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FactSet (FDS) to Report Q3 Earnings: Is a Beat in Store?

Zacks Equity Research

FactSet Research Systems Inc. FDS is scheduled to report third-quarter fiscal 2019 results on Jun 25, before the bell.

The company has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in three of the trailing four quarters with an average positive earnings surprise of 1.9%.

The stock has gained 41.4% over the past year, outperforming the 12.3% rally of the industry it belongs to.



How Things Are Shaping Up?

The Zacks Consensus Estimate for revenues in the to-be-reported quarter stands at $359 million, indicating year-over-year growth of 5.6%. The expected increase is likely to be driven by higher sales of wealth management and content and technology solutions (CTS).  In second-quarter fiscal 2019, revenues rose 5.9% year over year to $355 million.

FactSet Research Systems Inc. Revenue (TTM)


FactSet Research Systems Inc. Revenue (TTM)
FactSet Research Systems Inc. Revenue (TTM)

FactSet Research Systems Inc. revenue-ttm | FactSet Research Systems Inc. Quote

The consensus estimate for earnings is pegged at $2.37, indicating year-over-year growth of 8.7%. Higher revenues and operating efficiency are expected to benefit the bottom line. In the fiscal second quarter, adjusted earnings rose 14.2% from the year-ago quarter to $2.42 per share.

What Our Model Says

According to the Zacks model, a company with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) has a good chance of beating estimates if it also has a positive Earnings ESP. Zacks Rank #4 (Sell) or 5 (Strong Sell) stocks are best avoided, especially if they have a negative Earnings ESP. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

FactSet has an Earnings ESP of 0.00% and a Zacks Rank #3, a combination that makes surprise prediction difficult.

Stocks to Consider

Here are a few stocks from the broader Zacks Business Services sector that investors may consider as our model shows that these have the right combination of elements to beat estimates.

FLEETCOR Technologies FLT, with an Earnings ESP of +0.31% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.

Franklin Covey Co. FC, with an Earnings ESP of +8.16% and a Zacks Rank #3.

Booz Allen Hamilton BAH, with an Earnings ESP of +0.66% and a Zacks Rank #3.

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FactSet Research Systems Inc. (FDS) : Free Stock Analysis Report
FleetCor Technologies, Inc. (FLT) : Free Stock Analysis Report
Franklin Covey Company (FC) : Free Stock Analysis Report
Booz Allen Hamilton Holding Corporation (BAH) : Free Stock Analysis Report
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