FactSet Research Systems Inc
FDS: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| $328.00 | Qqkzg | Bfkytzdv |
FactSet Earnings: Good Fiscal First Quarter, but Lower Outlook Disappoints
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FactSet's fiscal 2024 is off to a solid start. Fiscal first-quarter revenue of $542 million and adjusted earnings per share of $4.12 edged out the FactSet consensus estimates of $540 million and $4.11, respectively. Organic revenue growth of 7.2% was consistent with 7.2% in the prior quarter. However, the firm is seeing elongated sales cycles, and as a result, it lowered its outlook. We will maintain our narrow moat rating and $390 fair value estimate and regard the shares as modestly overvalued.