FactSet Earns $2.35 per Share

This morning, we got our final Buy List earnings report of 2018. FactSet (FDS), reported fiscal Q1 earnings of $2.35 per share. That’s a 15.2% increase over last year. It also beat Wall Street’s estimate by six cents per share. Quarterly organic revenue rose 6.4% to $353.1 million.

I’ve looked at the numbers, and they’re pretty good. The key stat for FactSet is Annual Subscription Value, or ASV. At the end of the quarter, ASV increased to $1.42 billion. I was pleased to see that FactSet’s operating margin rose to 28.6%.

“We are pleased with our first quarter results and are encouraged by continued demand for our data and technology offerings. Our strategy to provide open and flexible solutions positions us well for another successful year of growth,” said Phil Snow, FactSet CEO.

At the end of the quarter, FactSet’s client count stood at nearly 5,300 while user count is now over 115,000. Their annual retention rate is over 95%.

When the Q4 earnings report came out three months ago, FactSet gave us guidance for 2019. Today, they reiterated all those projections. The company sees 2019 earnings ranging between $9.45 and $9.65 per share. That’s up from $8.53 per share last year. FactSet also sees organic ASV rising by $75 million to $90 million in 2019, and they see operating margins between 31.5% and 32.5%. That’s quite good.

Posted by on December 18th, 2018 at 7:46 am


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