03:38 PM EDT, 10/09/2025 (MT Newswires) -- Moody's (MCO) is expected to exceed Q3 projections and raise its full-year 2025 guidance on stronger-than-anticipated issuance trends and steady revenue growth, RBC Capital Markets said in a note Thursday.

The firm said it expects Q3 revenue to grow 10.9% year over year to $2.01 billion, ahead of the $1.92 billion consensus, led by 12% growth in Moody's Investors Service ( MCO ).

Adjusted Q3 EPS is forecast at $3.93, topping the $3.54 consensus, with a 51.7% adjusted operating margin driven by stronger profitability in both business segments, according to the note.

RBC analysts anticipate full-year revenue of $7.65 billion, above the $7.54 billion consensus, and see adjusted operating profit of $3.82 billion at a margin near 50%, the high end of the company's range.

The firm projects EPS guidance to rise to $14.10 to $14.30 from $13.50 to $14.00, and expects Moody's Analytics to maintain high-single-digit revenue growth, the note added.

RBC maintained an outperform rating for Moody's with a $550 price target.

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