McGraw Hill Financial, Inc. MHFI, a leader among rating providers, benchmark providers and analytics, came out with first-quarter 2016 results, wherein adjusted earnings of $1.20 per share beat the Zacks Consensus Estimate of $1.15, and jumped 8% from the year-ago quarter.Management continues to project 2016 adjusted earnings in the band of $5.00 to $5.15 per share.Earnings Estimate Revision: The Zacks Consensus Estimate for 2016 has been portraying a downtrend in the last 30 days. However, if we look at McGraw Hill’s performance in the trailing four quarters (excluding the quarter under review), the company had outperformed the Zacks Consensus Estimate by an average of 8.1%.Revenues: McGraw Hill generated revenue of $1,341 million that increased 5% year over year but missed the Zacks Consensus Estimate of $1,367 million. The year over year growth in top-line was supported by strong performances across S&P Global Market Intelligence, S&P Dow Jones Indices and Commodities & Commercial Markets partially offset by decline witnessed at S&P Ratings Services.Key Events: McGraw Hill revealed a new segment called the S&P Global Market Intelligence, which includes the former S&P Capital IQ and SNL segment.Further, during the first quarter, McGraw Hill repurchased nearly 2.2 million shares for $200 million and paid dividends worth $96 million. Also, the company authorized additional buybacks of 33.3 million shares.Zacks Rank: Currently, McGraw Hill carries a Zacks Rank #4 (Sell) which is subject to change following the earnings announcement.Check back later for our full write up on McGraw Hill’s earnings report!Want the latest recommendations from Zacks Investment Research? Today, you can download 7Best Stocks for the Next 30 Days. Click to get this free report >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report MCGRAW HILL FIN (MHFI): Free Stock Analysis Report To read this article on Zacks.com click here.