In its upcoming report, FactSet Research (FDS) is predicted by Wall Street analysts to post quarterly earnings of $3.83 per share, reflecting an increase of 0.8% compared to the same period last year. Revenues are forecasted to be $547.93 million, representing a year-over-year increase of 6.4%.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.4% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections ...

FactSet Research Systems Inc. (FDS) is going to report its second-quarter fiscal 2024 results on Mar 21, before the bell.The company’s earnings surprise history has not been impressive. It has a trailing four-quarter negative average earnings surprise of 1.69%.Expectations This Time AroundThe consensus estimate for FactSet’s revenues in the to-be-reported quarter is pegged at $547.9 million, indicating a 6.4% increase from the year-ago quarter’s reported figure. The top line is expected to have been driven ...

FactSet Research (FDS) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended February 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on March 21, 2024, might help the stock move higher if these key numbers are better t ...

NORWALK, Conn., March 12, 2024 (GLOBE NEWSWIRE) -- FactSet, a global financial digital platform and enterprise solutions provider, today announced the release of Transcript Assistant, a GenAI-powered, conversational chatbot that accelerates in-depth research and analysis of earnings call transcripts. Transcript Assistant leverages generative AI (GenAI) to help users search, analyze, and extract valuable, actionable insights from all transcripts in FactSet, ultimately enhancing the investment research proces ...

NORWALK, Conn., Feb. 15, 2024 (GLOBE NEWSWIRE) -- FactSet (NYSE:FDS, NASDAQ:FDS), a global financial digital platform and enterprise solutions provider, announced today that it will release its financial and operating results for the second quarter fiscal 2024, ending February 29, 2024, on Thursday, March 21, 2024. FactSet will also host a conference call to discuss these results at 11:00 a.m. Eastern Time on Thursday, March 21, 2024. The following information is provided for investors who would like to par ...

Investors with an interest in Business - Information Services stocks have likely encountered both TransUnion (TRU) and FactSet Research (FDS) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revis ...

Washington, D.C. 20549 _________________________________________________ Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Form 10-Q _________________________________________________ x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended November 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______to ______ Commission File Number: 1-11869 ...

Financial Data and Key Metrics Changes - In Q1 2024, the company achieved organic ASV plus professional services growth of 7.1% year-over-year, with adjusted diluted EPS of $4.12 and an adjusted operating margin of 37.6% [4][129] - GAAP revenue increased by 7% to $542 million, while organic revenue also grew by 7% to $541 million, driven by higher wealth sales and increased sales of data [129] - Adjusted EPS increased by 3.3% to $4.12, influenced by revenue growth but offset by margin compression and a higher tax rate [131] Business Line Data and Key Metrics Changes - The wealth management segment saw significant growth due to a marquee deal, contributing to an acceleration in ASV growth in the Americas to 7.9% [124][125] - EMEA organic ASV growth decelerated to 5.4%, primarily due to a slowdown in core buy-side markets in the U.K. and France [106] - Asia Pacific delivered organic ASV growth of 8%, driven by solid gains with asset owners, despite seasonal banking layoffs [106] Market Data and Key Metrics Changes - The company noted that client budgets remain restricted due to lower deal-making volume, layoffs, and geopolitical uncertainty, impacting near-term forecasts [105] - The Federal Reserve's decision to hold rates constant and signal potential rate cuts next year has positively influenced market sentiment, although capital markets recovery is expected to take time [8][105] Company Strategy and Development Direction - The company is implementing a cost reduction program in Q2 FY '24 to support investments in multi-year initiatives, including AI strategic investments [5] - The launch of FactSet Mercury, a conversational AI interface, is expected to enhance user experience and drive future growth [107][39] - The company remains focused on balancing sustainable margin expansion with investments to drive top-line growth, despite the uncertain environment [133] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the long-term prospects of the company, citing strong demand for high-value products and increased interest from global firms [7][54] - The anticipated market recovery is now expected to occur later than previously thought, with revised guidance reflecting a growth rate of approximately 6% [132] - Management acknowledged challenges in the current macro environment, including pricing pressures and delayed decision-making from clients [44][105] Other Important Information - The company repurchased 135,950 shares for $59.9 million at an average price of $440.67, with a target of $250 million in share repurchases for fiscal 2024 [11] - Free cash flow for the quarter was $139 million, an increase of 56% year-over-year, driven by higher cash collections [112] Q&A Session Summary Question: What are the expectations for client budgets for next year? - Management indicated that client budgets are expected to improve as more dollars are allocated to technology and GenAI, positioning the company well to take advantage of this trend [95] Question: How is the company addressing cost savings? - The company plans to implement a $10 million to $15 million charge in Q2 FY '24, focusing on variable and personnel-related costs to align expenses with revenues [51][120] Question: What impact is the Credit Suisse acquisition having on the company? - Management noted that the acquisition has led to some conservative estimates regarding revenue impact, particularly in the second quarter [140]

December 19, 2023 Forward-Looking Statements and Non-GAAP Measures Many factors, including those discussed more fully in FactSet's filings with the Securities and Exchange Commission, particularly our latest annual report on Form 10-K and quarterly reports on Form 10-Q, could cause results to differ materially from those stated. These documents are available on our website at http://investor.factset.com and on the SEC's website at http://www.sec.gov. FactSet believes our expectations and assumptions are rea ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☒ Annual Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended August 31, 2023 ☐ Transition Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number: 1-11869 FACTSET RESEARCH SYSTEMS INC. (Exact name of registrant as specified in its charter) Delaware 13-3362547 (State or other juris ...