FactSet Research Systems Earnings Cheat Sheet: Profit Rises for Third Straight Quarter

Read Trending Stories

Today's Trending Stocks

Click a Company to Research Now:

FactSet Research Systems Inc. (NYSE:FDS) reported its results for the fourth quarter. FactSet Research Systems Inc. is a provider of integrated global financial and economic information, including fundamental financial data on tens of thousands of companies worldwide.

Investing Insights: Steve Jobs Prepares to Deliver a New Catalyst for Apple’s Stock.

FactSet Research Systems Earnings Cheat Sheet for the Fourth Quarter

Results: Net income for FactSet Research Systems Inc. rose to $40.9 million (88 cents per share) vs. $39.3 million (83 cents per share) in the same quarter a year earlier. This marks a rise of 4% from the year earlier quarter.

Revenue: Rose 14.1% to $191.9 million from the year earlier quarter.

Actual vs. Wall St. Expectations: FDS reported adjusted net income of 96 cents per share. By that measure, the company beat the mean estimate of 95 cents per share. Analysts were expecting revenue of $190.3 million.

Quoting Management: “Our positive fourth quarter results continue to demonstrate the success FactSet is having in the marketplace,” said Philip A. Hadley, Chairman and Chief Executive Officer. “In the fourth quarter, ASV grew $37 million, a quarterly record. In the past 12 months, our annual revenue growth rate improved 600 basis points to 14%, illustrative of our growing market share.”

Key Stats:

The company has now seen net income rise in three straight quarters. In the third quarter, net income rose 12% and in the second quarter, the figure rose 25.3%.

Revenue has risen the past four quarters. Revenue increased 14.6% to $183.6 million in the third quarter. The figure rose 12.9% in the second quarter from the year earlier and climbed 11.6% in the first quarter from the year-ago quarter.

The company beat estimates last quarter after being in line with expectations in the third quarter with net income of 92 cents per share.

Competitors to Watch: MSCI Inc. (NYSE:MSCI), Morningstar, Inc. (NASDAQ:MORN), Thomson Reuters Corp. (NYSE:TRI), EDGAR Online, Inc. (NASDAQ:EDGR), The McGraw-Hill Companies, Inc. (NYSE:MHP), Envestnet, Inc. (NYSE:ENV), IHS Inc. (NYSE:IHS), News Corporation (NASDAQ:NWSA), JPMorgan Chase & Co. (NYSE:JPM), and Lehman Brothers Hldgs. Inc. (LEHMQ).

Investing Insights: Steve Jobs Prepares to Deliver a New Catalyst for Apple’s Stock.

(Source: Xignite Financials)

 

Get Your FREE Special Report: 4 Things You Must Know About the US Economy Now!

Do You Want More Profits? Wall St. Cheat Sheet Premium newsletter subscribers have been crushing the markets with winning stock picks.

Click here now for your FREE trial to our acclaimed flagship newsletter:

Learn More

Advertisement:
Improve your Investing Portfolio with Wall St Cheat Sheet Premium

Intelligent Investing

Wall St. Cheat Sheet Premium

Tired of wasting time and money sifting through the noise on TV, websites, and Twitter? Get winning stock picks now.

Gold & Silver Premium

Join Chicago Mercantile Exchange commentator Eric McWhinnie as he covers Gold & Silver for you.

Commodities Premium

Commodities are heating up. This is an investment newsletter you'll need to win in the bull market.

Wall St. Cheat Sheet has been featured in these fine media outlets: