Categories Earnings, Finance

FDS Earnings: Highlights of FactSet’s Q4 2023 report

FactSet Research Systems Inc. (NYSE: FDS), a leading provider of data analytics services, has reported a decline in fourth-quarter adjusted profit, despite an increase in revenues.

  • Fourth-quarter revenues increased 7.3% year-over-year to $535.8 million; organic revenue was up 7.2%
  • Q4 operating margin was 21.9%, down 460 bps from last year; adjusted operating margin rose by 210 bps
  • On a per-share basis, earnings came in at $1.68, down 37.5% from the prior year; adjusted EPs dropped 6.4% to $2.93
  • For fiscal 2024, the company forecasts ASV plus professional services growth between 6% and 8%
  • Full-year revenue is expected to grow in the range of 6% to 7%; adjusted operating margin is seen growing 10-50 bps
  • The management expects adjusted earnings per share to increase in the 6.5-10% range in FY24

Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.

Most Popular

DG Earnings Preview: What to look for when Dollar General reports Q3 results

Discount store chain Dollar General Corporation (NYSE: DG) will be reporting third-quarter results next week. Operating nearly 20,000 stores across the US, it is one of the largest supermarket chains

Dollar Tree (DLTR): A few points to note about the discount retailer’s Q3 performance

Shares of Dollar Tree, Inc. (NASDAQ: DLTR) were up over 1% on Thursday. The stock has dropped 13% year-to-date. The discount retailer delivered third-quarter 2023 earnings results that did not

KR Earnings: Key quarterly highlights from Kroger’s Q3 2023 financial results

The Kroger Co. (NYSE: KR) reported its third quarter 2023 earnings results today. Total company sales were $34 billion compared to $34.2 billion for the same period last year. Identical sales

Add Comment
Viewing Highlight