FactSet Expects FY24 Revenue of $2.21B-$2,23B Vs $2.23B Est, Adj EPS $15.65-$16.15 Vs $16.65 Est
Portfolio Pulse from Benzinga Newsdesk
FactSet has released its fiscal 2024 expectations, predicting organic ASV plus professional services growth of $130 million to $175 million. GAAP revenues are expected to be between $2.21 billion and $2.23 billion, slightly below the estimated $2.23 billion. Adjusted diluted EPS is expected to be in the range of $15.65 to $16.15, lower than the estimated $16.65.
September 21, 2023 | 11:05 am
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NEGATIVE IMPACT
FactSet's FY24 expectations are slightly below estimates, which could potentially impact investor sentiment and the company's stock price.
FactSet's lower than expected FY24 predictions could lead to a negative investor sentiment, potentially causing a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100