FactSet (NYSE:FDS) earnings for fiscal second quarter of 2020 have FDS stock taking off on Thursday. That’s thanks to its adjusted earnings per share (EPS) of $2.55, which is better than Wall Street’s estimate of $2.49. However, the financial data and software company’s revenue of $369.78 million is below analysts’ estimates of $370.08 million.
Now, let’s take a more in-depth look at the most recent FactSet earnings report.
- Adjusted EPS is up 5.37% compared to $2.42 during the same time last year.
- Revenue comes in 4.19% higher than the $354.9 million reported in fiscal Q2 2019.
- Operating income of $106.26 million is a 2.24% decrease year-over-year from $108.69 million.
- The FactSet earnings report also has it bringing in a net income of $88.69 million.
- That’s a 4.71% increase compared to its net income of $84.7 million in the same period of the year prior.
Phil Snow, chief executive officer of FactSet, said the following about the FDS stock earnings:
“We performed well in our second quarter and continued to execute successfully against our three-year investment plan. I am most proud, however, of the way the FactSet community has united to support its members and our clients during this challenging period. While we proceed with caution for the remainder of the year due to the heightened impact and uncertainty surrounding the coronavirus pandemic, our commitment to our team and our clients remains absolute.”
The FactSet earnings report also includes its fiscal 2020 outlook. This has it expecting adjusted per-share earnings between $9.85 and $10.15 on revenue of between $1.49 billion and $1.50 billion. Wall Street’s estimate is for adjusted EPS of $10.02 on revenue of $1.49 billion.
FDS stock was up 10.67% as of Thursday afternoon.
As of this writing, William White did not hold a position in any of the aforementioned securities.