Financial data provider FactSet (NYSE: FDS) will be reporting results this Wednesday before market hours. Here’s what investors should know.
FactSet beat analysts’ revenue expectations last quarter, reporting revenues of $611 million, up 7.1% year on year. It was a mixed quarter for the company, with a beat of analysts’ EPS estimates but full-year EPS guidance meeting analysts’ expectations.
Is FactSet a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting FactSet’s revenue to grow 5.2% year on year, in line with the 5.9% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. FactSet rarely misses Wall Street’s revenue estimates.
Looking at FactSet’s peers in the capital markets segment, only Jefferies has reported results so far. It missed analysts’ revenue estimates, delivering year-on-year sales growth of 35%. The stock was down 11.7% on the results.
Read our full analysis of Jefferies’s earnings results here.Investors in the capital markets segment have had steady hands going into earnings, with share prices flat over the last month. FactSet is down 14.2% during the same time and is heading into earnings with an average analyst price target of $252.25 (compared to the current share price of $232.45).
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