Buy Or Sell FactSet Stock Ahead Of Upcoming Earnings?

Group 1 - FactSet Research Systems is set to release its Q3 earnings around June 23, with projected earnings of $4.30 per share, a slight decline from $4.37 in the same period last year, while revenues are expected to rise by 5.1% year-over-year to $580.7 million [2] - The company's current market capitalization stands at $16 billion, with revenue for the past twelve months at $2.3 billion, reporting $711 million in operating profits and a net income of $543 million [3] - The Trefis High Quality portfolio has outperformed the S&P 500, yielding returns exceeding 91% since its inception, providing an alternative for investors seeking potential upside with less volatility [3][6] Group 2 - Over the past five years, FactSet has recorded 20 earnings data points, with positive one-day returns occurring approximately 50% of the time, and the median of positive returns at 3.6% while negative returns had a median of -4.3% [5] - The correlation between 1D post-earnings returns and subsequent 5D returns can be utilized for trading strategies, particularly if the 1D return is positive [6]