecting increased cancellations.
MSCI's Q3 Operating PerformanceTotal operating expenses increased 12.8% year over year to $389.9 million.
Adjusted EBITDA advanced 12.2% to $554.8 million. The adjusted EBITDA margin narrowed 10 basis points to 62.2%, reflecting expenses rising slightly faster than revenues.
Operating income increased 12.2% to $502.1 million. The operating margin contracted 10 basis points to 56.3%.
MSCI's Balance Sheet and Cash FlowAs of Sept. 30, 2026, cash and cash equivalents were $261 million, while total principal debt stood at $6.8 billion. The debt-to-adjusted EBITDA ratio was 3.2 times.
Net cash provided by operating activities declined 3% year over year to $436.1 million, primarily reflecting higher interest payments. Free cash flow fell 8.9% to $385.4 million.
MSCI repurchased $552.3 million of shares during the quarter and paid approximately $147.5 million in dividends. The company also declared a fourth-quarter dividend of $2.05 per share.
MSCI Updates Full-Year 2026 GuidanceMSCI expects full-year operating expense outlook in the range of $1.535-$1.575 billion and adjusted EBITDA expense guidance to be between $1.340 and $1.370 billion. Capital expenditures are expected to be between $160 million and $170 million.
The company continues to anticipate operating cash flow of $1.655-$1.705 billion and free cash flow of $1.485-$1.545 billion. However, interest expense guidance increased to $288-$291 million from $282-$286 million, while the expected effective tax rate narrowed to 18-19.5% from 18-20%.
Zacks Rank & Stocks to ConsiderMSCI currently carries a Zacks Rank #3 (Hold).
Robinhood Markets (HOOD - Free Report) , First Busey (BUSE - Free Report) , and S&T Bancorp (STBA - Free Report) are some better-ranked stocks that investors can consider in the Finance sector. While HOOD sports a Zacks Rank #1 (Strong Buy), BUSE and STBA carry a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Robinhood Markets shares have plunged 14.7% in the year-to-date period. Robinhood Markets is likely to report its third-quarter 2026 results on Oct. 27, 2026.
First Busey shares have gained 23.3% in the year-to-date period. First Busey is set to report its third-quarter 2026 results on Oct. 27, 2026.
S&T Bancorp shares have gained 23.2% in the year-to-date period. S&T Bancorp is likely to report its third-quarter 2026 results on Oct. 22, 2026.
MSCI (MSCI - Free Report) came out with quarterly earnings of $5.11 per share, beating the Zacks Consensus Estimate of $4.98 per share. This compares to earnings of $4.47 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +2.61%. A quarter ago, it was expected that this maker of software tools to help portfolio managers make investment decisions would post earnings of $4.9 per share when it actually produced earnings of $4.94, delivering a surprise of +0.82%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
MSCI, which belongs to the Zacks Financial - Investment Management industry, posted revenues of $892 million for the quarter ended September 2026, surpassing the Zacks Consensus Estimate by 1.30%. This compares to year-ago revenues of $793.43 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
MSCI shares have lost about 1.8% since the beginning of the year versus the S&P 500's gain of 12.4%.
What's Next for MSCI?While MSCI has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for MSCI was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $5.12 on $907.33 million in revenues for the coming quarter and $19.56 on $3.51 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Investment Management is currently in the bottom 21% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Franklin Templeton (BEN - Free Report) , has yet to report results for the quarter ended September 2026. The results are expected to be released on November 6.
This investment manager is expected to post quarterly earnings of $0.77 per share in its upcoming report, which represents a year-over-year change of +14.9%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Franklin Templeton's revenues are expected to be $2.36 billion, up 0.5% from the year-ago quarter.
NEW YORK--(BUSINESS WIRE)--MSCI Inc. (“MSCI” or the “Company”) (NYSE: MSCI), a leading provider of critical decision support tools and services for the global investment community, today announced its financial results for the three months ended September 30, 2026 (“third quarter 2026”) and nine months ended September 30, 2026 (“nine months 2026”). Financial and Operational Highlights for Third Quarter 2026 (Note: Unless otherwise noted, percentage and other changes are relative to the three mo.
Bank Indonesia faces mounting pressure to raise interest rates on Wednesday as economists revise their forecasts after global index provider MSCI warned it may downgrade the country's stock market from emerging-market status, setting off a selloff in stocks and the rupiah.
Citibank now expects a pre-emptive 50 basis-point increase to 6.25%, abandoning its earlier call for no change. Capital Economics and Permata Bank expect a 25 basis-point hike to 6%. The central bank has held its benchmark seven-day reverse repurchase rate at 5.75% since June.
MSCI said Friday it is considering moving Indonesia to "standalone" from the emerging-market status it has held since 1989, causing the Jakarta Composite Index to suffer the worst two-day sell-off recorded, before recovering about 3% Tuesday after authorities announced steps to improve market transparency and price discovery, including expelling tightly held companies from the flagship index.
Meanwhile, rupiah weakened to 18,030 per dollar on Tuesday, near its June record low, falling about 8% this year.
"Not delivering a rate hike [on Wednesday] would run the risk of disappointing investors and fueling further downward pressure on the currency," said Jason Tuvey, deputy chief emerging markets economist at Capital Economics. "A decision to hold rates on Wednesday could also revive concerns among investors that Bank Indonesia is kowtowing to political pressure."
Citi's Helmi Arman said a hike would aim to stop equity outflows spilling into bonds and prompting capital flight by domestic investors. He expects it to be a "one-off" followed by other support such as government foreign-currency borrowing or another round of bilateral currency swaps with foreign central banks.
The central bank has already raised rates by a combined 100 basis points since May. Headline inflation quickened to a three-month high of 3.28% in September, within the 1.5%-3.5% target range, while core inflation eased to 2.84%. The governor, Destry Damayanti, has said foreign-exchange reserves of $146.3 billion at the end of September would be adequate to stabilize the rupiah.
Market integrity in question"Market confidence can deteriorate much faster than economic fundamentals," said Josua Pardede, chief economist at PT Bank Permata, estimating that foreign investors have net sold about $5 billion of Indonesian stocks this year. The risk is that foreign equity withdrawals could further weaken the rupiah and trigger selling in government bonds, he added.
The biggest risk is not simply losing Emerging Market status, but letting doubts about market integrity become a lasting increase in Indonesia's cost of capital.
Josua Pardede
Chief economist, PT Bank Permata
An MSCI downgrade could force $3 billion to $5 billion of passive outflows, with another $15 billion of actively managed foreign money exposed to reassessment, he estimates. Pardede expects the market adjustment may come in stages, from precautionary selling through the first half of 2027 and mechanical selling if MSCI confirms the move by June.
"BI can provide liquidity and reduce excessive volatility, but only credible market-governance reforms can address MSCI's fundamental concerns," he said, calling for credible free-float data, ownership disclosure and transparent engagement with international institutional investors.
"The biggest risk is not simply losing Emerging Market status, but letting doubts about market integrity become a lasting increase in Indonesia's cost of capital."
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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NEW YORK--(BUSINESS WIRE)--MSCI announced that it will apply a freeze on certain index related changes for Turkish equity securities resulting from Index Reviews or corporate events, effective immediately and until further notice. As part of the MSCI 2026 Market Classification Review, MSCI highlighted serious concerns raised by institutional investors about possible coordinated trading through fund holdings closely affiliated with certain smaller listed companies, which undermines the reliabili.
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In its upcoming report, MSCI (MSCI - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $4.98 per share, reflecting an increase of 11.4% compared to the same period last year. Revenues are forecasted to be $880.29 million, representing a year-over-year increase of 10.9%.
The current level reflects a downward revision of 1% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Bearing this in mind, let's now explore the average estimates of specific MSCI metrics that are commonly monitored and projected by Wall Street analysts.
According to the collective judgment of analysts, 'Operating Revenues- Sustainability and Climate' should come in at $92.23 million. The estimate indicates a year-over-year change of +2.3%.
The consensus among analysts is that 'Operating Revenues- Asset-based fees - Total' will reach $241.43 million. The estimate points to a change of +22.2% from the year-ago quarter.
Based on the collective assessment of analysts, 'Operating Revenues- Analytics' should arrive at $194.20 million. The estimate suggests a change of +6.6% year over year.
The collective assessment of analysts points to an estimated 'Operating Revenues- All Other - Private Assets' of $74.67 million. The estimate suggests a change of +6.7% year over year.
The combined assessment of analysts suggests that 'Period-End AUM in ETFs linked to MSCI equity indexes' will likely reach $2.91 billion. The estimate compares to the year-ago value of $2.21 billion.
Analysts forecast 'Index Run Rate - Recurring subscriptions' to reach $1.10 billion. The estimate compares to the year-ago value of $988.13 million.
It is projected by analysts that the 'All Other - Private Assets Run Rate' will reach $308.75 million. Compared to the current estimate, the company reported $285.42 million in the same quarter of the previous year.
The consensus estimate for 'Index Retention Rate' stands at 96.0%. Compared to the present estimate, the company reported 95.8% in the same quarter last year.
Analysts expect 'Sustainability and Climate Run Rate' to come in at $379.74 million. Compared to the current estimate, the company reported $370.81 million in the same quarter of the previous year.
Analysts predict that the 'Total Run Rate - Total recurring subscriptions' will reach $2.58 billion. The estimate is in contrast to the year-ago figure of $2.39 billion.
Analysts' assessment points toward 'Analytics Retention Rate' reaching 94.5%. The estimate compares to the year-ago value of 94.4%.
The average prediction of analysts places 'Sustainability and Climate Retention Rate' at 93.2%. The estimate compares to the year-ago value of 93.6%.
