FactSet

FactSet (NYSE:FDS | NASDAQ:FDS) helps the financial community to see more, think bigger, and work better. Our digital platform and enterprise solutions deliver financial data, analytics, and open technology to nearly 8,000 global clients, including almost 190,000 individual users. Clients across the buy-side and sell-side as well as wealth managers, private equity firms, and corporations achieve more every day with our comprehensive and connected content, flexible next-generation workflow solutions, and client-centric specialized support. As a member of the S&P 500, we are committed to sustainable growth and have been recognized amongst the Best Places to Work in 2023 by Glassdoor as a Glassdoor Employees’ Choice Award winner. Learn more at www.factset.com and follow us on Twitter and LinkedIn.

FactSet Likely Faces Deceleration in Organic Annual Subscription Value Growth, Morgan Stanley Says

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FactSet Research Systems (FDS) is likely to see a deceleration in organic annual subscription value, or ASV, growth for the year ending 2024, Morgan Stanley said in a note. The investment firm said it continues to model 6.5% organic ASV growth for the year ending 2024, implying a 60 basis point deceleration from the year ending 2023. “We remain cautious given the challenging market environment and prefer other names across info services with higher EPS growth trading at lower valuation,” Morgan Stanley said. FactSet expects continued pressure in fiscal H1 of 2024 due partly to tighter client budgets but forecasts a recovery in fiscal H2 on better client sentiment, some new business wins and a stronger pipeline in wealth, the report said. “In order to become more constructive, we would like to see evidence of potential ASV inflection before thinking that we have reached the bottom,” Morgan Stanley said. Morgan […]

FactSet Likely Faces Deceleration in Organic Annual Subscription Value Growth, Morgan Stanley Says Read Post »

FactSet (NYSE:FDS) Expects FY24 Revenue of $2.21B-$2,23B Vs $2.23B Est, Adj EPS $15.65-$16.15 Vs $16.65 Est

/ / Financials /

FactSet (NYSE:FDS)  of Fiscal 2024 Expectations Organic ASV plus professional services is expected to grow in the range of $130 million to $175 million during fiscal 2024. GAAP revenues are expected to be in the range of $2,210 million to $2,230 million. GAAP operating margin is expected to be in the range of 33.1% to 33.5%. Adjusted operating margin is expected to be in the range of 36.3% to 36.7%. FactSet’s annual effective tax rate is expected to be in the range of 17.0% to 18.0%. GAAP diluted EPS is expected to be in the range of $14.20 to $14.70. Adjusted diluted EPS is expected to be in the range of $15.65 to $16.15.

FactSet (NYSE:FDS) Expects FY24 Revenue of $2.21B-$2,23B Vs $2.23B Est, Adj EPS $15.65-$16.15 Vs $16.65 Est Read Post »

FactSet (NYSE:FDS) ‘s Q4 Earnings Decline, Revenue Rises

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FactSet (NYSE:FDS) reported Q4 adjusted earnings  of $2.93 per diluted share, down from $3.13 a year earlier. Analysts polled by FactSet expected $3.50 per share. Revenue for the quarter ended Aug. 31 was $535.8 million, up from $499.3 million a year earlier. Analysts polled by FactSet expected $535.7 million. For fiscal 2024, the financial data company expects adjusted earnings of between $15.65 and $16.15 per diluted share. Analysts polled by FactSet expect $16.66. Revenue is expected to be between $2.21 billion and $2.23 billion. Analysts polled by FactSet expect $2.23 billion.

FactSet (NYSE:FDS) ‘s Q4 Earnings Decline, Revenue Rises Read Post »

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