10:48 AM EDT, 10/07/2025 (MT Newswires) -- S&P Global ( SPGI ) is expected to "significantly" beat Q3 consensus estimates, leading to an upward revision of the company's full-year 2025 guidance, aided by strong billed issuance growth in July and August, RBC Capital Markets said in a note emailed Tuesday.

RBC said its Q3 estimates of $3.87 billion in revenue and $4.51 in adjusted earnings per share were higher than consensus estimates of $3.78 billion and $4.28, respectively. For 2025, RBC said it estimates adjusted EPS of $17.25 to $17.50 and expects S&P Global ( SPGI ) to guide its total revenue growth to 6.5% to 7%.

Regarding the company's upcoming investor day in November, RBC said it expects S&P Global ( SPGI ) to reiterate its 7% to 9% organic growth target and low-to-mid-teens EPS growth, and raise its margin targets to 53% to 55%, adjusted for the mobility divestiture.

RBC also anticipates S&P Global ( SPGI ) to reaffirm its commitment to returning more than 85% of free cash flow to shareholders while maintaining its target leverage ratio of 2x to 2.5x.

The company will issue its Q3 results on Oct. 30.

RBC rated S&P Global ( SPGI ) as outperform with a price target of $620.

Price: 480.93, Change: +2.57, Percent Change: +0.54