FactSet earnings beat Q2 estimate; shares fall

FactSet Research Systems

20/03/2025 17:31

** Shares of financial data provider FactSet fall 1.7% to $430.93

** Co reports 4.5% rise in Q2 revenue to $570.7 mln; organic annual subscription value (ASV) rises 4.1% to $2.28 bln during the quarter

** ASV indicates the revenue potential for the next 12 months from subscription services

** Lowest ASV growth rate since Q1 FY2020 and the eighth consecutive quarter of deceleration - Raymond James analysts

** Brokerage rates FDS "underperform"

** Co reports Q2 adj profit of $4.28/share, beating analysts' avg. estimate of $4.16 - data compiled by LSEG

** Three of 21 brokerages rate the stock "buy", 12 "hold", and 6 rate "sell" or lower; median PT is $452 - data compiled by LSEG

** Stock down over 10.3% YTD, including session moves; it rose 0.7% in 2024

 (Reporting by Ateev Bhandari in Bengaluru)

 ((Ateev.Bhandari@thomsonreuters.com;))