FactSet Research Systems Inc. posted its third quarter fiscal 2022 earnings that surpassed the Zacks Consensus Estimate. Revenue, too, topped estimates from Zacks consensus.
The data/software company’s adjusted earnings rose +38.2% from the year-ago quarter to $3.76 per share, exceeding the Zacks Consensus Estimate by 18.2% .
Revenues surged +22.3% from the year-ago quarter to $488.8 million, beating the Zacks Consensus Estimate by 2.7.
Organic revenues climbed +10.5% year over year to $441.7 million. Organic revenue growth was +7.4% from the Americas, +13.2% from EMEA, and +23.6% from the Asia Pacific.
The company’s Annual Subscription Value (ASV) plus professional services grew +19.8% year-over-year to $1.94 billion.
FactSet added 147 clients in the reported fiscal quarter, on the back of an increase in corporate and wealth clients, taking the total to 7,319. The annual client retention rate was 92%.
The RSI Indicator for FDS moved out of oversold territory on April 16, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 20 similar instances when the indicator left oversold territory. In of the 20 cases the stock moved higher. This puts the odds of a move higher at .
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 16 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where FDS advanced for three days, in of 379 cases, the price rose further within the following month. The odds of a continued upward trend are .
FDS may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 299 cases where FDS Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The Momentum Indicator moved below the 0 level on March 21, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on FDS as a result. In of 95 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for FDS turned negative on March 21, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 48 similar instances when the indicator turned negative. In of the 48 cases the stock turned lower in the days that followed. This puts the odds of success at .
FDS moved below its 50-day moving average on March 21, 2024 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for FDS crossed bearishly below the 50-day moving average on March 26, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 18 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where FDS declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 75, placing this stock better than average.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. FDS’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (9.921) is normal, around the industry mean (5.403). P/E Ratio (35.832) is within average values for comparable stocks, (35.040). Projected Growth (PEG Ratio) (2.368) is also within normal values, averaging (2.610). Dividend Yield (0.009) settles around the average of (0.030) among similar stocks. P/S Ratio (8.104) is also within normal values, averaging (105.664).
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a provider of on-line integrated database services to the global financial community
Industry InvestmentBanksBrokers