FactSet (FDS, $392.45) fiscal Q3 earnings exceeds Zacks Consensus Estimate
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%.
FDS's MACD Histogram just turned positive
The Moving Average Convergence Divergence (MACD) for FDS turned positive on June 02, 2023. Looking at past instances where FDS's MACD turned positive, the stock continued to rise in of 44 cases over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on June 02, 2023. You may want to consider a long position or call options on FDS as a result. In of 91 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where FDS advanced for three days, in of 378 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.
Bearish Trend Analysis
The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.
The 10-day moving average for FDS crossed bearishly below the 50-day moving average on May 03, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 15 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 Aroon Indicator for FDS entered a downward trend on June 05, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
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 79, placing this stock better than average.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very 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 Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
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 (9.497) is normal, around the industry mean (3.661). P/E Ratio (34.602) is within average values for comparable stocks, (36.720). Projected Growth (PEG Ratio) (2.449) is also within normal values, averaging (2.381). Dividend Yield (0.009) settles around the average of (0.038) among similar stocks. P/S Ratio (7.716) is also within normal values, averaging (105.429).
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a provider of on-line integrated database services to the global financial community
Industry InvestmentBanksBrokers
FDS and
Correlation & Price change
A.I.dvisor indicates that over the last year, FDS has been closely correlated with SPGI. These tickers have moved in lockstep 69% of the time. This A.I.-generated data suggests there is a high statistical probability that if FDS jumps, then SPGI could also see price increases.
| Ticker / NAME | Correlation To FDS | 1D Price Change % | ||
|---|---|---|---|---|
| FDS | 100% | -0.16% | ||
| SPGI - FDS | 69% Closely correlated | +0.55% | ||
| MSCI - FDS | 68% Closely correlated | +0.43% | ||
| NDAQ - FDS | 67% Closely correlated | -0.55% | ||
| MCO - FDS | 66% Closely correlated | +0.55% | ||
| MORN - FDS | 56% Loosely correlated | -0.52% | ||
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