FMP

FMP

Enter

FactSet Research Systems Inc. (FDS) Surpasses Earnings and Revenue Estimates

- (Last modified: Dec 20, 2024 10:53 AM)

twitterlinkedinfacebook
blog post cover photo

Image credit: Google Images

  • Earnings Per Share (EPS) of $4.37, surpassing both the estimated $4.25 and the Zacks Consensus Estimate of $4.30.
  • Revenue reached approximately $568.7 million, exceeding the estimated $565.1 million.
  • FactSet demonstrates strong valuation with a price-to-earnings (P/E) ratio of 34.69 and a price-to-sales ratio of 8.38.

FactSet Research Systems Inc. (NYSE:FDS) is a leading provider of integrated financial information and analytical applications. The company serves investment professionals worldwide, offering data and software solutions to help them make informed decisions. FactSet competes with other financial data providers like Bloomberg and Thomson Reuters, striving to deliver superior insights and analytics.

On December 19, 2024, FactSet reported earnings per share (EPS) of $4.37, surpassing the estimated $4.25. This result also exceeded the Zacks Consensus Estimate of $4.30 per share, showcasing the company's ability to outperform market expectations. Compared to the previous year's EPS of $4.12, FactSet demonstrates consistent growth in its earnings.

FactSet's revenue for the quarter reached approximately $568.7 million, exceeding the estimated $565.1 million. This revenue growth reflects the company's strong market position and effective business strategies. FactSet's financial metrics, such as a price-to-earnings (P/E) ratio of 34.69 and a price-to-sales ratio of 8.38, indicate a robust valuation in the market.

The company's enterprise value to sales ratio is around 8.94, and its enterprise value to operating cash flow ratio is approximately 31.57. These figures suggest that FactSet is efficiently utilizing its resources to generate revenue and cash flow. The earnings yield of 2.88% further highlights the company's profitability.

FactSet maintains a debt-to-equity ratio of approximately 0.78, indicating a moderate level of debt relative to its equity. This suggests a balanced approach to financing its operations. Additionally, with a current ratio of 1.39, FactSet has a reasonable level of liquidity to cover its short-term liabilities, ensuring financial stability.

Other Blogs

Dec 19, 2024 11:05 AM - Rayan Ahmad

The Hanover Insurance Group, Inc. (NYSE: THG) Receives "Outperform" Rating Amid Investigation

The Hanover Insurance Group, Inc. (NYSE: THG) is a prominent player in the insurance industry, offering a range of property and casualty insurance products. On December 19, 2024, BMO Capital updated its rating for THG to "Outperform," indicating a positive outlook for the stock. At the time, THG was...

blog post title

Dec 19, 2024 12:12 PM - Andrew Wynn

Snapchat Expands Revenue-Sharing Program to Boost Creator Earnings

Snapchat, listed on the NYSE as SNAP, is expanding its revenue-sharing program to offer top creators more ways to earn money. This move is designed to boost monetization options, potentially increasing both earnings and engagement for creators on the platform. By enhancing these opportunities, Snapc...

blog post title
FMP

FMP

Financial Modeling Prep API provides real time stock price, company financial statements, major index prices, stock historical data, forex real time rate and cryptocurrencies. Financial Modeling Prep stock price API is in real time, the company reports can be found in quarter or annual format, and goes back 30 years in history.
twitterlinkedinfacebookinstagram
2017-2024 © Financial Modeling Prep