- FactSet continues to maintain its adjusted EPS (Earnings Per Share) forecast for the fiscal year, predicting it to be between $15.60 and $16.00. The estimate stands at $16.00.
- The company also maintains its revenue projection for the fiscal year, which is expected to fall between $2.20 billion and $2.21 billion. The estimate is $2.2 billion.
- FactSet is estimating its adjusted operating margin to be between 36.3% and 36.7% for the fiscal year. The estimate is 36.6%.
- According to the company’s research, technology expenses are expected to increase by 20% to 25% in the fiscal year 2024.
- The same research also predicts a rise in third-party data costs by approximately 2% in the fiscal year 2024.
- FactSet’s current market outlook includes 4 buys, 12 holds, and 4 sells.
Factset Research Systems Inc on Smartkarma
FactSet Research Systems Inc. has been receiving extensive coverage on Smartkarma, an independent investment research network, from top independent analysts such as Baptista Research. In their latest report, Baptista Research highlights the company’s strong performance in its second fiscal quarter of 2024, despite difficult market conditions. The company reported a year-over-year growth of 5.4% in organic ASV plus professional services and added 75 net new logos, bringing their total number of clients to over 8,000.
According to Baptista Research‘s analysis, FactSet Research Systems Inc. is also making significant strides in harnessing the power of AI to improve their financial analysis capabilities. The company’s recent implementation of a cost-reduction program and other AI initiatives demonstrate their commitment to enhancing client efficiency and sustaining growth. This, along with their diverse product offerings, puts FactSet Research Systems Inc. in a strong position for continued success.
Baptista Research also delves into the potential impact of FactSet’s latest AI investments on their revenue growth in their report. While the company delivered a mixed result in their most recent quarter, their success can be attributed to the growth of enterprise offerings and strategic wins across various workflows. Additionally, their content refinery, extensive data offerings, and innovations in user experience, including conversational interfaces and generative AI, are expected to drive continued growth for FactSet Research Systems Inc.
A look at Factset Research Systems Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| 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 a positive long-term outlook, according to the Smartkarma Smart Scores. The company has received a score of 2 for both value and dividend, indicating a stable financial position and potential for future growth. Additionally, FactSet has received a score of 3 for growth, highlighting its potential for expansion and profitability in the coming years. The company has also been rated with a score of 2 for resilience, suggesting its ability to withstand economic downturns. Moreover, FactSet has scored a 4 in momentum, indicating strong performance and investor confidence. Overall, these scores suggest that FactSet Research Systems Inc. is a financially sound and promising company with potential for growth and resilience in the long run.
Based on its description, FactSet Research Systems Inc. is a global provider of economic and financial data to professionals in the investment and banking industries. The company offers a comprehensive online source of information and analytics, including fundamental data, by combining databases from various suppliers. With its positive Smart Scores, FactSet is positioned for long-term success, with a strong financial position, potential for growth, and resilience to economic fluctuations. Its momentum score also signals strong performance and investor confidence, making FactSet a promising company for investors to consider.
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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