Financials

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We lower our 12-month target price by $10 to $535, 30.2x our FY 25 (Aug.) EPS estimate, which is higher than the company’s 10-year historical average of 26.6x, given strong growth prospects. We increase our FY 24 adjusted EPS by $0.13 to $16.31 and reduce FY 25’s by $0.35 to $17.71. FDS reported Feb-Q adjusted EPS of $4.22 vs. $3.80 a year ago, $0.34 above consensus on revenue that came in at consensus. Top-line growth of 6% disappointed in the quarter as deceleration was identified in the Americas (+6%), EMEA (+5%), and Asia-Pacific (+5%). Additionally, user count fell modestly from the previous quarter to 206K, the first decline since Q1 20. However, we don’t see the weakness as a sign that FDS has lost its competitive edge, […]

FactSet Reports Results for Second Quarter 2024 — Q2 GAAP revenues of $545.9 million, up 6.0% from Q2 2023. — Organic Q2 ASV plus professional services of $2,209.5 million, up 5.4% year over year. — Q2 GAAP operating margin of 33.3%, up approximately 50 bps year over year, and adjusted operating margin of 38.3%, up approximately 130 bps from the prior year. — Q2 GAAP diluted EPS of $3.65, up 8.0% from the prior year, and adjusted diluted EPS of $4.22, up 11.1% year over year. — Top-line growth expected at the lower end of the previously published guidance ranges for the fiscal year: ASV plus professional services growth of $110 – $150 million and GAAP revenues between $2,200 – $2,210 million. NORWALK, Conn., March 21, 2024 (GLOBE NEWSWIRE) — FactSet (“FactSet” or the “Company”) (NYSE:FDS) (NASDAQ:FDS), a global financial digital platform and enterprise solutions provider, today announced results for

FactSet Research Sees FY24 Adj EPS $15.60-Adj EPS $16.00.

By Will Feuer FactSet Research Systems posted higher revenue for its fiscal second quarter, but said it expects revenue to be at the low end of its guidance for the full year after losing some banking and wealth-management users. The Norwalk, Conn.-based company, whose offerings include analytics and data products, reported a fiscal second quarter profit of $140.9 million, or $3.65 a share, for the three months ended Feb. 29, compared with $131.6 million, or $3.38 a share, in the comparable period a year earlier. Stripping out one-time items, adjusted earnings were $4.22 a share. Analysts surveyed by FactSet expected $3.90 a share. Revenue rose 6% to $545.9 million. Analysts surveyed by FactSet expected $546.8 million. The company said revenue growth was driven by asset owners, corporates, hedge funds and private equity and venture capital clients. User count fell by 605 to 206,478 over the past three months, weighed down

FactSet Research Systems (FDS) reported fiscal Q2 adjusted earnings Thursday of $4.22 per diluted share, up from $3.80 a year earlier. Analysts polled by FactSet expected $3.88. Revenue for the quarter ended Feb. 29 was $545.9 million, up from $515.1 million a year earlier. Analysts surveyed by FactSet expected $546.8 million. The company reaffirmed its fiscal 2024 guidance of adjusted diluted EPS being from $15.60 to $16.00, on revenue of $2.2 billion to $2.21 billion. Analysts polled by FactSet are expecting adjusted EPS of $15.93 on revenue of $2.21 billion.