FactSet Expects FY24 Revenue of $2.18B-$2.19B (Prior $2.20B-$2.21B) Vs $2.20B Est, Adj EPS of $16.00-$16.40 (Prior $15.60-$16.00) Vs $15.98 Est
Portfolio Pulse from Benzinga Newsdesk
FactSet has revised its fiscal year 2024 guidance, lowering its revenue expectations to $2.18B-$2.19B from $2.20B-$2.21B, while raising its adjusted EPS forecast to $16.00-$16.40 from $15.60-$16.00. The company also adjusted its organic ASV growth and operating margin expectations.
June 21, 2024 | 11:05 am
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FactSet has revised its fiscal year 2024 guidance, lowering its revenue expectations but raising its adjusted EPS forecast. The company also adjusted its organic ASV growth and operating margin expectations.
The mixed guidance revision, with lower revenue expectations but higher adjusted EPS, suggests a neutral short-term impact on FactSet's stock price. Investors may weigh the positive EPS outlook against the reduced revenue forecast.
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