View all Key Company Metrics for MSCI here>>>
Shares of MSCI have demonstrated returns of +3.7% over the past month compared to the Zacks S&P 500 composite's +1.4% change. With a Zacks Rank #3 (Hold), MSCI is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Wall Street expects a year-over-year increase in earnings on higher revenues when MSCI (MSCI - Free Report) reports results for the quarter ended September 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on October 20, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus EstimateThis maker of software tools to help portfolio managers make investment decisions is expected to post quarterly earnings of $5.00 per share in its upcoming report, which represents a year-over-year change of +11.9%.
Revenues are expected to be $879.98 million, up 10.9% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.53% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for MSCI?For MSCI, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.26%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination indicates that MSCI will most likely beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that MSCI would post earnings of $4.9 per share when it actually produced earnings of $4.94, delivering a surprise of +0.82%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
MSCI appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? MSCI (MSCI - Free Report) , which belongs to the Zacks Financial - Investment Management industry, could be a great candidate to consider.
When looking at the last two reports, this maker of software tools to help portfolio managers make investment decisions has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 2.11%, on average, in the last two quarters.
For the most recent quarter, MSCI was expected to post earnings of $4.9 per share, but it reported $4.94 per share instead, representing a surprise of 0.82%. For the previous quarter, the consensus estimate was $4.4 per share, while it actually produced $4.55 per share, a surprise of 3.41%.
Price and EPS Surprise
For MSCI, estimates have been trending higher, thanks in part to this earnings surprise history. And when you look at the stock's positive Zacks Earnings ESP (Expected Surprise Prediction), it's a great indicator of a future earnings beat, especially when combined with its solid Zacks Rank.
Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
MSCI currently has an Earnings ESP of +0.60%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #3 (Hold) indicates that another beat is possibly around the corner. We expect the company's next earnings report to be released on October 20, 2026.
With the Earnings ESP metric, it's important to note that a negative value reduces its predictive power; however, a negative Earnings ESP does not indicate an earnings miss.
Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate.
Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Here at Zacks, we offer our members many different opportunities to take full advantage of the stock market, as well as how to invest in ways that lead to long-term success.
The Zacks Premium service makes this easier. It features daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter. All of these can help you quickly identify what stocks to buy, what to sell, and what are today's hottest industries.
The service also includes the Focus List, which is a long-term portfolio of top stocks that boast a winning, market-beating combination of growth and momentum qualities.
Breaking Down the Zacks Focus ListBuilding an investment portfolio from scratch can be difficult, so if you could, wouldn't you take a peek at a curated list of top stocks?
That's what the Zacks Focus List, a portfolio of 50 stocks, offers investors. Not only does it serve as a starting point for long-term investors, but all stocks included in the list are poised to outperform the market over the next 12 months.
What makes the Focus List even more helpful is that each selection is accompanied by a full Zacks Analyst Report, which explains the reasoning behind every stock's selection and why we believe it's a good pick for the long-term.
The portfolio's past performance only solidifies why investors should consider it as a starting point. For 2020, the Focus List gained 13.85% on an annualized basis compared to the S&P 500's return of 9.38%. Cumulatively, the portfolio has returned 2,519.23% while the S&P returned 854.95%. Returns are for the period of February 1, 1996 to March 31, 2021.
Focus List MethodologyWhen stocks are picked for the Focus List, it reflects our enduring reliance on the power of earnings estimate revisions.
Earnings estimates are expectations of growth and profitability, and are determined by brokerage analysts. Together with company management, these analysts examine every aspect that may affect future earnings, like interest rates, the economy, and sector and industry optimism.
Earnings estimate revisions are very important, since investors also need to take into consideration what a company will earn in the future.
The stocks that receive positive changes to earnings estimates are more likely to receive even more upward changes in the future. Take this example: if an analyst raised their estimates last month, they'll probably do so again this month, and other analysts will follow.
Utilizing the power of earnings estimate revisions is when the Zacks Rank joins the party. A unique, proprietary stock-rating model, the Zacks Rank uses changes to quarterly earnings expectations to help investors create a winning portfolio.
The Zacks Rank consists of four main pillars: Agreement, Magnitude, Upside, and Surprise. Each one is given a raw score, which is recalculated every night and compiled into the Rank. Then, stocks are classified into five groups, ranging from "Strong Buy" to "Strong Sell," using this data.
The Focus List is comprised of stocks hand-picked from a long list of #1 (Strong Buy) or #2 (Buy) ranked companies, meaning that each new addition boasts a bullish earnings consensus among analysts.
It can be very profitable to buy stocks with rising earnings estimates, as stock prices respond to revisions. By adding Focus List stocks, there's a great chance you'll be getting into companies whose future earnings estimates will be raised, which can lead to price momentum.
Focus List Spotlight: MSCI (MSCI - Free Report) MSCI Inc. provides investment decision support tools, including indexes; portfolio construction and risk management products and services; Environmental, Social and Governance (ESG) research and ratings; and real estate research, reporting and benchmarking offerings.
On October 10, 2018, MSCI was added to the Focus List at $166.96 per share. Shares have increased 236.41% to $561.67 since then, and the company is a #3 (Hold) on the Zacks Rank.
For fiscal 2026, one analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased to $19.61. MSCI boasts an average earnings surprise of 1.8%.
Earnings for MSCI are forecasted to see growth of 13.5% for the current fiscal year as well.
Reveal Winning StocksUnlock all of our powerful research, tools and analysis, including the Zacks #1 Rank List, Equity Research Reports, Zacks Earnings ESP Filter, Premium Screener and more, as part of Zacks Premium. You'll quickly identify which stocks to buy, hold and sell, and target today's hottest industries, to help improve the performance of your portfolio. Gain full access now >>
NEW YORK--(BUSINESS WIRE)--MSCI Inc. (NYSE: MSCI) has launched SignalLab, a platform that brings research-backed, methodology-governed signals across multiple investment domains together with the tools that teams need to test and deploy them at scale. Currently the proliferation of data and signals from vendors with different quality standards, methodologies, investment universes and security identifiers, makes them hard to compare and complicates onboarding for investment teams. SignalLab addr.
NEW YORK--(BUSINESS WIRE)--MSCI Inc. (“MSCI” or the “Company”) (NYSE: MSCI) today announced that it will host a conference call, as previously scheduled, to review its third quarter 2026 financial results on Tuesday, October 20, 2026, at 11:00 a.m. Eastern Time. The results for third quarter 2026 will be released pre-market on the same day. A copy of the earnings release and other related materials and a live webcast link will be available on the events and presentation section of MSCI's Invest.
Asijské akcie posilují taženy technologickým sektorem, který se zotavil před dnešním oznámením sazeb Federálního rezervního systému v USA.
MSCI Asia Pacific by tak mohl ukončit čtyřdenní sérii ztrát, přičemž mezi tituly s největšími zisky patří výrobci čipů SK Hynix a MediaTek. Většina trhů se obchodovala v zeleném pásmu, včetně Jižní Koreje, Japonska, Tchaj-wanu, Číny a Indie. Nálada se zlepšila i s poklesem cen ropy, nicméně obavy z inflace zůstávají a Brent stále kolem 108 USD za barel.
Japonský export vzrostl meziročně za srpen o 19,3 % nad očekávání 18,4% růstu. Import v Japonsku vzrostl o 28 %, přičemž analytici očekávali 26,3 %.
Japonský Nikkei 225 +0,69 % na 63923 b.
Hongkongský Hang Seng +0,12 % na 24697,16 b.
Čínský Shanghai Composite +0,7 % na 3891,3281 b.
Jihokorejský Kospi +1,37 % na 6717,97 b.
Australský S&P/ASX 200 +0,28 % na 8696,5 b.
MSCI survey finds 71% of advisers plan to increase their use of active ETFs over the next two years 58% say a new active ETF allocation would most likely displace an existing mutual fund 45% of respondents expect to broaden their equity allocations beyond their home markets over the next two years Nearly half are open to accessing less liquid assets through an ETF, but only 16% think private markets are a good fit for the structure , /PRNewswire/ -- Active ETFs are firmly in the mainstream and set for further growth, but advisers are putting greater emphasis on value, liquidity and structural fit when deciding which products earn a place in portfolios, according to a survey of 450 advisers across the U.S. and Europe by MSCI Inc. (NYSE: MSCI).
The vast majority of respondents (87%) to the ETF Intelligence Survey 2026 already invest in active ETFs and 71% expect to increase their use over the next two years. Passive ETF use is also set to grow, with 62% of advisers planning to increase their allocation. More significantly for asset managers, 58% say a new active ETF allocation from a manager they already use would most likely displace an existing mutual fund or UCITS holding.
A change in structure doesn't necessarily mean a change in manager, however, with half of respondents likely to switch to an active ETF version of a strategy they already hold and 85% of those involved in fund selection open to an ETF share class of the same strategy.
Looking ahead, advisers want greater choice across strategies and exposures with thematic and megatrend ETFs drawing the strongest demand (47%). At the same time, 45% of respondents expect to broaden their equity allocations beyond their home markets over the next two years. Among these respondents, 39% expect a greater focus on emerging markets compared with 24% on developed markets.
The majority (58%) of respondents would pay more for a difficult-to-access strategy whereas only 12% would pay a higher fee for core beta. Liquidity and the ability to trade efficiently also rank among the top priorities for 68% of respondents, a sign that advisers are weighing what an ETF costs to use alongside what it costs to own.
As ETFs stretch across more strategies and asset classes, the question of fit becomes more important. While nearly half (49%) of responding advisers are open to accessing private or less liquid assets through an ETF, only 16% consider private markets a good fit for the structure. Nearly two-thirds (62%) point to a mismatch between the liquidity of the ETF and its underlying assets as the main reason, ahead of valuation transparency (50%) and a lack of track record (44%).
