FactSet Guides FY23 Adj. EPS In Line With Estimates; Q4 Adj. EPS Tops View
(RTTNews) - While reporting financial results for the fourth quarter on Thursday, FactSet Research Systems, Inc. (FDS) initiated its earnings and revenue outlook for the full-year 2023.
For fiscal 2022, the company now projects earnings in a range of $12.70 to $13.10 per share and adjusted earnings in a range of $14.50 to $14.90 per share on revenue between $2.100 billion and $2.115 billion.
On average, analysts polled by Thomson Reuters expect the company to report earnings of $14.76 per share on revenues of $2.04 billion for the year. Analysts' estimates typically exclude special items.
For the fourth quarter, net income increased to $104.42 million or $2.69 per share from $101.06 million or $2.63 per share in the prior-year quarter. Excluding items, adjusted net income was $3.13 per share, compared to $2.88 per share last year.
Revenue for the quarter increased 21.2 percent to $499.30 million from $411.89 million in the same quarter last year. Organic revenues grew 9.8 percent to $452.5 million.
The Street was looking for earnings of $3.20 per share on revenues $487.81 million for the quarter.
FactSet Boosts FY24 Earnings Outlook - Update
FactSet Reaffirms FY24 Outlook; Q2 Adj. EPS Tops View
FactSet Q1 Results Top Estimates, But Trims FY24 Outlook
FactSet Maintains FY23 Adj. EPS Outlook; Q2 Adj. EPS Tops View
Chicago Business Barometer Jumps But Still Indicates Contraction In February
U.S. Consumer Prices Increases In Line With Estimates In January
U.S. Consumer Price Inflation Data Matches Estimates In January
