- FactSet increased its full-year adjusted EPS forecast to $16.00 – $16.40, previously $15.60 – $16.00. The estimate was $16.03.
- The adjusted operating margin forecast is now 37% – 37.5%, up from 36.3% – 36.7%. The estimate was 36.6%.
- Third Quarter Results:
- Adjusted EPS: $4.37 vs. $3.79 y/y. The estimate was $3.91.
- Revenue: $552.7 million, a 4.3% increase y/y. The estimate was $553.3 million.
- Adjusted operating income: $218.0 million, a 14% increase y/y. The estimate was $199.6 million.
- Adjusted operating margin: 39.4% vs. 36% y/y. The estimate was 36%.
- Annual Subscription Value (ASV) plus Professional Services: $2.22 billion, a 4.7% increase y/y, matching the estimate of $2.22 billion.
- Organic ASV plus Professional Services growth rate: 5%, with an estimate of 5.5%.
- Revenue by Region:
- Americas: $356.5 million, a 5.6% increase y/y. The estimate was $354.7 million.
- EMEA: $141.2 million, a 2.3% increase y/y. The estimate was $142.5 million.
- Asia Pacific: $55.0 million, a 1.7% increase y/y. The estimate was $56.2 million.
- Client count: 8,029, a 3.3% increase y/y. The estimate was 8,084.
- There are 4 buy recommendations, 12 holds, and 5 sells for the stock.
Factset Research Systems Inc on Smartkarma
Analysts on Smartkarma, like those from Baptista Research, have been closely covering FactSet Research Systems Inc. In a report titled “FactSet Research Systems Inc.: Substantial Pipeline & Competitive Displacements! – Major Drivers,” FactSet, a leading financial data and software company, showcased a 5.4% year-over-year growth in organic ASV plus professional services during a challenging market period. The company added 75 net new logos to its client base, totaling over 8,000 clients.
Another report by Baptista Research, “FactSet Research Systems Inc.: Conquering Challenges With AI – The Future of Financial Analysis Revealed! – Major Drivers,” highlighted a 7.1% year-over-year growth in organic ASV plus professional services. FactSet’s management introduced a cost-reduction program in response to industry uncertainties and emphasized AI initiatives to enhance client efficiency and drive growth in its product range. Analyst sentiment leans bullish on the company’s ability to navigate challenges and sustain growth.
A look at Factset Research Systems Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Factset Research Systems Inc. has shown a promising long-term outlook based on Smartkarma Smart Scores. With a solid Growth score of 4, the company is positioned to experience strong expansion opportunities. This indicates potential for future development and profitability, attracting investors looking for companies with a growth-oriented strategy.
Even though certain areas like Value, Dividend, Resilience, and Momentum have room for improvement with scores of 2-3, the overall positive Growth score suggests Factset Research Systems Inc. may be well-positioned for long-term success in providing global economic and financial data services. As a key player in supplying essential data to financial professionals, the company’s ability to capitalize on growth opportunities could lead to sustained performance in the market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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