FactSet Down 6% this Morning

A former Buy List stock, FactSet Research Systems (FDS), is down about 6% this morning after their latest earnings report missed expectations by one penny per share. For their fiscal Q4, FactSet earned $1.69 per share.

The results missed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.70 per share.

The financial data firm posted revenue of $287.3 million in the period, which also missed Street forecasts. Six analysts surveyed by Zacks expected $290.9 million.

For the year, the company reported profit of $338.8 million, or $8.19 per share. Revenue was reported as $1.13 billion.

For the current quarter ending in December, FactSet expects its per-share earnings to range from $1.68 to $1.72.

Even with the reduced price, FDS is still going for 22 times next year’s estimate.

Posted by on September 27th, 2016 at 9:53 am


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.