FactSet (FDS) To Report Q1 Earnings: What's In The Cards?
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FactSet Research Systems Inc. (FDS - Free Report) will report first-quarter fiscal 2022 results on Dec 21, before the bell.
The company surpassed the Zacks Consensus Estimate in two of the last four quarters and missed the same in the other two. FactSet has a trailing four-quarter earnings surprise of 2.4%, on average.
Expectations This Time Around
The consensus mark for FactSet’s revenues in the to-be-reported quarter is pegged at $419.5 million, indicating 8.1% growth from the year-ago quarter’s reported figure. The top line is expected to have been driven by higher sales of analytics, content, research and technology solutions.
The bottom line is expected to have been aided by higher revenues. The Zacks Consensus Estimate is at $2.99 per share, suggesting a 3.8% year-over-year rise.
What Our Model Says
Our proven Zacks model does not conclusively predict an earnings beat for FactSet this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold), increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
FactSet has an Earnings ESP of 0.00% and carries a Zacks Rank 2.
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