Earnings of the week 17Jun24 - How will Factset fare?
Earnings Calendar (17Jun24)
The interesting earnings for the coming week are Accenture, Jabil and FactSet.
Let us look at FactSet. Who is Factset (taken from QuickFS)?
FactSet Research Systems Inc., a financial data company, provides integrated financial information and analytical applications to the investment community in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company delivers insight and information through the workflow solutions of research, analytics and trading, content and technology solutions, and wealth. It serves portfolio managers, investment banks, asset managers, wealth advisors, corporate clients, and other financial services entities. FactSet Research Systems Inc. was founded in 1978 and is headquartered in Norwalk, Connecticut.
Investing recommends a “Strong Sell” rating. The price is currently on a downtrend, having fallen 4.87% from a year ago.
Observations about FACTSET:
Revenue grew from $920 million in 2014 to $2.08 billion in 2023, a doubling of revenue over 10 years.
Operating profit grew from $302 million in 2014 to $655 million in 2023.
The earnings per share grew from $4.92 in 2014 to $12.04 in 2023.
The gross profit 10-year median margin stands at a good 53.5%.
The price-earning P/E ratio stands at 31.4.
The 10-year median margin for free cash flow (FCF) stands at a strong 26.6%
The forecast of FactSet’s coming earnings is $3.90 for EPS and $552.78M for revenue.
Will FactSet be able to beat the earnings and reverse the decline?
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