Core Insights - FactSet Research Systems Inc. is expected to report quarterly earnings of $3.90 per share, an increase from $3.79 per share in the same period last year, with projected revenue of $552.71 million [4] - The company's board approved a 6% increase in the regular quarterly cash dividend from 98 cents per share to $1.04 per share [2] Analyst Ratings - Morgan Stanley analyst Toni Kaplan maintained an Underweight rating and reduced the price target from $372 to $350 [8] - Wolfe Research analyst Scott Wurtzel initiated coverage with an Underperform rating and a price target of $430 [8] - BMO Capital analyst Jeffrey Silber maintained a Market Perform rating and raised the price target from $447 to $458 [8] - Stifel analyst Shlomo Rosenbaum reiterated a Hold rating with a price target of $469 [8] - Barclays analyst Manav Patnaik downgraded the stock from Overweight to Equal-Weight and cut the price target from $480 to $460 [8] Stock Performance - FactSet Research shares increased by 0.3% to close at $408.35 [7]

Core Viewpoint - FactSet Research Systems Inc. is expected to report its third-quarter fiscal 2024 results on June 21, with anticipated revenue growth driven by GenAI banker efficiency tools and the release of Transcript Assistant [1][2]. Revenue Expectations - The consensus estimate for FactSet's fiscal third-quarter revenues is $554.1 million, reflecting a 4.6% increase from the previous year's figure [2]. - Revenue from the Americas is projected to be $353.7 million, indicating a 4.7% year-over-year growth [6]. - EMEA revenues are expected to rise by 3.8% to $143.3 million, while Asia Pacific revenues are estimated at $58.6 million, implying an 8.3% year-over-year increase [6]. Earnings Expectations - The consensus estimate for earnings is $3.9 per share, suggesting a 3.2% growth year-over-year [3]. - FactSet has an Earnings ESP of +1.31% but holds a Zacks Rank of 4 (Sell), indicating uncertainty regarding an earnings beat this quarter [4][11]. Historical Performance - FactSet has surpassed the Zacks Consensus Estimate in three of the last four quarters, with an average negative surprise of 0.17% [14].

Core Insights - Analysts' forecasts for FactSet Research (FDS) indicate a positive outlook for revenues and earnings, with expected increases across various metrics compared to the previous year [2][3][6]. Revenue Estimates - 'Revenues from clients- US' are projected to be $356.23 million, reflecting a year-over-year increase of +5.5% [2]. - 'Revenues from clients- EMEA' are expected to reach $143.74 million, indicating a +4.2% change from the prior-year quarter [2]. - 'Revenues from clients- Asia Pacific' are forecasted at $57.57 million, suggesting a +6.4% year-over-year increase [2]. - Total revenues are anticipated to amount to $554.14 million, showing a +4.6% increase compared to the same quarter last year [3]. Earnings Estimates - Quarterly earnings per share (EPS) are expected to be $3.91, marking a year-over-year increase of +3.2% [3]. - There has been a slight downward revision of 0.4% in the consensus EPS estimate over the last 30 days, indicating analysts' reassessment of their forecasts [4]. Subscription and Client Metrics - The 'Total Annual Subscription Value' is estimated to be $2.24 billion, up from $2.12 billion in the same quarter last year [6]. - The consensus estimate for 'Total Clients' stands at 8,191, compared to 7,770 in the same quarter last year [6]. - 'ASV from buy-side clients' is projected to be 82.0%, slightly down from 82.1% in the previous year [7]. - 'ASV - International' is expected to reach $792.09 million, up from $751.10 million in the same quarter last year [7]. - 'ASV - Domestic' is estimated at $1.44 billion, compared to $1.34 billion in the same quarter last year [9]. User Metrics - Analysts predict that 'Total Users' will reach 207,091, an increase from 187,845 in the previous year [8]. Market Performance - FactSet shares have decreased by -10.5% over the past month, contrasting with the Zacks S&P 500 composite's +3.7% performance [8].

The earnings report, which is expected to be released on June 21, 2024, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. Revenues are expected to be $554.14 million, up 4.6% from the year-ago quarter. 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 May 2024. This widely-known consensus outlook gives a good sense of ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? FactSet Research (FDS) , which belongs to the Zacks Business - Information Services industry, could be a great candidate to consider. This financial data firm has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 5.34%. For the most recent quarter, F ...

