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FactSet(FDS) - 2024 Q3 - Earnings Call Presentation
2024-06-21 15:11
Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Confidential: Do not forward. | --- | --- | --- | --- | |-------------------------------------------|----------|----------|----------| | (Unaudited) | 2024 | 2023 | % Change | | Net Cash Provided by Operating Activities | $238,235 | $218,589 | | | Capital Expenditures | (21,339) | (26,005) | | | Free Cash Flow | $216,896 | $192,584 | 12.6% | Copyright © 2024 FactSet Research Systems Inc. All rights reserved. FactSet Business Use Only Copyri ...
FactSet (FDS) Q3 Earnings Surpass Estimates, Revenues Miss
ZACKS· 2024-06-21 15:10
FactSet Research Systems, Inc. (FDS) has reported mixed third-quarter fiscal 2024 results, wherein earnings beat the Zacks Consensus Estimate, but revenues missed the same. FDS's earnings per share (excluding 28 cents from non-recurring items) of $4.4 beat the consensus mark by 11.8% and increased 15.3% from the year-ago quarter. Then again, revenues of $552.7 million missed the Zacks Consensus Estimate by a slight margin but rose 4.3% from the year-ago quarter. Revenues in Detail Organic revenues increased ...
Compared to Estimates, FactSet (FDS) Q3 Earnings: A Look at Key Metrics
ZACKS· 2024-06-21 14:31
FactSet Research (FDS) reported $552.71 million in revenue for the quarter ended May 2024, representing a year-over-year increase of 4.3%. EPS of $4.37 for the same period compares to $3.79 a year ago. The reported revenue represents a surprise of -0.26% over the Zacks Consensus Estimate of $554.14 million. With the consensus EPS estimate being $3.91, the EPS surprise was +11.76%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall ...
FactSet Stock Rises on Q3 Profit Beat, Raised Guidance
Investopedia· 2024-06-21 14:30
FactSet Research Systems beat third-quarter profit forecasts and raised its full-year outlook as revenue and operating margin gained. The financial data provider said sales to institutional asset managers, asset owners, partners, and corporates increased. FactSet boosted its 2024 adjusted earnings per share (EPS) estimate, although it lowered its revenue guidance. | --- | --- | |---------------------------------------------------------------------------------------------------------------------------------- ...
FactSet Research (FDS) Surpasses Q3 Earnings Estimates
ZACKS· 2024-06-21 13:10
This quarterly report represents an earnings surprise of 11.76%. A quarter ago, it was expected that this financial data firm would post earnings of $3.83 per share when it actually produced earnings of $4.22, delivering a surprise of 10.18%. FactSet Research (FDS) came out with quarterly earnings of $4.37 per share, beating the Zacks Consensus Estimate of $3.91 per share. This compares to earnings of $3.79 per share a year ago. These figures are adjusted for non-recurring items. Over the last four quarters ...
FactSet Reports Results for Third Quarter 2024
Newsfilter· 2024-06-21 11:00
Q3 GAAP revenues of $552.7 million, up 4.3% from Q3 2023. Organic Q3 ASV plus professional services of $2,220.4 million, up 5.0% year over year. Q3 GAAP operating margin of 36.6%, up approximately 420 bps year over year, and adjusted operating margin of 39.4%, up 340 bps from the prior year. Q3 GAAP diluted EPS of $4.09, up 18.2% from the prior year, and adjusted diluted EPS of $4.37, up 15.3% year over year. Fiscal 2024 guidance updated. Expected organic ASV plus professional services growth of $85-$120 mi ...
FactSet Reports Results for Third Quarter 2024
GlobeNewswire News Room· 2024-06-21 11:00
Third Quarter Fiscal 2024 Highlights Operating margin 36.6 % 32.5 % Adjusted operating margin 39.4 % 36.0 % Net income $ 158,135 $ 134,663 17.4 % Adjusted net income $ 168,796 $ 147,667 14.3 % Adjusted EBITDA $ 239,930 $ 205,284 16.9 % Diluted EPS $ 4.09 $ 3.46 18.2 % Adjusted diluted EPS $ 4.37 $ 3.79 15.3 % Buy-side and sell-side organic ASV growth rates for the third quarter of fiscal 2024 were 5.3% and 3.7%, respectively. Buy-side clients, including institutional asset managers, wealth managers, asset o ...
FactSet(FDS) - 2024 Q3 - Quarterly Results
2024-06-21 10:54
Third Quarter Fiscal 2024 Highlights News Release I For Immediate Release FactSet Reports Results for Third Quarter 2024 NORWALK, Conn., June 21, 2024 - FactSet ("FactSet" or the "Company") (NYSE:FDS) (NASDAQ:FDS), a global financial digital platform and enterprise solutions provider, today announced results for its third quarter fiscal 2024 ended May 31, 2024. "FactSet has a long history of providing exceptional value to our clients," said Phil Snow, CEO of FactSet. "We maintain an optimistic outlook as we ...
Top Wall Street Forecasters Revamp FactSet Research Expectations Ahead Of Q3 Earnings
Benzinga· 2024-06-21 09:13
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables. On May 2, FactSet's board approved a 6% increase in the regular quarterly cash dividend of 98 cents per share to $1.04 per share. Loading... Analysts expect the Norwalk, Connecticut-based company to report quarterly earnings at $3.90 per share, up from $3.79 per share in the year-ago period. FactSet Research is expected to p ...
FactSet (FDS) to Report Q3 Earnings: What's in the Offing?
ZACKS· 2024-06-18 14:50
FactSet Research Systems Inc. (FDS) is set to report its third-quarter fiscal 2024 results on Jun 21, before market open. The consensus estimate for FactSet's fiscal third-quarter revenues is pegged at $554.1 million, indicating a 4.6% increase from the year-ago quarter's reported figure. The top line is expected to have been driven by GenAI banker efficiency tools and the release of Transcript Assistant. The consensus mark for the earnings is pegged at $3.9 per share, suggesting 3.2% growth on a year-over- ...