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published in Blogs
Dec 22, 2022
FactSet (FDS, $393.26) beats fiscal Q1 earnings expectations

FactSet (FDS, $393.26) beats fiscal Q1 earnings expectations

FactSet Research reported quarterly adjusted earnings of $3.99 per share, exceeding the Zacks Consensus Estimate of $3.60 per share (as reported by Zacks Equity Research). Adjusted earnings were $3.25 per share a year ago. 

The company’s Annual Subscription Value plus professional services came in at $2.0 billion vs. $1.7 billion a year ago. Organic ASV plus professional services was $1.8 billion, up $149.5 million from the prior year (and at a growth of 8.8%).

Adjusted operating margin widened to 38.3%, compared with 33.6% in the prior year period.

For fiscal 2023, FactSet reaffirmed its forecast of adjusted EPS in the range of $14.50 to $14.90, and revenues in the range of $2.10 billion to $2.115 billion.

Related Tickers: FDS