FactSet Earns $3.25 per Share

This morning, FactSet (FDS) reported fiscal Q1 earnings of $3.25 per share. That was up 12.8% over last year and it beat Wall Street’s forecast of $2.99 per share. Quarterly revenues rose 9.4% to $424.7 million. Organic sales rose 9.1% to $423.2 million.

The key stat for FactSet is Annual Subscription Value (ASV) plus professional services. At the end of the quarter, that stood at $1.7 billion which is up from $1.6 billion a year ago.

FactSet is also one of the newest members of the S&P 500.

Here are FactSet’s expectations for Fiscal 2022:

• Organic ASV plus professional services is expected to increase in the range of $105 million to $135 million over fiscal 2021.
• GAAP revenues is expected to be in the range of $1,705 million to $1,720 million.
• GAAP operating margin is expected to be in the range of 31% to 32%.
• Adjusted operating margin is expected to be in the range of 32.5% to 33.5%.
• FactSet’s annual effective tax rate is expected to be in the range of 14.5% to 15.5%.
• GAAP diluted EPS is expected to be in the range of $11.60 to $11.90. Adjusted diluted EPS is expected to be in the range of $12.00 to $12.30.

Posted by on December 21st, 2021 at 11:12 am


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