FactSet (FDS) Tops Q2 EPS by 6c

FactSet (NYSE: FDS) reported Q2 EPS of $2.55, $0.06 better than the analyst estimate of $2.49. Revenue for the quarter came in at $369.8 million versus the consensus estimate of $370.08 million.

GUIDANCE:

• FactSet provided its outlook for fiscal 2020 on September 26, 2019. Given the risk factors, uncertainties, and assumptions discussed below, particularly the ongoing uncertainty surrounding the duration, magnitude, and impact of the novel coronavirus pandemic, FactSet’s actual future results may differ materially from these expectations. FactSet currently does not intend to update its forward-looking statements until its next quarterly results announcement other than in publicly available statements.

FactSet sees FY2020 EPS of $9.85-$10.15, versus the consensus of $10.02. FactSet sees FY2020 revenue of $1.49-1.5 billion, versus the consensus of $1.49 billion.

• Organic ASV plus professional services is now expected to increase in the range of $50 million and $75 million over fiscal 2019. The change in the anticipated range reflects the current expected business impact resulting from the coronavirus pandemic.
• GAAP revenue is expected to be in the range of $1.49 billion and $1.50 billion.
• GAAP operating margin is expected to be in the range of 28.5% and 29.5%.
• Adjusted operating margin is expected to be in the range of 31.5% and 32.5%.
• Annual effective tax rate is expected to be in the range of 17.0% and 17.5%.
• GAAP diluted EPS is expected to be in the range of $8.70 and $9.00. Adjusted diluted EPS is expected to be in the range of $9.85 and $10.15.

For earnings history and earnings-related data on FactSet (FDS) click here.

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