Feb 13 (Reuters) - Ratings agency Moody's Corp MCO.N forecast 2025 profit above Wall Street estimates on Thursday, anticipating strong demand for its data and analytics offerings amid macroeconomic ambiguity, sending its shares up over 3% in premarket trading.
Demand for market analytical tools has risen as investors try to capture value amid diminishing chances of interest rate cuts and rising uncertainty over the economic impact of the U.S. administration's trade, immigration and fiscal policies.
S&P Global SPGI.N, Moody's peer, also forecast 2025 adjusted profit above analysts' estimates on Tuesday.
Moody's forecast an annual adjusted profit of $14 per share to $14.50 per share, above analysts' estimates of $13.58, according to data compiled by LSEG.
Its adjusted profit of $2.62 per share in the fourth quarter also exceeded analysts' expectation of $2.59.
Total revenue increased 13% to $1.67 billion, powered by an 8.4% rise in its analytics unit and a 17.2% jump in its investor service business. Both units have a roughly equal contribution.
(Reporting by Ateev Bhandari in Bengaluru; Editing by Savio D'Souza)
((Ateev.Bhandari@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.