• FactSet’s 2nd quarter adjusted EPS came in at $4.22, beating the estimated $3.92 and last year’s $3.80.
• The company reported revenue of $545.9 million, marking a 6% year-on-year increase, although slightly below the estimated $547.3 million.
• Adjusted operating income was $209.3 million, up 9.8% year-on-year, surpassing the estimate of $199.2 million.
• The adjusted operating margin stood at 38.3%, compared to last year’s 37% and the estimated 36.3%.
• ASV plus Professional Services reached $2.21 billion, a 6.5% year-on-year increase, slightly above the estimated $2.2 billion.
• Organic ASV plus Professional Services growth rate was 5.4%, slightly below the estimated 5.76%.
• Revenue from the Americas was $352.6 million, marking a 6.5% year-on-year increase and slightly above the estimated $352.2 million.
• EMEA region’s revenue was $139.2 million, a 5.1% year-on-year increase, although slightly below the estimated $139.7 million.
• Asia Pacific revenue was $54.1 million, a 5% year-on-year increase, but lower than the estimated $55 million.
• The client count stood at 8,020, marking a 3.8% year-on-year increase, slightly below the estimated 8,068.
• FactSet maintains its year forecast, with adjusted EPS expected to be between $15.60 and $16.00, compared to the estimated $16.10.
• The company also maintains its adjusted operating margin forecast at 36.3% to 36.7%, in line with the estimated 36.5%.
• The company’s stock currently has 5 buys, 11 holds, and 4 sells.
Factset Research Systems Inc on Smartkarma
Baptista Research, a leading provider of independent investment research on Smartkarma, recently published two insightful reports on Factset Research Systems Inc. Both reports have a bullish sentiment and highlight the company’s use of AI as a major driver for future growth.
In the first report, Factset Research Systems was praised for delivering a positive result and beating expectations in the quarter. The company achieved a 7.1% year-over-year growth in organic ASV plus professional services. To tackle challenges in the market, Factset announced a cost-reduction program and other AI initiatives to improve efficiency and sustain growth across its diverse product offerings.
The second report also had a bullish outlook on Factset’s future, citing the company’s success in 2023 due to the growth of enterprise offerings and strategic wins across various workflows. The report also highlighted Factset’s content refinery, extensive data offerings, and innovations in user experience, such as conversational interfaces and generative AI, positioning the company for continued growth.
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, a company that provides economic and financial data to analysts and other financial professionals, has recently been given a Smartkarma Smart Score of 2 for value, 2 for dividend, 3 for growth, 2 for resilience, and 4 for momentum. This indicates a positive long-term outlook for the company, as the higher the score, the better the company performs in that particular factor. With a strong score for momentum, Factset Research Systems Inc is showing potential for growth and success in the future.
According to Smartkarma’s Smart Scores, Factset Research Systems Inc has an overall positive outlook, with a strong score of 4 for momentum. This company combines data from multiple suppliers into a single source, providing valuable information and analytics to its clients. With a score of 3 for growth, Factset Research Systems Inc is expected to continue expanding and providing top-notch services to its clients in the long-term. Overall, this company is a solid choice for investors looking for a company with potential for growth and success in the financial industry.
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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