MSCI’s Upcoming Q1/23 Earnings Preview
<p>RBC Capital reported a preview on <a href='https://financialmodelingprep.com/financial-summary/MSCI'>MSCI Inc. (NYSE:MSCI)</a> ahead of the company’s upcoming Q1/23 earnings report on April 25, expecting an inline quarter driven by low double-digit organic subscription run rate growth, partially offset by the 7% decline in ABF. </p>
<p>In addition, the analysts expect retention of approximately 94%, a 100bps quarter-over-quarter seasonal improvement but down 200bps year-over-year given elevated levels in 2021/2022. Given the tough comps and macro uncertainty, the analysts expect net new recurring subscription sales to be down low-to-mid teens, similar to a 13% year-over-year decline in Q4/22. </p>
<p>The analysts expect the company to reiterate 2023 adjusted EBITDA expense and free cash flow guidance but likely strike a cautious tone for the year as macro nervousness gains more centerstage following recent banking-related events.</p>

NYSE:MSCI