S&P Global Issues Medium-Term Growth Targets

By Will Feuer

S&P Global Inc. issued financial targets that it expects to achieve by 2026, and said it assumes there will be a mild recession in the U.S. and Europe during the first half of next year.

Assuming a recession happens as expected, S&P Global expects 2023 pro-forma adjusted organic revenue to grow in the range of 6.5% to 8%.

Pro-forma adjusted earnings are expected to grow by a low double-digit percentage. Analysts surveyed by FactSet were expecting 2023 adjusted earnings to grow by about 16%.

By 2025-2026, the company expects to achieve annual organic revenue growth of 7% to 9% and annual adjusted earnings growth by a low- to mid-teens percentage.

By 2025-2026, annual organic revenue growth is expected to be in the range of 7% to 9% in its market intelligence business, its commodity insights business and its mobility business; 6% to 9% in its ratings business; and above 10% in its S&P Dow Jones Indices.

Write to Will Feuer at [e-mail]

(END) Dow Jones Newswires

12-01-22 0942ET