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Norwalk, Connecticut-based FactSet Research Systems Inc. (FDS) is a financial data company. Valued at $15.7 billion by market cap, the company provides integrated financial information and analytical applications to the investment community. FDS is expected to announce its fiscal Q4 earnings on Thursday, Sep. 19.
Ahead of the event, analysts expect FactSet to report a profit of $3.61 per share, up 23.2% from $2.93 per share reported in the year-ago quarter. The company has surpassed Wall Street’s EPS estimates in three of the past four quarters while missing on one other occasion. In the last quarter, FDS reported an EPS of $4.37, exceeding the consensus estimates by 11.8%.
Analysts expect FDS to announce an EPS of $16.29 in fiscal 2024, up nearly 12% from $14.55 in fiscal 2023. Looking forward to fiscal 2025, its EPS is expected to grow 7.4% year over year to $17.49.
FDS stock is down 12.6% on a YTD basis, underperforming the S&P 500 Index’s ($SPX) around 14% gains and the S&P 500 Financials Sector SPDR’s (XLF) 17.3% returns over the same time frame.
Despite FactSet’s reduction in revenue guidance for fiscal 2024, the stock rose 3.8% after the release of its Q3 earnings on Jun. 21. The company reported an impressive 17.4% rise in net income and a 4.3% growth in revenues compared to the year-ago quarter.
Moreover, the company repurchased shares worth $171.9 million over the past three quarters and raised its quarterly dividends by 6.1% in May.The consensus opinion on FactSet stock is cautious, with an overall “Hold” rating. Among 16 analysts covering the stock, 11 recommend “Hold,” one suggests “Moderate Sell,” and four advise a “Strong Sell” rating. The average target price for FactSet is $438.85, indicating a potential upside of 5.3% from current price levels.
On the date of publication, Aditya Sarawgi did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
