FactSet Research Systems Press Release: Q4 Non-GAAP EPS Misses by $0.08

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FDS Intrinsic Value – FACTSET($NYSE:FDS): For the fourth quarter, the Company reported Non-GAAP earnings per share of $3.13 on revenue of $499.3 million. “We are pleased to have delivered fourth quarter results in line with our expectations, capping off a solid year for FactSet,” said Philip Snow, Chief Executive Officer of FactSet.

Earnings

FACTSET RESEARCH SYSTEMS recently released their earnings report for the third quarter of their 2022 fiscal year. In the report, they announced that their total revenue for the quarter was $1756.5 million, and their net income was $393.6 million. This represents a 10.4% increase in total revenue and a 1.5% decrease in net income from the same quarter last year. Over the last three years, FACTSET RESEARCH SYSTEMS’ total revenue has increased from $1494.1 million to $1756.5 million.

Market Price

On Thursday, the stock opened at $413.0 and closed at $394.8, a drop of 8.3% from its previous closing price of 430.4. This decrease may be due to concerns about the company’s financial future. Some analysts believe that the company’s recent acquisition of Eikon from Thomson Reuters may not be profitable in the long run.

There are also worries that the company’s products may not be able to compete with newer, more innovative offerings from its rivals. Despite these concerns, FACTSET remains a strong company with a long history of success.

VI Analysis – FDS Intrinsic Value

FactSet Research Systems is a provider of financial data and analytics. The company’s fundamentals reflect its long term potential. The intrinsic value of FactSet Research Systems’ share is around $383.6, calculated by VI Line. Now FactSet Research Systems’ stock is traded at $394.8, a fair price overvalued by 3%.

Summary

FactSet Research Systems Inc. missed fourth-quarter earnings estimates by 8 cents a share, as the data and analytics company saw higher costs offset strong revenue growth. FactSet has been benefiting from strong demand for its financial data and analytics products, as more and more investors turn to data to make investment decisions. However, the company has been facing higher costs, including employee compensation and investment in new products.