FactSet Research Q4: Marginal Revenue Beat, Misses On Bottomline, Dull FY24 Outlook & More
Portfolio Pulse from Nabaparna Bhattacharya
FactSet Research Systems Inc. reported Q4 FY23 sales growth of 7.3% YoY to $535.797 million, slightly beating the consensus of $535.280 million. However, the adjusted EPS of $2.930 missed the consensus of $3.50. The company repurchased 264,400 shares of its common stock for $109.6 million at an average price of $414.63 during the quarter. The company's outlook for FY24 is below the Street's expectations, with an adjusted EPS of $15.65-$16.15 and GAAP revenues of $2.210-$2.230 billion.
September 21, 2023 | 12:30 pm
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NEGATIVE IMPACT
FactSet's Q4 FY23 sales slightly beat consensus but the EPS missed. The company's outlook for FY24 is below the Street's expectations, which could negatively impact the stock price.
FactSet's Q4 sales beat the consensus, which is a positive signal. However, the EPS missed the consensus, which is a negative signal. Furthermore, the company's outlook for FY24 is below the Street's expectations, which could lead to a negative sentiment among investors and potentially a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100