"Passive ETFs remain the foundation of most adviser portfolios, but active ETFs are increasingly becoming mainstream. What we are seeing is a shift from whether advisers will use active ETFs to where the structure delivers the most value," said Jana Haines, Global Head of Index at MSCI. "As the ETF market enters a more mature phase, advisers are also asking harder questions about the product's fit. The opportunity lies not just in providing more choice, but in knowing where the structure adds value, where its limits lie and what it takes to earn a place in the portfolio."
For more information about the MSCI ETF Intelligence Survey 2026, please visit msci.com.
About MSCI
MSCI Inc. (NYSE: MSCI) strengthens global markets by connecting participants across the financial ecosystem with a common language. Our research-based data, analytics and indexes, supported by advanced technology, set standards for global investors and help our clients understand risks and opportunities so they can make better decisions and unlock innovation. We serve asset managers and owners, private-market sponsors and investors, hedge funds, wealth managers, banks, insurers and corporates. To learn more, please visit www.msci.com.
The process for submitting a formal index complaint can be found on the index regulation page of MSCI's website at: https://www.msci.com/index-regulation.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements relate to future events or performance and involve risks that may cause actual results or performance to differ materially, and you should not place undue reliance on them. Risks that could affect results or performance are in MSCI's Annual Report on Form 10-K for the most recent fiscal year ended on December 31 that is filed with the SEC. MSCI does not undertake to update any forward-looking statements. No information herein constitutes investment advice or should be relied on as such. MSCI grants no right or license to use its products or services without an appropriate license. MSCI MAKES NO EXPRESS OR IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE OR OTHERWISE WITH RESPECT TO THE INFORMATION HEREIN AND DISCLAIMS ALL LIABILITY TO THE MAXIMUM EXTENT PERMITTED BY LAW.
Americké akciové trhy dnes pokračují v poklesech posledních dnů, když další růst cen ropy a čerstvá inflační data posílily obavy z brzkého zvýšení sazeb Fedu. S&P 500 ztrácí zhruba 0,4 % a míří ke čtvrtému poklesu v řadě, Nasdaq 100 odepisuje 0,3 %, Dow Jones klesá o 0,5 % a MSCI World ztrácí 0,5 %. Hlavním kurzotvorným faktorem je opět energie: Brent se během dne dotkl 107 USD za barel a WTI roste o více než 5 % nad 101 USD, zatímco americké dieselové futures vystoupaly poprvé od roku 2022 nad 5 USD za galon. Srpnový index cen výrobců v USA vzrostl meziměsíčně o 0,4 %, nejvíce od května, což podle trhu zvyšuje pravděpodobnost, že Fed na zasedání 15.–16. září přistoupí ke zvýšení sazeb. Investoři nyní čekají na páteční data o spotřebitelské inflaci, která mají ukázat, zda se vyšší ceny energií výrazněji propisují i do CPI.
Slabost akcií doprovází výprodej dluhopisů. Výnos desetiletého amerického dluhopisu roste o 7 bazických bodů na 4,91 %, dvouletý výnos podle zdrojů přidal 11 bodů a třicetiletý výnos se dostal na nejvyšší úroveň od roku 2007. Růst výnosů nejvíce zatěžuje akcie s vyššími valuacemi, zejména růstové tituly, protože trh nově zaceňuje zhruba 70% pravděpodobnost zvýšení sazeb Fedu už příští týden a plně započítává hike do října. Euro oslabuje o 0,1 % na 1,1619 USD, když dnešní zvýšení sazeb ECB bylo široce anticipováno. Z komodit vedle ropy oslabuje zlato o 0,8 % na 4 362 USD za unci. Kryptoměny rovněž ztrácejí, bitcoin odepisuje 1,5 % na 77 108 USD a ether klesá o 1 % na 2 447 USD.
Z jednotlivých titulů zaujal zejména Apple (AAPL +3,21 %) , který roste po převážně pozitivních komentářích analytiků k novému skládacímu iPhonu. Meta Platforms (META -0,6 %) se pohybuje kolem nuly po zvýšení doporučení od JPMorgan. Naopak Adobe (ADBE -2,12 %) klesá před výsledky po dnešním závěru trhu, protože část investorů nadále vnímá u softwarových firem riziko spojené s AI konkurencí. Macy’s (M -4,14 %) oslabuje i když firma překonala odhady za druhý kvartál a zvýšila výhled. Investory zklamala méně přesvědčivá prognóza pro třetí čtvrtletí. JetBlue Airways (JBLU +0,8 %) snížily výhled kapacity kvůli počasí a problémům v řízení letového provozu na severovýchodě USA a American Eagle (AEO -14,4 %) zaostal v meziročním srovnání celkových srovnatelných tržeb za odhady. Pod tlakem jsou také měďařské akcie, když Bílý dům podle zdrojů posuzuje cla na rafinovanou měď, takže výrazně klesá třeba Freeport-McMoRan (FCX -7,17 %). Po závěru trhu bude důležitý Oracle (ORCL -3,42 %), jehož výsledky otestují ochotu investorů tolerovat vysoké zadlužení a masivní výdaje na AI infrastrukturu.
Index Dow Jones -0,56 % na 52089,62 b.
S&P 500 -0,42 % na 7604,12 b.
Nasdaq Composite -0,38 % na 26154,32 b.
Index S&P 500 -0,42 % na 7604,12 b. Nejsilnější sektory S&P Změna Nejslabší sektory S&P Změna Nezbytná spotřeba +0,4 % Základní materiály -1,6 % Komunikační služby +0,3 % Utility -0,9 % Energie +0 % Průmysl -0,7 % Nejsilnější akcie S&P Změna Nejslabší akcie S&P Změna Skyworks Solutions (SWKS) +9,1 % Cooper Cos (COO) -15 % Reddit (RDDT) +7,1 % Freeport-McMoRan (FCX) -7,1 % Elevance Health (ELV) +5,5 % Baker Hughes (BKR) -6,5 % GoDaddy (GDDY) +4,4 % Vertiv Holdings (VRT) -5,8 % Charter Communications (CHTR) +4,4 % Hewlett Packard Enterprise (HPE) -5,3 %
Martin Varecha
Fio banka, a.s.
Prohlášení
NEW YORK--(BUSINESS WIRE)--MSCI Inc. (“MSCI” or the “Company”) (NYSE: MSCI) announced today that Andy Wiechmann, Chief Financial Officer, will be participating in a fireside chat at the Barclays Annual Global Financial Services Conference on Monday, September 14, 2026, at 10:30 AM Eastern Time. A live webcast and replay of this event will be available on the events and presentations section of MSCI's Investor Relations homepage at https://ir.msci.com/events-and-presentations. About MSCI Inc. MS.
A month has gone by since the last earnings report for MSCI (MSCI - Free Report) . Shares have lost about 1% in that time frame, underperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is MSCI due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers.
MSCI Q2 Earnings Beat Estimates, Revenues Rise Y/YMSCI reported second-quarter 2026 adjusted earnings of $4.94 per share, up 18.5% year over year. The figure beat the Zacks Consensus Estimate by 0.82%.
Revenues increased 12.2% year over year to $867 million and surpassed the consensus mark by 0.90%. Growth reflected higher recurring subscription revenues and asset-based fees. The retention rate improved to 95.3%, while period-end AUM in ETFs linked to MSCI equity indexes reached $2.818 trillion.
Recurring subscription revenues rose 9% year over year to $613.4 million. Asset-based fees advanced 26.6% to $233.1 million, benefiting from higher AUM in ETFs and non-ETF indexed funds linked to MSCI indexes. Non-recurring revenues declined 20.5% to $20.5 million.
MSCI’s Top-Line DetailsIn second-quarter 2026, Index revenues of $511 million increased 17.5% year over year. Recurring subscriptions and asset-based fees rose 11.6% and 26.6% on a year-over-year basis, respectively. Non-recurring revenues slipped 1.3% year over year. Organically, Index’s operating revenue growth was 17.5%.
The segment’s adjusted EBITDA rose 20.5% to $397.8 million, and its margin expanded to 77.8% from 75.9%. Index run rate reached $2.027 billion, up 17.4%, supported by market-cap-weighted and custom index products across client segments and regions.
Analytics’ operating revenues of $189.4 million increased 6.6% year over year, aided by growth in Equity Analytics and Multi-Asset Class products. Recurring subscription revenues jumped 9.5% and non-recurring revenues decreased 55.7% on a year-over-year basis. Organically, Analytics’ operating revenue growth was 7%. However, adjusted EBITDA fell 5% to $88 million as expenses grew faster than revenues. The segment’s margin contracted to 46.5% from 52.1%.
Sustainability and Climate revenues rose 3.4% to $91.9 million, while adjusted EBITDA increased 12.3%. While recurring subscriptions increased 4% year over year, non-recurring revenues declined 26.3% on a year-over-year basis. Organically, Sustainability and Climate operating revenue growth was 3%. The segment’s adjusted EBITDA rose 12.3% to $35.6 million, and its margin expanded to 38.7% from 35.6%.
All Other – Private Assets operating revenues, which primarily comprise the Real Assets operating segment and the Private Capital Solutions, were $74.7 million, up 4.9% year over year. Organic operating revenue growth for All Other – Private Assets was 4.4%. However, adjusted EBITDA fell 14.1% to $17.1 million. The segment’s margin contracted to 22.9% from 28%.
MSCI's Sales Trends Highlight Index StrengthNew recurring subscription sales increased 1.9% year over year to $76.6 million. Subscription cancellations declined 7.3%, helping net new recurring subscription sales grow 8.4% to $47.5 million. Total net sales decreased 1.4% because of weaker non-recurring activity.
