FactSet Research Systems (NYSE:FDS) reported its Q2 earnings results on Thursday, March 24, 2022 at 07:30 AM.
Here's what investors need to know about the announcement.
Earnings
FactSet Research Systems beat estimated earnings by 10.1%, reporting an EPS of $3.27 versus an estimate of $2.97.
Revenue was up $39.33 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.26 which was followed by a 0.55% increase in the share price the next day.
Here's a look at FactSet Research Systems's past performance:
| Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|
| EPS Estimate | 2.99 | 2.72 | 2.74 | 2.74 |
| EPS Actual | 3.25 | 2.88 | 2.72 | 2.72 |
| Revenue Estimate | 419.13M | 404.97M | 397.92M | 391.46M |
| Revenue Actual | 424.73M | 411.89M | 399.56M | 391.79M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
FactSet Research Systems management provided guidance for their next quarter, expecting earnings between $12.75 and $13.15 per share for the next quarter.
This represents a 296.02% in quarter-over-quarter growth for FactSet Research Systems, a bullish signal to many investors.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
