FMP
Mar 25, 2022(Last modified: Dec 19, 2023)
FactSet Research Systems Inc. (NYSE:FDS) reported its Q2 results, with EPS of $3.27 coming in better than the consensus estimate of $2.97. Revenue came in at $431.1 million, beating the consensus estimate of $426.38 million, driven by higher sales of research and advisory and analytics solutions. Organic revenue growth accelerated from 9.1% year-over-year last quarter to 9.9%.
The company raised its guidance for the full 2022-year, now expecting EPS to range from $12.75 to $13.15, above the consensus estimate of $12.55. Revenue is expected to be in the range of $1.8-$1.83 billion, compared to the consensus estimate of $1.74.
The company has suspended its buyback until fiscal H2/23 to prioritize the repayment of debt.
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