Index net new recurring subscription sales surged 40.5% to $28.1 million. All Other – Private Assets also delivered a 57.5% increase. These gains were partly offset by declines in Analytics and Sustainability and Climate, where net new recurring subscription sales fell 24.3% and 62%, respectively.
MSCI’s Q2 Operating DetailsTotal operating expenses increased 9.2% year over year to $379.5 million. The rise reflected higher information technology, market data, professional fees, occupancy and compensation costs. Expenses also included amounts related to the Compass, Vantager and PM Insights acquisitions.
Operating income grew 14.6% to $487.5 million. The operating margin improved 120 basis points to 56.2%, while adjusted EBITDA advanced 13.5% to $538.5 million. The adjusted EBITDA margin widened 70 basis points to 62.1%, reflecting revenue growth that outpaced adjusted costs.
MSCI’s Balance Sheet & Cash FlowAs of June 30, 2026, cash and cash equivalents stood at $356.4 million, while total principal debt was $6.4 billion. The debt-to-adjusted EBITDA ratio was 3.1 times.
Net cash provided by operating activities increased 10.3% year over year to $370.8 million. Free cash flow rose 8.2% to $326.4 million.
MSCI repurchased $145 million of shares during the quarter and paid about $149.2 million in dividends.
MSCI Updates 2026 GuidanceMSCI raised its full-year operating expense outlook to $1.535-$1.575 billion from $1.490-$1.530 billion. Adjusted EBITDA expense guidance increased to $1.340-$1.370 billion from $1.305-$1.335 billion, reflecting acquisitions, stronger index-linked AUM and additional growth investments.
The company now expects net cash provided by operating activities of $1.655-$1.705 billion and free cash flow of $1.485-$1.545 billion. Interest expense is projected to be between $282 million and $286 million, while capital expenditures are anticipated to be in the range of $160-$170 million.
How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a downward trend in fresh estimates.
VGM ScoresAt this time, MSCI has a nice Growth Score of B, though it is lagging a lot on the Momentum Score front with an F. Following the exact same course, the stock has a grade of F on the value side, putting it in the lowest quintile for value investors.
Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, MSCI has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry PlayerMSCI is part of the Zacks Financial - Investment Management industry. Over the past month, Cohen & Steers Inc (CNS - Free Report) , a stock from the same industry, has gained 0.9%. The company reported its results for the quarter ended June 2026 more than a month ago.
Cohen & Steers reported revenues of $152.73 million in the last reported quarter, representing a year-over-year change of +12.2%. EPS of $0.85 for the same period compares with $0.73 a year ago.
For the current quarter, Cohen & Steers is expected to post earnings of $0.89 per share, indicating a change of +9.9% from the year-ago quarter. The Zacks Consensus Estimate has changed 0% over the last 30 days.
The overall direction and magnitude of estimate revisions translate into a Zacks Rank #2 (Buy) for Cohen & Steers. Also, the stock has a VGM Score of F.
Asijsko-pacifický region zakončil obchodování v zelených číslech. Hlavním tahounem růstu byla Jižní Korea, kde index posílil o 5,89 %. Růst zaznamenaly také burzy v Japonsku a Hongkongu. Regionální index MSCI Asia Pacific připisuje 1,74 %.
Pozitivní náladu na trzích podpořil pokles globálních výnosů dluhopisů poté, co USA signalizovaly zvýšení zpětných odkupů státních dluhopisů, což zmírnilo obavy z vysokých výpůjčních nákladů. Nižší výnosy spolu se solidními firemními výsledky znovu nastartovaly růst technologického sektoru navázaného na umělou inteligenci.
Z jednotlivých titulů se dařilo především polovodičovým gigantům. Samsung Electronics posílil o 9,5 % v reakci na zprávy o chystaném programu odměňování akcionářů a údajně plánovaném zvýšení cen některých produktů. Akcie SK Hynix přidaly 12,7 % poté, co společnost oznámila plán zpětného odkupu vlastních akcií v objemu 40 bil. KRW (cca 29 mld. USD).
Japonský Nikkei 225 +1,36 % na 66216,79 b.
Hongkongský Hang Seng +1 % na 25749,72 b.
Čínský Shanghai Composite +0,24 % na 3903,721 b.
Jihokorejský Kospi +5,89 % na 6852,58 b.
Australský S&P/ASX 200 +0,33 % na 9083,8 b.
LONDON--(BUSINESS WIRE)--MSCI Inc. (NYSE: MSCI), a leading provider of critical decision support tools and services for the global investment community, announced the results of the August 2026 Index Review for the MSCI Equity Indexes. All changes will be implemented as of the close of August 31, 2026. Highlights include: MSCI Global Standard Indexes: Fifty-five securities will be added to and 92 securities will be deleted from the MSCI ACWI® Index. The three largest additions to the MSCI World.
Asijské akcie rostou tažené výrobci čipů, poté co výsledky hospodaření amerických technologických firem podpořily sentiment vůči společnostem spojeným s infrastrukturou pro umělou inteligenci v regionu.
Index MSCI Asia Pacific přidává 0,8 %, přičemž hlavními tahouny jsou Samsung (+6,7 %), SK Hynix (+5,4 %) a TSMC (+0,8 %). Jihokorejský index Kospi posílil až o 5,1 %, což je jeho nejvýraznější nárůst v tomto měsíci. Růst podpořila i zpráva, že singapurský státní fond Temasek, jeden z největších v Asii, poprvé vstoupí na jihokorejský akciový trh, a to novou investicí do společností Samsung Electronics a SK Hynix.
Akcie spojené s umělou inteligencí rostly poté, co akcie společností Super Micro Computer a CoreWeave po zveřejnění výsledků hospodaření v pozdním americkém obchodování prudce posílily.
Japonský Nikkei 225 +0,86 % na 67547,81 b.
Hongkongský Hang Seng -1 % na 25395,21 b.
Čínský Shanghai Composite +0,26 % na 3944,3743 b.
Jihokorejský Kospi +3,68 % na 6579,04 b.
Australský S&P/ASX 200 -0,45 % na 9209,4 b.
SummaryMSCI Inc. is viewed as heavily discounted, trading at a 22% discount to fair value with strong long-term growth prospects.Recurring revenue, high client retention, and secular tailwinds in private markets and passive vehicles underpin MSCI's robust investment thesis.Despite a slight Q2 2026 earnings miss and rising operating expenses, MSCI maintains solid EPS growth, a stable credit profile, and a growing dividend.Dips in MSCI's share price are seen as attractive entry points, with the potential for a 32% total return by 2027 and 16% annualized through 2031.This idea was discussed in more depth with members of my private investing community, The Dividend Kings. Learn More » Andrii Lysenko/iStock via Getty Images
Co-authored by Kody's Dividends
Does quality always govern share price?
It's a question that investors wrestle with every single day when they watch their portfolio values climb or fall, seemingly at random or governed by
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Kody's Dividends, Justin Law, and Rachel Kaufman are part of the Dividend Kings team
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LONDON--(BUSINESS WIRE)--MSCI Inc. (NYSE:MSCI), a leading provider of critical decision support tools and services for the global investment community, will announce the results of the August 2026 Index Review for the MSCI Equity Indexes - including the MSCI Global Standard, MSCI Global Small Cap and MSCI Micro Cap Indexes, the MSCI Global Value and Growth Indexes, the MSCI Frontier Markets, MSCI Frontier Markets Small Cap and MSCI Frontier Emerging Markets Indexes, the MSCI US Equity Indexes, the MSCI US REIT Index, the MSCI China A Onshore indexes and the MSCI China All Shares Indexes. All changes will be made as of the close of August 31, 2026.
MSCI will post the list of additions to and deletions from the indexes for the August 2026 Index Review on its web site, www.msci.com, shortly after 11:00 p.m. Central European Summer Time (CEST) on August 12, 2026.
A summary of the announcement will be made available shortly thereafter on Bloomberg page MSCN, and Reuters public page MSCIA.
Additionally, MSCI will make detailed rebalancing information available to clients beginning immediately after the summary announcement appears on Bloomberg and/or Reuters. Clients can access the subscriber section of each index at: www.msci.com/index-review-subscribers
For the MSCI US Equity Indexes and the MSCI US REIT Index, a summary of the announcement will be made available at www.msci.com.
For more information, please visit at www.msci.com.
-Ends-
About MSCI
MSCI (NYSE: MSCI Inc.) strengthens global markets by connecting participants across the financial ecosystem with a common language. Our research-based data, analytics and indexes, supported by advanced technology, set standards for global investors and help our clients understand risks and opportunities so they can make better decisions and unlock innovation. We serve asset managers and owners, private-market sponsors and investors, hedge funds, wealth managers, banks, insurers and corporates. To learn more, please visit www.msci.com.
The process for submitting a formal index complaint can be found on the index regulation page of MSCI’s website at: https://www.msci.com/index-regulation.
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Asijské akcie klesají pod tlakem klíčových výrobců čipů v reakci na výsledkové zprávy amerických konkurentů, jako Sandisk a Western Digital. Zprávy podle agentury Bloomberg znovu vyvolaly obavy z toho, že předchozího růstu těchto akcií je neudržitelný. Samostatnou zprávu k výsledkům společností Sandisk a Western Digital pro vás připravujeme.
Index MSCI Asia Pacific odepisuje 1,24 %, přičemž mezi hlavní zátěže indexu patří akcie společností SK Hynix (-10,7 %), Samsung (-6,4 %), TSMC (1,7 %) a Kioxia (-9,8 %). Jihokorejský Kospi se propadá až o 5,5 %, přičemž výrazné ztráty zaznamenávají také japonský Nikkei 225, Hongkongu a na Tchaj-wanu.
