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

• Morningstar Inc MORN.OQ reported quarterly adjusted earnings of $2.23​​ per share for the quarter ended March 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 $1.79 to $2.33 per share.

• Revenue was $581.90 million​; analysts expected $585.84 million.

• Morningstar Inc's reported EPS for the quarter was $1.82​.

• The company reported quarterly net income of $78.5 million.

• Morningstar Inc shares had fallen by 5.8% this quarter and lost 16.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 12% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

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 $339.00

This summary was machine generated from LSEG data May 1 at 02:40 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)