Core Viewpoint - FactSet will release its financial and operating results for the third quarter of fiscal 2024 on June 21, 2024, and will host a conference call to discuss these results [1][2]. Group 1: Conference Call Details - The conference call is scheduled for June 21, 2024, at 11:00 a.m. Eastern Time [2]. - Participants must register for the conference call in advance to receive dial-in numbers and a unique access pin [2]. - A live Q&A session will be included in the conference call [2]. Group 2: Earnings Presentation - Earnings presentation slides will be available on the investor relations website at 10:30 a.m. Eastern Time on June 21, 2024, 30 minutes before the call [3]. - A replay of the earnings call will be accessible on the investor relations website after 1:00 p.m. Eastern Time on June 21, 2024, until June 21, 2025 [3]. - The earnings call transcript will be available via FactSet CallStreet [3]. Group 3: Company Overview - FactSet serves nearly 8,000 global clients, including over 206,000 individual users, providing financial data, analytics, and technology solutions [4]. - The company is recognized as one of the Best Places to Work in 2023 by Glassdoor [4].

NORWALK, Conn., May 28, 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 third quarter fiscal 2024, ending May 31, 2024 on Friday, June 21, 2024. FactSet will also host a conference call to discuss these results at 11:00 a.m. Eastern Time on Friday, June 21, 2024. The following information is provided for investors who would like to participate in ...

FactSet Research Systems Inc. (FDS) has had an impressive run over the past year, gaining 13%. The company's fiscal 2024 and 2025 earnings are expected to improve 8.7% and 9.8%, respectively, year over year. Revenues are anticipated to rise 5% and 5.7% in fiscal 2024 and 2025, respectively. Factors That Augur Well FactSet has been engaged for more than 40 years in delivering extensive data, sophisticated analytics and flexible technology to global financial professionals and is currently benefiting from a g ...

NORWALK, Conn., May 06, 2024 (GLOBE NEWSWIRE) -- FactSet (NYSE:FDS, NASDAQ:FDS), a global financial digital platform and enterprise solutions provider, announced today that Linda Huber, Chief Financial Officer of FactSet, will participate in a fireside chat at the Barclays Americas Select Franchise Conference at the Langham London in London, England on Tuesday, May 7, 2024. The following information is provided for investors who would like to participate in the conference call: Registration for Fireside Cha ...