Japonský Nikkei 225 -0,97 % na 65658,77 b.
Hongkongský Hang Seng -1,74 % na 25466,14 b.
Čínský Shanghai Composite +0,14 % na 3883,8427 b.
Jihokorejský Kospi -4,71 % na 6287,68 b.
Australský S&P/ASX 200 +0,47 % na 9271,6 b.
NEW YORK--(BUSINESS WIRE)--MSCI Inc. (NYSE: MSCI) has completed its acquisition of First Street, a leading provider of physics-based climate risk data and analytics across more than 2.4 billion structures worldwide. The acquisition was initially announced on June 24, 2026. Richard Mattison, Head of Sustainability and Climate at MSCI, said: “We are pleased to complete the acquisition of First Street. By integrating First Street's data into our existing climate solutions, we are strengthening our.
Asijské akcie na začátku nového měsíce klesají, přičemž klíčové jihokorejské čipové společnosti opět oslabují po pátečním prudkém růstu.
Index MSCI Asia Pacific odepisuje 0,6 %. Akcie společností Samsung Electronics a SK Hynix oslabují o více než 8 %, zatímco TSMC ztrácí více než 2 %. Index Kospi odepisuje 5,1 % po historickém pátečním nárůstu o 18 %. Akcie společnosti Alibaba (+7 %) kótované v Hongkongu naopak rostou po představení nejnovějšího vlajkového modelu umělé inteligence.
Akcie v Japonsku, měřené indexem Nikkei, klesají, když automobilky a další exportéři oslabují pod tlakem obav ze silnějšího jenu po společné měnové intervenci s USA ke konci minulého týdne.
Strategové banky Morgan Stanley zvýšili doporučení pro jihokorejské a thajské akcie na „overweight“ z původního „equal-weight“, zatímco u australských akcií doporučení snížili.
Japonský Nikkei 225 -0,94 % na 63754,9 b.
Hongkongský Hang Seng +0,15 % na 25922,14 b.
Čínský Shanghai Composite -0,73 % na 3804,3408 b.
Jihokorejský Kospi -5,12 % na 6257,45 b.
Australský S&P/ASX 200 +0,47 % na 9019,3 b.
I přes celkově včerejší poklidný vývoj, Asie přes noc znovu výrazněji oslabovala. Důvodem byl pokračující výprodej polovodičových akcií. V Jižní Koreji zaostal za očekáváni při kvartálních výsledcích výrobce pamětí SK Hynix (-10 %), jeho konkurent Samsung bude reportovat ve čtvrtek. Výprodej v Koreji poslal širší index MSCI Asie do záporu -1 % a jeho hodnota je nejníže od dubna. Futures kontrakty pro zámoří se přes volatilnější vývoj přes noc nicméně nyní obchodují bez větších změn, Evropa bude po včerejším růstu zřejmě nepatrně ztrácet. Zde investoři spíše sledují ceny ropy, které posilují téměř +4 %, Brent se obchoduje na 87 USD. USA oznámily, že zastavily překvapivý útok íránských vojáků. Hormuzský průliv zůstává nevyřešen. Středa přinese zasedání FEDu (zvýšení sazeb se nečeká, ale vyloučit nedá). Výsledky přinesou MSFT a Meta, zítra pak Apple či AMZN. V Evropě potvrdila výhled zisku společnost Porsche, silně vypadají čísla od Deutsche bank či UBS. Erste bude teprve zveřejňovat, ale nechala se slyšet, že do roku 2030 plánuje zdvojnásobit hodnotu čistého zisku. Očekávali bychom proto pozitivní reakci akcií.
Námi sledované indexy v asijsko-pacifickém regionu dnes převážně oslabily. Negativní sentiment se přenesl z Wall Street, kde pokračoval výprodej polovodičových společností v reakci na rostoucí pochybnosti investorů o návratnosti vysokých kapitálových výdajů spojených s umělou inteligencí.
Nejvýraznější propad zaznamenala Jižní Korea, kde index Kospi odepsal 10,84 %. Akcie Samsung Electronics a SK Hynix odepisaly přes 13 %. Prudký pokles vedl korejskou burzu k dočasnému přerušení obchodování. Pod tlakem byly také technologické tituly v Japonsku a na Tchaj-wanu, jejichž hlavní indexy klesaly o více než 4 %. Regionální index MSCI Asia Pacific odepisuje 3,35 %.
Investory znepokojovaly zejména obavy z tzv. kruhového financování v odvětví umělé inteligence, sílící konkurence čínských výrobců čipů a nejistota ohledně budoucí ziskovosti rozsáhlých investic do datových center a výpočetní infrastruktury. Pokračující pokles cen ropy regionálním akciím výraznější podporu nepřinesl, zatímco zvýšená averze k riziku podpořila dluhopisy.
Japonský Nikkei 225 -3,95 % na 62364,92 b.
Hongkongský Hang Seng +0,08 % na 25226,17 b.
Čínský Shanghai Composite -1,29 % na 3808,5231 b.
Jihokorejský Kospi -10,84 % na 6023,66 b.
Australský S&P/ASX 200 +0,6 % na 8947,8 b.
Námi sledované indexy v asijsko-pacifickém regionu dnes rostly. Trhy podpořila absence dalších vojenských úderů mezi USA a Íránem, která vedla k růstu akcií a poklesu cen ropy. Cena ropy Brent klesá nyní zhruba o 6,27 % na 90,7 USD za barel, čímž se mírní obavy z dalšího růstu inflace.
Index MSCI Asia Pacific nyní přidává 1 %. Z technologických titulů posílily například akcie Samsung Electronics o 1,9 % a SK Hynix o 3,5 %. Pozornost investorů se nyní přesouvá k výsledkům velkých technologických společností a jejich plánům kapitálových výdajů do AI.
V Číně zaujal debut výrobce paměťových čipů CXMT, jehož akcie při pondělním vstupu na šanghajskou burzu vzrostly až o 535 %.
Japonský Nikkei 225 +0,5 % na 64931,19 b.
Hongkongský Hang Seng +1,06 % na 25227,24 b.
Čínský Shanghai Composite +0,9 % na 3848,5914 b.
Jihokorejský Kospi +0,97 % na 6755,75 b.
Australský S&P/ASX 200 +1,39 % na 8894 b.
MSCI (NYSE:MSCI) reported upbeat earnings for the second quarter on Tuesday.
The company posted quarterly earnings of $4.94 per share which beat the analyst consensus estimate of $4.93 per share. The company reported quarterly sales of $867.000 million which beat the analyst consensus estimate of $866.439 million.
“In the second quarter MSCI delivered strong financial results along with a record asset-based-fee run rate and accelerated run-rate growth in Index and Private Capital Solutions. We also achieved strength in recurring net-new sales across key client segments and geographies, including our best quarter ever with hedge funds and our best Q2 with asset owners,” said Henry A. Fernandez, Chairman and CEO of MSCI.
MSCI shares rose 1.2% to trade at $568.28 on Wednesday.
These analysts made changes to their price targets on MSCI following earnings announcement.
JP Morgan analyst Alexander Hess maintained the stock with an Overweight rating and lowered the price target from $742 to $700. Evercore ISI Group analyst David Motemeden maintained the stock with an Outperform rating and lowered the price target from $746 to $722. Considering buying MSCI stock? Here’s what analysts think:
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Po týdnech zvýšené volatility v sektoru umělé inteligence hledají investoři čím dál častěji příležitosti mimo nejpopulárnější technologické tituly. Analytici Goldman Sachs proto sestavili seznam společností, které mohou nabídnout atraktivní růst bez přímé závislosti na AI boomu. Mezi favority zařadili firmy těžící ze silných spotřebitelských výdajů, rozmachu cestovního ruchu, zábavního průmyslu či finančních služeb, ale také kvalitní společnosti, jejichž ocenění podle banky neodpovídá jejich fundamentům.
Goldman Sachs se zaměřil na akcie mimo sektor s umělou inteligencí poté, co s ním týdny zmítá volatilita. „Zatímco mnoho správců fondů si zachovalo býčí fundamentální pohled na komplex AI infrastruktury, nedávná volatilita ztížila držení tohoto názoru,“ napsali analytici Goldman Sachs v čele s Benem Sniderem po pátečním uzavření trhu. „Také naše rozhovory s investory se točily kolem výzvy najít investiční příležitosti, které nejsou spojeny s umělou inteligencí.“
Goldman Sachs se tak zaměřil na alternativní investiční témata, mezi nimiž jsou společnosti vázané na spotřebitelské výdaje a vysoce ziskové společnosti obchodované s výraznými slevami. V tabulce, kterou sestavila CNBC, najdete pět společností z obou těchto skupin:
Sázky na štědré výdaje spotřebitelů
Formula One Group Series, akcie vlastněné společností Liberty Media, odrážejí ekonomický zájem o komerční provoz mistrovství světa Formule 1 FIA. Morgan Stanley začátkem tohoto měsíce znovu označila Formuli 1 za nejlepší volbu s cílovou cenou 120 dolarů (což implikuje 21% nárůst oproti pondělnímu uzavření). Analytik Sean Differley označil tento sport za „nedostatečně monetizovaný“ a zdůraznil růstové příležitosti v USA a Číně. Podle údajů LSEG ji 11 ze 13 analytiků, kteří se zabývají Formulí 1, hodnotí doporučením nákup nebo silný nákup.
Live Nation se dostal mezi tipy Goldman Sachs, protože poptávka po živých akcích nadále roste. UBS ve zprávě zveřejněné v pondělí zvýšila cílovou cenu pro Live Nation na 208 dolarů, což naznačuje 15% růst. „Očekáváme, že poptávka po živých akcích zůstane celosvětově silná s dvojciferným růstem fanoušků,“ napsal analytik UBS Batya Levi.
