FactSet Research Systems Inc. posted second-quarter fiscal 2022 results that surpassed analysts’ expectations.
The financial data company’s adjusted earnings rose +20.2% from the year-ago quarter to $3.27 a share, exceeding the Zacks Consensus Estimate by 10.5%.
Revenues climbed +10% year-over-year to $431.1 million in the quarter also surpassed the Zacks Consensus Estimate by 1%. The increase was driven by higher sales of analytics, and research and advisory solutions.
Organic revenues rose +9.9% year over year to $430.8 million. Organic revenue growth from Americas, EMEA and Asia Pacific was 10.3%, 9.5% and 13.7%, respectively.
The company’s annual Subscription Value (“ASV”) plus professional services increased +9.5% year over year. Buy-side and sell-side ASV growth rates were +8.4% and +12.6%, respectively. Organic ASV plus professional services were up +9.4% from the prior-year quarter. Almost 84% of organic ASV was generated by buy-side and the rest by sell-side firms.
FDS may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 30 cases where FDS's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 46 cases where FDS's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that 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 379 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Momentum Indicator moved below the 0 level on May 18, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on FDS as a result. In of 91 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 April 26, 2023. 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 45 similar instances when the indicator turned negative. In of the 45 cases the stock turned lower in the days that followed. This puts the odds of success at .
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 May 31, 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.
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 (9.174) is normal, around the industry mean (3.587). P/E Ratio (33.445) is within average values for comparable stocks, (36.378). Projected Growth (PEG Ratio) (2.360) is also within normal values, averaging (2.330). Dividend Yield (0.009) settles around the average of (0.038) among similar stocks. P/S Ratio (7.457) is also within normal values, averaging (104.363).
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
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.
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