Financial Instruments - As of February 29, 2024, the total gross notional value of foreign currency forward contracts was $187.391 million, an increase from $172.644 million as of August 31, 2023[69]. - The company entered into a new interest rate swap agreement on March 1, 2024, with a notional amount of $200 million and a fixed interest rate of 5.145%[71]. - The company reported a net pre-tax derivative loss of $0.1 million expected to be reclassified into earnings within the next 12 months[75]. - The company’s interest rate swap agreement recognized a gain of $17,000 for the three months ended February 29, 2024[75]. - The total cash flow hedges as of February 29, 2024, amounted to $187.391 million, down from $372.644 million as of August 31, 2023[73]. - The company’s foreign currency forward contracts recognized a loss of $623,000 in accumulated other comprehensive loss (AOCL) for the three months ended February 29, 2024[75]. Goodwill and Intangible Assets - Goodwill as of February 29, 2024, was $1.003883 billion, slightly down from $1.004736 billion as of August 31, 2023, primarily due to foreign currency translations[77]. - Amortization expense for intangible assets for the three months ended February 29, 2024, was $26.688 million, compared to $21.782 million for the same period in 2023[80]. - The weighted average useful life of intangible assets as of February 29, 2024, was 32.1 years, with no material impairment identified during the reporting period[79]. - Estimated amortization expense for intangible assets for the remaining six months of 2024 is projected to be $53.369 million[80]. Taxation - The provision for income taxes for the three months ended February 29, 2024, was $27,705 thousand, up from $25,169 thousand in the prior year, reflecting a 6.1% increase[82]. - The effective tax rate for the three months ended February 29, 2024, was 16.4%, slightly higher than 16.1% for the same period in 2023[82]. - The company utilized foreign tax credits, which partially offset the effective tax rate increase due to higher pretax income and foreign tax rates[84]. - The effective tax rate for the six months ended February 29, 2024, was 15.8%, compared to 14.7% for the same period in the previous year[216]. Debt and Cash Flow - Total long-term debt as of February 29, 2024, was $1,489,488 thousand, down from $1,612,700 thousand as of August 31, 2023, indicating a reduction of 7.6%[93]. - The company repaid $62.5 million and $125.0 million under the 2022 Term Facility during the three and six months ended February 29, 2024, respectively[99]. - Interest expense on outstanding debt for the three months ended February 29, 2024, was $16,589 thousand, compared to $16,728 thousand for the same period in 2023, reflecting a decrease of 0.8%[108]. - Net cash provided by operating activities for the six months ended February 29, 2024, was $298.9 million, a 10.2% increase from $271.3 million for the same period in 2023[253]. - Net cash used in investing activities was $83.3 million for the six months ended February 29, 2024, primarily due to $44.9 million in investments and $38.4 million in capital expenditures[256]. - The company reported a net cash outflow of $102.0 million to support working capital requirements for the six months ended February 29, 2024[254]. - Free cash flow for the six months ended February 29, 2024, was $260.6 million, an increase of $24.7 million compared to the same period in 2023[261]. Shareholder Returns - The company repurchased 113,050 shares of common stock for a total cost of $52,255 thousand during the three months ended February 29, 2024[122]. - The total amount of dividends declared for the second quarter of fiscal 2024 was $37,360 thousand, with a dividend per share of $0.98[126]. - The company returned $186.3 million to stockholders in the form of share repurchases and dividends during the six months ended February 29, 2024, compared to $67.5 million in dividends during the same period in 2023[245]. - The company had $187.8 million authorized under its share repurchase program for future share repurchases as of February 29, 2024[124]. Revenue and Earnings - Income before income taxes for the three months ended February 29, 2024, was $168,645 thousand, compared to $156,762 thousand for the same period in 2023, representing an increase of 5.6%[82]. - Basic earnings per share (EPS) for the three months ended February 29, 2024, was $3.70, an increase from $3.44 in the same period of 2023, representing a growth of 7.5%[130]. - Diluted EPS for the six months ended February 29, 2024, was $7.49, compared to $6.89 for the same period in 2023, indicating a year-over-year increase of 8.7%[130]. - Total revenues for the six months ended February 29, 2024, reached $1.088 billion, compared to $1.020 billion for the same period in 2023, marking a growth of 6.7%[150]. - Revenues for Q2 FY2024 were $545.9 million, a 6.0% increase from the prior year, driven by organic revenue growth of 6.0%[180]. - Organic revenues for the six months ended February 29, 2024, increased by 6.6% to $1,087.5 million from $1,019.9 million in the same period a year ago[226]. Operating Performance - Operating income for the Americas segment for the three months ended February 29, 2024, was $81.711 million, up from $61.181 million in the same period of 2023, indicating a significant increase of 33.5%[150]. - Operating margin improved to 33.3% in Q2 FY2024, up from 32.9% in the prior year, attributed to revenue growth and reduced computer-related expenses[162]. - Operating income increased 7.5% to $181.9 million for the three months ended February 29, 2024, compared to $169.3 million in the prior year[202]. - Operating margin increased to 33.3% for the three months ended February 29, 2024, compared to 32.9% in the prior year[206]. Employee and Client Metrics - The company had more than 8,000 clients, comprising over 206,000 investment professionals as of February 29, 2024[154]. - Employee headcount grew by 3.2% to 12,279, with significant growth in Asia Pacific, while the Americas and EMEA saw slight decreases[175]. - The company had 3.7 million employee stock-based awards available for grant under the LTIP as of February 29, 2024[138]. Regional Performance - The Americas segment generated revenues of $352.618 million for the three months ended February 29, 2024, an increase of 6.5% from $331.121 million in the same period of 2023[150]. - EMEA revenues increased 5.0% to $139.2 million for the three months ended February 29, 2024, driven by a 4.8% increase in organic revenues[185]. - Asia Pacific revenues increased 5.2% to $54.1 million for the three months ended February 29, 2024, reflecting a 6.4% increase in organic revenues[186]. - Americas revenues increased 7.1% to $701.0 million for the six months ended February 29, 2024, with organic revenue growth of 7.1%[187]. - EMEA revenues increased 5.9% to $278.7 million for the six months ended February 29, 2024, driven by a 5.4% increase in organic revenues[188]. - Asia Pacific revenues increased 6.1% to $108.4 million for the six months ended February 29, 2024, reflecting a 7.0% increase in organic revenues[189].