Key Takeaways:
- FactSet's revenue surpassed expectations, signaling strong business performance.
- Adjusted earnings per share (EPS) fell short of estimates, impacting investor sentiment.
- Despite mixed results, FactSet's stock still saw a premarket rise, reflecting investor confidence.
FactSet Fiscal Q3 Performance Highlights
In its fiscal third quarter, FactSet (FDS, Financial) delivered results that were a mixed bag for investors. The company's adjusted EPS came in at $4.27, falling short of market expectations. However, revenue rose impressively to $585.5 million, beating analyst consensus and showcasing the company's robust revenue generation. FactSet's organic annual subscription value hit an impressive $2.30 billion, even as rising operational expenses put pressure on profit margins. Nonetheless, the market reacted positively, with FactSet's stock ticking up by 0.4% in premarket trading.
Wall Street Analysts Forecast
The stock is under the analytical microscope of 16 experts, who have a one-year average price target of $441.23 for FactSet Research Systems Inc (FDS, Financial). The projections range from a high estimate of $503.00 to a low of $380.00. This average target price suggests a potential upside of 4.47% from the current trading price of $422.34. For more detailed forecast data, visit the FactSet Research Systems Inc (FDS) Forecast page.
From the perspective of 21 brokerage firms, FactSet is currently rated at an average of 3.2 in their brokerage recommendations, categorizing the stock as a "Hold." Their rating scale spans from 1, indicating a "Strong Buy," to 5, indicating a "Sell."
GuruFocus Insights: GF Value Estimation
According to GuruFocus estimates, the GF Value of FactSet in the coming year is projected at $522.01. This implies a significant upside of 23.6% from the current price of $422.34. The GF Value represents GuruFocus' assessment of the stock's fair market value, derived from historical trading multiples and future business performance estimations. For more comprehensive data, please refer to the FactSet Research Systems Inc (FDS, Financial) Summary page.