U Walt Disney má 36 analytiků ze 40 doporučení „koupit“ s průměrnou cílovou cenou 129 USD, což naznačuje potenciální zhodnocení o 34 %. Příjmy z reklamy by mělo podpořit jak fotbalové mistrovství světa, tak vyšší výdaje na politické kampaně. Pokles příjmů z tradiční televizní distribuce se zmírňuje díky pomalejšímu odlivu předplatitelů placené televize a ziskovost streamovacích platforem se dále zlepšuje. Na druhou stranu investory znepokojuje konsolidace v tomto sektoru i dlouhodobé dopady AI.
Las Vegas Sands doporučuje 15 analytiků z 21 kupovat s průměrnou 12měsíční cílovou cenou 65,4 USD, což naznačuje potenciál růstu o 44 %. Investice společnosti Sands do neherních aktivit v Macau a Singapuru by měly podpořit návratnost vloženého kapitálu. Oživení cestovního ruchu vedlo k růstu návštěvnosti i příjmů z masového a VIP segmentu. A rozhodnutí Sands upřednostnit návrat kapitálu akcionářům namísto snahy o získání licence v New Yorku se projevilo navýšením programu zpětného odkupu akcií o 1,3 miliardy dolarů a zvýšením dividendy o 20 %.
U hotelového řetězce Marriott International v pátek Morgan Stanley zvýšila cenový cíl z 353 dolarů na 380 dolarů, což oproti pondělnímu uzavření obchodu znamená nárůst o přibližně 4 %. „Společnost Marriott za posledních 10 let transformovala své podnikání, zbavila se vlastněných nemovitostí, odkoupila časově sdílená aktiva a změnila manažerské smlouvy tak, aby byly variabilnější,“ napsal analytik Morgan Stanley Stephen Grambling. „Domníváme se, že tyto změny dramaticky snižují cykličnost, což by mělo vést k dalšímu přehodnocení ratingu.“
Zlevněné hvězdy
Výrobce zařízení pro sledování hladiny cukru v krvi Dexcom vstupuje do výsledkové sezony s potenciálem pozitivního překvapení, domnívá se Bloomberg. Silná adopce senzoru G7 15 Day, růst dodávek a možné získávání podílu na trhu vytvářejí prostor pro překonání odhadů i případné zvýšení výhledu. Z 27 analytiků, kteří akcii pokrývají, jich má 24 nákupní doporučení. Průměrná cílová cena 86 USD naznačuje růst o 15 %.
Akcie MSCI nabízejí podle Goldmanů silný růst zisků, když jejich návratnost v poslední době zaostávala a nyní se obchodují „s velkou slevou“. Jefferies ji začala sledovat s doporučením nákup a stanovila u ní cenový cíl 760 dolarů, což znamená téměř 22% růst oproti pondělnímu uzavření. Analytik Surinder Thind uvedl, že tento globální poskytovatel indexů je obzvláště atraktivní díky „silné konkurenční výhodě, rozšiřování klientské základny, rostoucí expozici na soukromé trhy, viditelně opakujícím se výnosům a omezenému riziku narušení umělé inteligence“.
U Visy má 48 analytiků, kteří tuto platební společnost pokrývá, 46 nákupní doporučení, přičemž průměrná cílová cena se pohybuje o 14 % nad současnou tržní cenou. Rozdělení platebního ekosystému Visy na samostatné služby by jí mohlo zvýšit výnosy na více než 15,4 miliardy dolarů do roku 2027 oproti 10,8 miliardám dolarů v roce 2025. Tyto služby by tak tvořily přibližně 31 % celkových tržeb společnosti. Přestože tato strategie může působit riskantně, mohla by tím rozšířit své postavení napříč alternativními platebními řešeními, jako jsou digitální peněženky, domácí platební schémata nebo převody z účtu na účet.
Stavební společnost Sterling Infrastructures pokrývá jen 8 analytiků, zato všichni u ní mají nákupní doporučení s průměrnou cílovou cenou 953 USD, což naznačuje růst o 37 %. Firma má ale zároveň velmi silnou divizi E-Infrastructure Solutions, která se zaměřuje na specializovanou infrastrukturní výstavbu pro kritická odvětví a která by si mohla zapsat raketový růst díky boomu AI infrastruktury. I přes pokles v posledních týdnech si tato akcie za letošní rok připsala již 118% růst. Hlavním omezením dalšího růstu nebudou zakázky ani poptávka, ale výrobní a realizační kapacity společnosti. Společnost zakončila první čtvrtletí roku 2026 s čistou hotovostí 224 milionů USD a nadále stabilně generuje silný cash flow.
Booking sleduje 41 analytiků, přičemž 39 z nich ho doporučuje nakupovat s průměrnou cílovou cenou 221 USD, která by mohla vynést dalších 24 %. Poptávka po cestování zůstává navzdory ekonomickým a geopolitickým výkyvům velmi odolná. Zároveň firma intenzivně investuje do AI, kterou chce využít při plánování cest, personalizaci nabídek i zákaznické podpoře, aby si udržela konkurenceschopnost v rychle se měnícím prostředí cestovního ruchu.
Pozitivní nálada vydržela po celou obchodní seanci. Obrat na čipovém sektoru udržel technologický NASDAQ výrazně v plusu. Přesto klasické technologie z magnificent 7 skončily v záporu (Amazon -0,98 %). To vše se dělo při stále rostoucí cenně ropy. Investoři sledují především čísla hospodaření a geopolitika šla mírně stranou.
Z čipového sektoru se dařilo především výrobci paměťových čipů Micron +12,04 %, Sandisk +14% či výrobce procesorů Intel +8,64 %.
Automobilový koncern General Motors po zveřejněných kvartálních výsledcích přidal + 4,87 %.
Obrat zažily jak cenné kovy (zlato +1,85 %) tak kryptoměny (Bitcoin +1,61 %). Z růstu kryptoměn těžily akcie burzy Coinbase +9,67 %.
Index Dow Jones +0,74 % na 52223,93 b.
S&P 500 +0,89 % na 7509,21 b.
Nasdaq Composite +1,29 % na 25837,21 b.
Index S&P 500 +0,89 % na 7509,21 b. Nejsilnější sektory S&P Změna Nejslabší sektory S&P Změna Informační technologie +2,3 % Nezbytná spotřeba -1 % Energie +1,2 % Komunikační služby -0,8 % Zdravotní péče +0,6 % Utility +0 % Nejsilnější akcie S&P Změna Nejslabší akcie S&P Změna Sandisk Corp (SNDK) +14 % Danaher Corp (DHR) -11 % Western Digital Corp (WDC) +13 % MSCI (MSCI) -10 % Micron Technology (MU) +12 % Tyler Technologies (TYL) -5,7 % Teradyne (TER) +12 % Halliburton (HAL) -5,5 % Coherent Corp (COHR) +11 % Gartner (IT) -4,5 %
Jan Pazourek, Fio banka, a.s.
Key Takeaways MSCI beat Q2 earnings and revenue estimates. MSCI's Index revenues increased 17.5% year over year. MSCI raised its 2026 expense and cash flow guidance. MSCI (MSCI - Free Report) reported second-quarter 2026 adjusted earnings of $4.94 per share, up 18.5% year over year. The figure beat the Zacks Consensus Estimate by 0.82%.
Revenues increased 12.2% year over year to $867 million and surpassed the consensus mark by 0.90%. Growth reflected higher recurring subscription revenues and asset-based fees. The retention rate improved to 95.3%, while period-end AUM in ETFs linked to MSCI equity indexes reached $2.818 trillion.
Recurring subscription revenues rose 9% year over year to $613.4 million. Asset-based fees advanced 26.6% to $233.1 million, benefiting from higher AUM in ETFs and non-ETF indexed funds linked to MSCI indexes. Non-recurring revenues declined 20.5% to $20.5 million.
MSCI’s Top-Line DetailsIn second-quarter 2026, Index revenues of $511 million increased 17.5% year over year. Recurring subscriptions and asset-based fees rose 11.6% and 26.6% on a year-over-year basis, respectively. Non-recurring revenues slipped 1.3% year over year. Organically, Index’s operating revenue growth was 17.5%.
The segment’s adjusted EBITDA rose 20.5% to $397.8 million, and its margin expanded to 77.8% from 75.9%. Index run rate reached $2.027 billion, up 17.4%, supported by market-cap-weighted and custom index products across client segments and regions.
Analytics’ operating revenues of $189.4 million increased 6.6% year over year, aided by growth in Equity Analytics and Multi-Asset Class products. Recurring subscription revenues jumped 9.5% and non-recurring revenues decreased 55.7% on a year-over-year basis. Organically, Analytics’ operating revenue growth was 7%. However, adjusted EBITDA fell 5% to $88 million as expenses grew faster than revenues. The segment’s margin contracted to 46.5% from 52.1%.
Sustainability and Climate revenues rose 3.4% to $91.9 million, while adjusted EBITDA increased 12.3%. While recurring subscriptions increased 4% year over year, non-recurring revenues declined 26.3% on a year-over-year basis. Organically, Sustainability and Climate operating revenue growth was 3%. The segment’s adjusted EBITDA rose 12.3% to $35.6 million, and its margin expanded to 38.7% from 35.6%.
All Other – Private Assets operating revenues, which primarily comprise the Real Assets operating segment and the Private Capital Solutions, were $74.7 million, up 4.9% year over year. Organic operating revenue growth for All Other – Private Assets was 4.4%. However, adjusted EBITDA fell 14.1% to $17.1 million. The segment’s margin contracted to 22.9% from 28%.
