FactSet Earns $2.88 per Share

We had a very good earnings report this morning from FactSet (FDS). This was for their fiscal Q4.

The company’s previous guidance implied fiscal Q4 earnings of $2.43 to $2.83 per share. Wall Street was expecting $2.72 per share. Instead, FactSet made $2.88 per share. That’s quite good.

For the year, FactSet made $11.20 per share which exceeded their range of $10.75 to $11.15 per share. This was the 25th year in row that FactSet has increased its EPS.

“We delivered a record fourth quarter, driving 200 bps of ASV growth for the fiscal year,” said Phil Snow, CEO, FactSet. “As we planned, two years of accelerated investment in content and technology is paying dividends. We enter next fiscal year with momentum and believe our strategy to scale our content refinery and create personalized workflow solutions will increase our market share.”

FactSet also gave initial guidance for the new fiscal year. The company expects FT 2022 earnings to range between $12 and $12.30 per share. The stock is currently up 3.8% in today’s trading.

Posted by on September 28th, 2021 at 11:31 am


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