FactSet (FDS) Misses Q2 EPS by 2c, Offers Guidance

FactSet (NYSE: FDS) reported Q2 EPS of $2.72, $0.02 worse than the analyst estimate of $2.74. Revenue for the quarter came in at $391.8 million versus the consensus estimate of $391.46 million.

GUIDANCE:

FactSet sees FY2021 EPS of $10.75-$11.15, versus the consensus of $11.17. FactSet sees FY2021 revenue of $1.57-1.585 million, versus the consensus of $1.58 million.

•Organic ASV plus professional services is now expected to increase in the range of $70 million and $85 million over fiscal 2020.
•GAAP revenue is expected to be in the range of $1,570 million and $1,585 million.
•GAAP operating margin is expected to be in the range of 29.5% and 30.5%.
•Adjusted operating margin is expected to be in the range of 32.0% and 33.0%.
•FactSet's annual effective tax rate is expected to be in the range of 15.0% and 16.5%.
•GAAP diluted EPS is expected to be in the range of $10.05 and $10.45. Adjusted diluted EPS is expected to be in the range of $10.75 and $11.15.

For earnings history and earnings-related data on FactSet (FDS) click here.

You May Also Be Interested In

• Synopsys upgraded at Piper Sandler on Intel foundry momentum, Apple opportunity
• Bernstein SocGen Group Reiterates Outperform Rating on Hermes International (RMS:FP) (HESAY) after cautious commentary
• Rothschild Redburn Downgrades FactSet Research Systems (FDS) to Sell