What To Expect From IHS Markit’s Q4 2020 Results?

What To Expect From IHS Markit’s Q4 2020 Results?

BRAZIL - 2020/06/16: In this photo illustration the IHS Markit logo seen displayed on a smartphone. ... [+] (Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images)



SOPA Images/LightRocket via Getty Images

IHS Markit (NYSE: INFO), a leading provider of information, research, analytics, and technology is set to publish its Q4 and full-year 2020 results on Wednesday before the markets open. We expect the company to post Q4 2020 revenues of about $1.11 billion, with adjusted EPS coming in at about $0.64 per share, both roughly flat compared to last year. IHS Markit has been impacted by Covid-19, with Revenues declining by about 4% year-over-year to $1.07 billion in Q3 2020. This was due to slower delivery of software implementations and weaker software sales, a relatively tough automotive market, and challenges in the energy market. However, this was partly offset by growth in the financial services segment which saw revenue grow by about 4%, to $446 million. Over Q4, it's likely that the financial services segment will continue its steady performance while the transportation segment should see a recovery, driven by offerings such as CARFAX - which supplies vehicle history reports - that should