FactSet (FDS) to Report Q3 Earnings: What's in the Offing?

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$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].