IHS Markit Expected to Earn 63 Cents a Share

IHS Markit Ltd.  (INFO)  is expected to report adjusted net income of $249.1 million, or 63 cents a share, on sales of $1.1 billion before the market opens on Tuesday, based on a FactSet survey of 16 analysts.

In the same period a year ago, the company posted earnings of 58 cents a share on sales of $1 billion. It reported net income of $114.7 million.

The stock has risen 8% since the company last reported earnings on Jun. 26.

Quarterly estimates have risen less than 1 cent a share in the past month.

IHS Markit is currently trading at a price-to-forward-earnings ratio of 23.7 based on the 12-month estimates of 17 analysts surveyed by FactSet.

In the upcoming quarter analysts are forecasting adjusted net income of $246.2 million, or 63 cents a share, on sales of $1.1 billion.

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