MSCI's Sales Trends Highlight Index StrengthNew recurring subscription sales increased 1.9% year over year to $76.6 million. Subscription cancellations declined 7.3%, helping net new recurring subscription sales grow 8.4% to $47.5 million. Total net sales decreased 1.4% because of weaker non-recurring activity.
Index net new recurring subscription sales surged 40.5% to $28.1 million. All Other – Private Assets also delivered a 57.5% increase. These gains were partly offset by declines in Analytics and Sustainability and Climate, where net new recurring subscription sales fell 24.3% and 62%, respectively.
MSCI’s Q2 Operating DetailsTotal operating expenses increased 9.2% year over year to $379.5 million. The rise reflected higher information technology, market data, professional fees, occupancy and compensation costs. Expenses also included amounts related to the Compass, Vantager and PM Insights acquisitions.
Operating income grew 14.6% to $487.5 million. The operating margin improved 120 basis points to 56.2%, while adjusted EBITDA advanced 13.5% to $538.5 million. The adjusted EBITDA margin widened 70 basis points to 62.1%, reflecting revenue growth that outpaced adjusted costs.
MSCI’s Balance Sheet & Cash FlowAs of June 30, 2026, cash and cash equivalents stood at $356.4 million, while total principal debt was $6.4 billion. The debt-to-adjusted EBITDA ratio was 3.1 times.
Net cash provided by operating activities increased 10.3% year over year to $370.8 million. Free cash flow rose 8.2% to $326.4 million.
MSCI repurchased $145 million of shares during the quarter and paid about $149.2 million in dividends.
MSCI Updates Full-Year 2026 GuidanceMSCI raised its full-year operating expense outlook to $1.535-$1.575 billion from $1.490-$1.530 billion. Adjusted EBITDA expense guidance increased to $1.340-$1.370 billion from $1.305-$1.335 billion, reflecting acquisitions, stronger index-linked AUM and additional growth investments.
The company now expects net cash provided by operating activities of $1.655-$1.705 billion and free cash flow of $1.485-$1.545 billion. Interest expense is projected to be between $282 million and $286 million, while capital expenditures are anticipated to be in the range of $160-$170 million.
Zacks Rank & Stocks to ConsiderAlerus Financial shares have gained 11.6% year to date. Alerus Financial is scheduled to release second-quarter 2026 results on July 29.
Amerant Bancorp shares have rallied 17.9% year to date. Amerant Bancorp is set to report its second-quarter 2026 results on July 23.
Axos Financial shares have plunged 27% year to date. Axos Financial is scheduled to release fourth-quarter fiscal 2026 results on July 30.
MSCI (MSCI - Free Report) came out with quarterly earnings of $4.94 per share, beating the Zacks Consensus Estimate of $4.9 per share. This compares to earnings of $4.17 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +0.82%. A quarter ago, it was expected that this maker of software tools to help portfolio managers make investment decisions would post earnings of $4.4 per share when it actually produced earnings of $4.55, delivering a surprise of +3.41%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
MSCI, which belongs to the Zacks Financial - Investment Management industry, posted revenues of $867 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 0.90%. This compares to year-ago revenues of $772.68 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
MSCI shares have added about 9% since the beginning of the year versus the S&P 500's gain of 8.7%.
What's Next for MSCI?While MSCI has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for MSCI was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $5.13 on $882.29 million in revenues for the coming quarter and $19.85 on $3.51 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Investment Management is currently in the top 30% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, T. Rowe Price (TROW - Free Report) , is yet to report results for the quarter ended June 2026. The results are expected to be released on July 31.
This financial services firm is expected to post quarterly earnings of $2.52 per share in its upcoming report, which represents a year-over-year change of +12.5%. The consensus EPS estimate for the quarter has been revised 5.2% higher over the last 30 days to the current level.
T. Rowe Price's revenues are expected to be $1.92 billion, up 11.6% from the year-ago quarter.
For the quarter ended June 2026, MSCI (MSCI - Free Report) reported revenue of $867 million, up 12.2% over the same period last year. EPS came in at $4.94, compared to $4.17 in the year-ago quarter.
The reported revenue represents a surprise of +0.9% over the Zacks Consensus Estimate of $859.3 million. With the consensus EPS estimate being $4.90, the EPS surprise was +0.82%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how MSCI performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Period-End AUM in ETFs linked to MSCI equity indexes: $2.82 billion versus $2.82 billion estimated by three analysts on average.Index Run Rate - Recurring subscriptions: $1.08 billion versus the three-analyst average estimate of $1.08 billion.All Other - Private Assets Run Rate: $302.6 million compared to the $301.9 million average estimate based on three analysts.Index Retention Rate: 97.5% versus 96.3% estimated by three analysts on average.Operating Revenues- Sustainability and Climate: $91.9 million versus the three-analyst average estimate of $92.62 million. The reported number represents a year-over-year change of +3.4%.Operating Revenues- Asset-based fees - Total: $233.1 million compared to the $231.63 million average estimate based on three analysts. The reported number represents a change of +26.6% year over year.Operating Revenues- Analytics: $189.4 million versus the three-analyst average estimate of $186.93 million. The reported number represents a year-over-year change of +6.6%.Operating Revenues- All Other - Private Assets: $74.7 million versus $74.78 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +4.9% change.Operating Revenues- Index: $511 million compared to the $507.93 million average estimate based on three analysts. The reported number represents a change of +17.5% year over year.Operating Revenues- Index- Non-recurring: $14.9 million compared to the $16.33 million average estimate based on three analysts. The reported number represents a change of -1.4% year over year.Operating Revenues- Index- Asset-based fees: $233.1 million versus $231.63 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +26.6% change.Operating Revenues- Index- Recurring subscriptions: $263 million versus $259.97 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +11.6% change.View all Key Company Metrics for MSCI here>>>
Shares of MSCI have returned +7.6% over the past month versus the Zacks S&P 500 composite's -0.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
NEW YORK--(BUSINESS WIRE)--MSCI Inc. (“MSCI” or the “Company”) (NYSE: MSCI), a leading provider of critical decision support tools and services for the global investment community, today announced its financial results for the three months ended June 30, 2026 (“second quarter 2026”) and six months ended June 30, 2026 (“six months 2026”). Financial and Operational Highlights for Second Quarter 2026 (Note: Unless otherwise noted, percentage and other changes are relative to the three months ended.
Analysts on Wall Street project that MSCI (MSCI - Free Report) will announce quarterly earnings of $4.89 per share in its forthcoming report, representing an increase of 17.3% year over year. Revenues are projected to reach $858.34 million, increasing 11.1% from the same quarter last year.
The consensus EPS estimate for the quarter has undergone an upward revision of 1.9% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
With that in mind, let's delve into the average projections of some MSCI metrics that are commonly tracked and projected by analysts on Wall Street.
The collective assessment of analysts points to an estimated 'Operating Revenues- Sustainability and Climate' of $92.65 million. The estimate indicates a year-over-year change of +4.2%.
It is projected by analysts that the 'Operating Revenues- Asset-based fees - Total' will reach $229.99 million. The estimate points to a change of +25% from the year-ago quarter.
The consensus among analysts is that 'Operating Revenues- Analytics' will reach $186.93 million. The estimate indicates a year-over-year change of +5.2%.
Analysts expect 'Operating Revenues- All Other - Private Assets' to come in at $74.79 million. The estimate points to a change of +5% from the year-ago quarter.
According to the collective judgment of analysts, 'Period-End AUM in ETFs linked to MSCI equity indexes' should come in at $2.78 billion. Compared to the current estimate, the company reported $2.02 billion in the same quarter of the previous year.
Analysts forecast 'Index Run Rate - Recurring subscriptions' to reach $1.08 billion. Compared to the current estimate, the company reported $968.71 million in the same quarter of the previous year.
Analysts' assessment points toward 'All Other - Private Assets Run Rate' reaching $302.00 million. The estimate compares to the year-ago value of $280.31 million.
Analysts predict that the 'Index Retention Rate' will reach 96.3%. The estimate is in contrast to the year-ago figure of 96.0%.
The consensus estimate for 'Sustainability and Climate Run Rate' stands at $378.76 million. Compared to the present estimate, the company reported $369.76 million in the same quarter last year.
The combined assessment of analysts suggests that 'Total Run Rate - Total recurring subscriptions' will likely reach $2.54 billion. Compared to the current estimate, the company reported $2.35 billion in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Analytics Retention Rate' should arrive at 93.9%. Compared to the present estimate, the company reported 93.7% in the same quarter last year.
The average prediction of analysts places 'Sustainability and Climate Retention Rate' at 93.1%. The estimate compares to the year-ago value of 93.8%.
View all Key Company Metrics for MSCI here>>>
Over the past month, MSCI shares have recorded returns of +4.2% versus the Zacks S&P 500 composite's +0.5% change. Based on its Zacks Rank #2 (Buy), MSCI will likely outperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Wall Street expects a year-over-year increase in earnings on higher revenues when MSCI (MSCI - Free Report) reports results for the quarter ended June 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 21. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus EstimateThis maker of software tools to help portfolio managers make investment decisions is expected to post quarterly earnings of $4.89 per share in its upcoming report, which represents a year-over-year change of +17.3%.
Revenues are expected to be $856.06 million, up 10.8% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 1.94% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for MSCI?For MSCI, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.83%.
On the other hand, the stock currently carries a Zacks Rank of #2.
So, this combination indicates that MSCI will most likely beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that MSCI would post earnings of $4.4 per share when it actually produced earnings of $4.55, delivering a surprise of +3.41%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
MSCI appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Here at Zacks, we offer our members many different opportunities to take full advantage of the stock market, as well as how to invest in ways that lead to long-term success.
