FactSet Earns $2.88 per Share

Earnings are out for FactSet (FDS). For its fiscal Q1, FactSet earned $2.88 per share. That beat Wall Street’s estimate of $2.75 per share. That’s up 11.6% over last year’s Q1.

Adjusted operating margin improved 0.4% to 34.3%. Annual Subscription Value (ASV) plus professional services rose 5% to $1.56 billion. User count increased by 5,187 to 138,238. Annual ASV retention was greater than 95%. When expressed as a percentage of clients, annual retention was 90%.

Here’s FactSet’s guidance:

Organic ASV plus professional services is expected to increase in the range of $55 million and $85 million over fiscal 2020.

GAAP revenue is expected to be in the range of $1,570 million and $1,585 million.

GAAP operating margin is expected to be in the range of 29.5% and 30.5%.

Adjusted operating margin is expected to be in the range of 32.0% and 33.0%.

FactSet’s annual effective tax rate is expected to be in the range of 15.0% and 16.5%.

GAAP diluted EPS is expected to be in the range of $10.05 and $10.45. Adjusted diluted EPS is expected to be in the range of $10.75 and $11.15.

Both GAAP operating margin and GAAP diluted EPS guidance do not include certain effects of any non-recurring benefits or charges that may arise in fiscal 2021. Please see the back of this press release for a reconciliation of GAAP to adjusted metrics.

Posted by on December 21st, 2020 at 9:16 am


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