Morningstar Inc reports results for the quarter ended December 31 - Earnings Summary

• Morningstar Inc MORN.OQ reported quarterly adjusted earnings of $2.14​​ per share for the quarter ended December 31. The mean expectation of two analysts for the quarter was for earnings of $2.06 per share. Wall Street expected results to range from $1.89 to $2.23 per share.

• Revenue rose 9.7% to $591.00 million from a year ago; analysts expected $580.81 million.

• Morningstar Inc's reported EPS for the quarter was $2.71​.

• The company reported quarterly net income of $116.9 million.

• Morningstar Inc shares had fallen by 4.0% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 1.5% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the professional information services peer group is also "buy"

Wall Street's median 12-month price target for Morningstar Inc is $387.00

This summary was machine generated from LSEG data February 27 at 04:25 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)