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FactSet Research (FDS) Tops Q4 Earnings and Revenue Estimates
FDSFactSet(FDS) ZACKS·2024-09-19 13:10

Core Viewpoint - FactSet Research reported quarterly earnings of 3.74pershare,exceedingtheZacksConsensusEstimateof3.74 per share, exceeding the Zacks Consensus Estimate of 3.60 per share, and showing an increase from 2.93pershareayearago,indicatingastrongperformanceinthefinancialdatasector[1][2]FinancialPerformance−Thecompanyachievedrevenuesof2.93 per share a year ago, indicating a strong performance in the financial data sector [1][2] Financial Performance - The company achieved revenues of 562.19 million for the quarter ended August 2024, surpassing the Zacks Consensus Estimate by 2.73% and up from 535.8millionyear−over−year[2]−Overthelastfourquarters,FactSethasconsistentlysurpassedconsensusEPSestimatesfourtimesandtoppedrevenueestimatestwotimes[2]StockPerformance−FactSetshareshavedeclinedapproximately6.3535.8 million year-over-year [2] - Over the last four quarters, FactSet has consistently surpassed consensus EPS estimates four times and topped revenue estimates two times [2] Stock Performance - FactSet shares have declined approximately 6.3% since the beginning of the year, contrasting with the S&P 500's gain of 17.8%, indicating underperformance relative to the broader market [3] Future Outlook - The company's earnings outlook will be crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the next quarter is 4.32 on revenues of 561.78million,andforthecurrentfiscalyear,itis561.78 million, and for the current fiscal year, it is 17.40 on revenues of $2.29 billion [7] Industry Context - The Business - Information Services industry, to which FactSet belongs, is currently ranked in the top 37% of over 250 Zacks industries, suggesting a favorable industry outlook [8]