These Analysts Slash Their Forecasts On FactSet Research After Q1 Results - FactSet Research Systems (NYSE:FDS)

Core Insights - FactSet Research Systems Inc. reported first-quarter sales of $607.6 million, exceeding analyst expectations of $600.5 million, marking a 6.9% year-over-year increase [1] - The company achieved adjusted earnings per share of $4.51, surpassing the consensus estimate of $4.37 [1] Financial Performance - The company reaffirmed its fiscal 2026 guidance, projecting adjusted EPS between $16.90 and $17.60, compared to the consensus of $17.38 [2] - Sales guidance for fiscal 2026 is set at $2.423 billion to $2.448 billion, slightly above the consensus of $2.442 billion [2] - FactSet anticipates organic ASV growth of $100 million to $150 million and an adjusted operating margin of 34.0% to 35.5% [2] Market Reaction - Following the earnings announcement, FactSet Research shares increased by 4.6% to $286.00 [3] - Analysts adjusted their price targets for FactSet Research, with Stifel maintaining a Hold rating and lowering the target from $372 to $295, while Goldman Sachs maintained a Sell rating and reduced the target from $282 to $253 [4]