News Release I For Immediate Release 1 FactSet Reports Results for Fourth Quarter 2024 ◦ Q4 GAAP revenues of $562.2 million, up 4.9% from Q4 2023. ◦ Organic Q4 ASV plus professional services of $2,272.8 million, up 4.8% year over year. ◦ Q4 GAAP operating margin of 22.7%, up approximately 110 bps year over year, and adjusted operating margin of 35.8%, up 240 bps from the prior year. ◦ Q4 GAAP diluted EPS of $2.32, up 38.1% from the prior year, and adjusted diluted EPS of $3.74, up 23.8% year over year. ◦ Fa ...

Wall Street analysts expect FactSet Research (FDS) to post quarterly earnings of $3.60 per share in its upcoming report, which indicates a year-over-year increase of 22.9%. Revenues are expected to be $547.27 million, up 2.1% from the year-ago quarter. Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.5% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period. Prior to a company's e ...

Core Insights - FactSet will host an Investor Day on November 14, 2024, from 8:00 a.m. to 2:00 p.m. EST, both in New York City and via live stream [1] - The event will feature presentations on the company's financial outlook, innovative technology, and new client-centric workflow solutions, along with demonstrations of generative AI products [2] - Attendance is by invitation only, and registration is required for analysts and institutional investors [3] Company Overview - FactSet provides financial data, analytics, and open technology to over 8,000 global clients, including more than 208,000 individual users [4] - The company is recognized for its commitment to sustainable growth and was awarded the Glassdoor Employees' Choice Award in 2023 [4]

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Core Insights - FactSet Research Systems Inc. has been providing extensive data and analytics to financial professionals for over 40 years, experiencing growth in its customer base with 383 new clients added in fiscal 2023 and nine in Q3 of fiscal 2024, primarily from corporate and wealth clients [1] Group 1: Acquisitions and Infrastructure - The acquisition of idaciti in 2023 supports FactSet's initiative to digitally enhance its content collection infrastructure and expedite access to essential data sets for advanced workflows [2] - The 2022 acquisition of CUSIP Global Services has bolstered FactSet's position in the global capital markets [2] Group 2: Shareholder Returns - FactSet has a strong track record of rewarding shareholders through share repurchases and dividends, repurchasing shares worth $18.64 million in fiscal 2023, $199.6 million in 2022, and $264.7 million in 2021, while paying dividends of $125.9 million, $110.4 million, and $117.9 million in the same respective years [3] Group 3: Earnings Performance - FactSet holds a Zacks Rank of 2 (Buy), indicating attractive investment opportunities, with a decent earnings surprise history, surpassing the Zacks Consensus Estimate in three of the last four quarters, averaging a 1.6% earnings surprise [4] - The Zacks Consensus Estimate for FactSet's fiscal 2024 earnings is $16.32, reflecting a 12.2% year-over-year growth, with a projected 7.2% increase in 2025 [5] Group 4: Comparable Stocks - Other top-ranked stocks in the Zacks Business Services sector include Genpact, which has a Zacks Rank of 2 and a long-term earnings growth expectation of 8.4%, and Jamf, also with a Zacks Rank of 2 and a long-term earnings growth expectation of 57% [6][7]

NORWALK, Conn., Aug. 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 fourth quarter fiscal 2024, ending August 31, 2024, on Thursday, September 19, 2024. FactSet will also host a conference call to discuss these results at 11:00 a.m. Eastern Time on Thursday, September 19, 2024. The following information is provided for investors who would li ...

FactSet Research (FDS) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years. Since a cha ...

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Core Points - FactSet's Board of Directors approved a quarterly cash dividend of $1.04 per share [1] - The dividend will be paid on September 19, 2024, to shareholders of record as of August 30, 2024 [1] Company Overview - FactSet is a global financial digital platform and enterprise solutions provider, serving over 8,000 clients and more than 208,000 individual users [2] - The company offers financial data, analytics, and technology solutions to various sectors, including buy-side, sell-side, wealth management, private equity, and corporations [2] - FactSet is a member of the S&P 500 and has been recognized as one of the Best Places to Work in 2023 by Glassdoor [2]

Core Points - FactSet's Board of Directors approved a quarterly cash dividend of $1.04 per share [1] - The dividend will be paid on September 19, 2024, to shareholders of record as of August 30, 2024 [1] Company Overview - FactSet is a global financial digital platform and enterprise solutions provider, serving over 8,000 clients and more than 208,000 individual users [2] - The company offers financial data, analytics, and technology solutions to various sectors, including buy-side, sell-side, wealth management, private equity, and corporations [2] - FactSet is a member of the S&P 500 and has been recognized as one of the Best Places to Work in 2023 by Glassdoor [2]