FactSet Research (FDS) Surpasses Q3 Earnings Estimates

Company Performance - FactSet Research (FDS) reported quarterly earnings of $4.37 per share, exceeding the Zacks Consensus Estimate of $3.91 per share, and up from $3.79 per share a year ago [2] - The company posted revenues of $552.71 million for the quarter ended May 2024, which was slightly below the Zacks Consensus Estimate by 0.26%, compared to $529.81 million in the same quarter last year [3] - Over the last four quarters, FactSet has surpassed consensus EPS estimates three times and topped consensus revenue estimates two times [3] Market Performance - FactSet shares have declined approximately 14.4% since the beginning of the year, while the S&P 500 has gained 14.8% [5] - The current estimate revisions trend for FactSet is unfavorable, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [8] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $3.70 on revenues of $559.49 million, and for the current fiscal year, it is $15.95 on revenues of $2.2 billion [9] - The outlook for the Business - Information Services industry, where FactSet operates, is currently in the bottom 37% of over 250 Zacks industries, which may negatively impact stock performance [10]