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FactSet Research: Q3 Earnings Insights

Benzinga Insights

Shares of FactSet Research Systems (NYSE:FDS) were unchanged in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share were up 9.16% year over year to $2.86, which beat the estimate of $2.43.

Revenue of $374,083,000 higher by 2.62% from the same period last year, which missed the estimate of $376,030,000.

Outlook

Factset expects FY20 adjusted EPS of $10.40-$10.60 and GAAP sales of $1.485 billion-$1.49 billion.

Details Of The Call

Date: Jun 25, 2020

Time: 11:00 AM

View more earnings on FDS

ET Webcast URL: https://edge.media-server.com/mmc/p/6u67xr6f

Price Action

52-week high: $318.55

52-week low: $195.22

Price action over last quarter: Up 16.69%

Company Overview

FactSet provides financial data and portfolio analytics to the global investment community. The company aggregates data from 220 suppliers, 115 news sources, and 85 exchanges into its workstations. In addition, it provides essential portfolio analytics that companies use to monitor portfolios and address reporting requirements. Buy-side clients account for 83% of FactSet's annual subscription value. In 2015, the company acquired Portware, a provider of trade execution software.

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