One of our most popular services, Zacks Premium offers daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter. All are useful tools to find what stocks to buy, what to sell, and what are today's hottest industries.
It also includes the Focus List, a long-term portfolio of top stocks that have all the elements to beat the market.
Breaking Down the Zacks Focus ListIf you could get access to a curated list of stocks to kickstart your investment portfolio, wouldn't you jump at the chance to take a peek?
Enter the Zacks Focus List. It's a portfolio made up of 50 stocks that are set to beat the market over the next 12 months; each company selected serves as a foundation for long-term investors looking to create an individual portfolio.
One thing that makes the Focus List even more advantageous is that each pick comes with a full Zacks Analyst Report. This helps explain why each stock was selected and why we believe it's a good pick for the long-term.
The portfolio's past performance only solidifies why investors should consider it as a starting point. For 2020, the Focus List gained 13.85% on an annualized basis compared to the S&P 500's return of 9.38%. Cumulatively, the portfolio has returned 2,519.23% while the S&P returned 854.95%. Returns are for the period of February 1, 1996 to March 31, 2021.
Focus List MethodologyWhen stocks are picked for the Focus List, it reflects our enduring reliance on the power of earnings estimate revisions.
Earnings estimates are expectations of growth and profitability, and are determined by brokerage analysts. Together with company management, these analysts examine every aspect that may affect future earnings, like interest rates, the economy, and sector and industry optimism.
Earnings estimate revisions are very important, since investors also need to take into consideration what a company will earn in the future.
The stocks that receive positive changes to earnings estimates are more likely to receive even more upward changes in the future. Take this example: if an analyst raised their estimates last month, they'll probably do so again this month, and other analysts will follow.
Harnessing the power of earnings estimate revisions is where the Zacks Rank comes in. The Zacks Rank, which is a unique, proprietary stock-rating model, employs earnings estimate revisions to make it easier to build a winning portfolio.
Four primary factors make up the Zacks Rank: Agreement, Magnitude, Upside, and Surprise. Each is given a raw score that's recalculated every night and compiled into the Rank, and with this data, stocks are then classified into five groups, ranging from "Strong Buy" to "Strong Sell."
The Focus List is comprised of stocks hand-picked from a long list of #1 (Strong Buy) or #2 (Buy) ranked companies, meaning that each new addition boasts a bullish earnings consensus among analysts.
Since stock prices respond to revisions, it can be very profitable to buy stocks with rising earnings estimates. By buying Focus List stocks, then, you're likely getting into companies whose future earnings estimates will be raised, potentially leading to price momentum.
Focus List Spotlight: MSCI (MSCI - Free Report) MSCI Inc. provides investment decision support tools, including indexes; portfolio construction and risk management products and services; Environmental, Social and Governance (ESG) research and ratings; and real estate research, reporting and benchmarking offerings.
On October 10, 2018, MSCI was added to the Focus List at $166.96 per share. Shares have increased 271.48% to $620.23 since then, and the company is a #2 (Buy) on the Zacks Rank.
Four analysts revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.22 to $19.84. MSCI boasts an average earnings surprise of 1.7%.
Moreover, analysts are expecting MSCI's earnings to grow 14.8% for the current fiscal year.
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Key Takeaways MSCI and UBS will develop AI-powered tools for private markets research, due diligence and portfolios. The partnership targets fragmented data and limited transparency across major private asset classes. MSCI's run rate rose 12.7% to $3.36 billion, while Private Assets run rate increased 8.4%. MSCI (MSCI - Free Report) is strengthening its private markets platform through a strategic partnership with UBS (UBS - Free Report) , expanding its artificial intelligence (AI)-powered capabilities for institutional investors. Under the collaboration, MSCI will combine its private assets data, analytics and AI technologies with UBS' alternatives expertise to develop more transparent, standardized and scalable private markets solutions. UBS will become an early adopter of MSCI's AI-powered private markets platform, helping enhance investment research, due diligence and portfolio management across private equity, private credit, real estate and infrastructure.
The partnership is expected to improve access to high-quality private markets intelligence while addressing one of the industry's biggest challenges, limited transparency and fragmented data. The integration of AI-powered analytics into institutional investment workflows is expected to help investors make faster, more informed investment decisions while supporting broader institutional adoption of private assets globally. The collaboration also strengthens MSCI's growing ecosystem of AI-enabled investment solutions and reinforces its position as a leading provider of private markets data and analytics.
MSCI Strengthens AI-Powered Private Markets PlatformMSCI shares have gained 5.2% year to date, modestly outperforming the broader Finance sector's return of 4.6%. The stock has benefited from resilient subscription growth, expanding AI capabilities and continued innovation across private markets and investment analytics.
The UBS partnership builds on MSCI's broader strategy of expanding AI across its private markets platform. During the first quarter of 2026, the company enhanced its Private Capital Solutions portfolio with AI-enabled products, including daily private valuation indices, private equity and private credit benchmarks, AI-powered capabilities within Private Capital Intel and AI connectors compatible with leading large language models to simplify private fund research and due diligence. The company achieved nearly 44% recurring net new sales growth in Private Capital Solutions in the first quarter of 2026, with high retention rates across client segments.
MSCI strengthened its AI capabilities through the acquisitions of Vantager, an AI-native private markets due diligence platform, Compass Financial Technologies and PM Insights, expanding its offerings in AI-driven due diligence, index customization, private market pricing and portfolio analytics.
These initiatives are translating into stronger business momentum. In the first quarter of 2026, recurring subscription run rate grew 8.9% reported and 8.2% organically, while recurring subscription revenues increased 8.6%. Recurring net new subscription sales were $39.6 million, up 52%, marking the best first quarter since 2022.
The company also reported a record asset-based fee run rate, while its Private Assets run rate grew 8.4% year over year, supported by rising demand for Private Capital Transparency Data, Total Plan Manager and Private Capital Intel solutions.
MSCI Offers Solid Financial OutlookMSCI's expanding AI-powered private markets platform, growing institutional adoption and strengthening strategic partnerships are expected to support the company's top-line growth.
For 2026, MSCI expects operating expenses of $1.490-$1.530 billion and adjusted EBITDA expenses of $1.305-$1.335 billion.
The Zacks Consensus Estimate for second-quarter 2026 revenues is pegged at $851.32 million, indicating continued year-over-year growth of 10.18%.
The consensus mark for second-quarter 2026 earnings is pegged at $4.82 per share, unchanged over the past 30 days. The figure implies a year-over-year increase of 15.59%.
MSCI's Zacks Rank & Other Stocks to ConsiderCurrently, MSCI carries a Zacks Rank #2 (Buy).
Macro Bank (BMA - Free Report) and Evercore
((EVR - Free Report) are some other top-ranked stocks that investors can consider in the broader Zacks Finance sector. Macro Bank and Evercore sport a Zacks Rank #1 (Strong Buy) each. You can see the complete list of today’s Zacks #1 Rank stocks here.
BMA shares have declined 0.4% in the year-to-date period. The long-term earnings growth rate for Macro Bank is pegged at 30.04%.
EVR shares have declined 0.2% in the year-to-date period. The long-term earnings growth rate for Evercore is pegged at 26.03%.
If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider MSCI (MSCI - Free Report) . This company, which is in the Zacks Financial - Investment Management industry, shows potential for another earnings beat.
This maker of software tools to help portfolio managers make investment decisions has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 2.14%.
For the most recent quarter, MSCI was expected to post earnings of $4.4 per share, but it reported $4.55 per share instead, representing a surprise of 3.41%. For the previous quarter, the consensus estimate was $4.62 per share, while it actually produced $4.66 per share, a surprise of 0.87%.
Price and EPS Surprise
With this earnings history in mind, recent estimates have been moving higher for MSCI. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the company is positive, which is a great sign of an earnings beat, especially when you combine this metric with its nice Zacks Rank.
Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
MSCI has an Earnings ESP of +2.40% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #2 (Buy), it shows that another beat is possibly around the corner. The company's next earnings report is expected to be released on July 21, 2026.
When the Earnings ESP comes up negative, investors should note that this will reduce the predictive power of the metric. But, a negative value is not indicative of a stock's earnings miss.
Many companies end up beating the consensus EPS estimate, though this is not the only reason why their shares gain. Additionally, some stocks may remain stable even if they end up missing the consensus estimate.
Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Asijské akcie rostly, podpořené růstem technologických akcií uprostřed optimismu před vstupem SK Hynix na burzu v USA. Index MSCI Asia Pacific přidává 1 %, přičemž mezi hlavní tahouny indexu patří akcie Samsung a SK Hynix.
SK Hynix získá 26,5 mld. USD při ceně 149 USD na americký depozitní certifikát (ADR). Veřejná nabídka byla dle FT až sedminásobně přeupsána, přičemž více než 500 investičních společností projevilo zájem o nákup.
Také se objevily zprávy, že se CEO Samsungu Jay Lee chce v USA setkat s Jensenem Huangem z Nvidie, aby projednal investiční plány Nvidie v jihozápadní oblasti Jižní Koreje.
Obchodování na Tchaj-wanu bylo pozastaveno kvůli blížícímu se tajfunu.
Japonský Nikkei 225 +1,2 % na 68557,73 b.
Hongkongský Hang Seng +1,12 % na 24298,95 b.
Čínský Shanghai Composite -0,36 % na 4022,1953 b.
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NEW YORK--(BUSINESS WIRE)--MSCI Inc. (NYSE: MSCI) and UBS Group AG are announcing a strategic partnership aimed at advancing transparency across private markets. The partnership combines MSCI's capabilities in independent data, analytics and models with UBS's leading alternatives expertise and global client insights. Together, the companies will work to further expand MSCI's AI-powered platform designed to address longstanding industry challenges in private markets, such as fragmented data and.
