FactSet Research Systems Inc. (NYSE:FDS) will unveil its latest earnings on Tuesday, December 18, 2012. FactSet Research Systems is a provider of integrated global financial and economic information, including fundamental financial data on tens of thousands of companies worldwide.
FactSet Research Systems Inc. Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average analyst estimate is for profit of $1.11 per share, a rise of 8.8% from the company’s actual earnings for the year-ago quarter. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. Analysts are projecting profit to rise by 8.7% compared to last year’s $4.61.
Past Earnings Performance: Last quarter, the company beat estimates by 4 cents, coming in at net income of $1.11 a share versus the estimate of profit of $1.07 a share. It marked the fourth straight quarter of beating estimates.
Earnings season is back and more important than ever. Get our newest CHEAT SHEET stock picks now
A Look Back: In the fourth quarter of the last fiscal year, profit rose 18.7% to $48.5 million ($1.07 a share) from $40.9 million (86 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 8.2% to $207.7 million from $191.9 million.
Wall St. Revenue Expectations: Analysts predict a rise of 8% in revenue from the year-earlier quarter to $212.3 million.
Analyst Ratings: There are mostly holds on the stock with seven of eight analysts surveyed giving that rating.
On the top line, the company is looking to build on two-straight revenue increases with this earnings announcement. Revenue rose 10.2% in the third quarter of the last fiscal year before climbing again in the fourth quarter of the last fiscal year of the last fiscal year.
Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 2.64 last quarter. Having a ratio above 2:1 is usually considered a good indicator of a company’s liquidity and ability to meet creditor demands. The company regressed in this liquidity measure from 3.1 in the third quarter of the last fiscal year to the last quarter driven in part by a decrease in current assets. Current assets decreased 9% to $299.1 million while liabilities rose by 6.6% to $113.2 million.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute — click here and get our CHEAT SHEET stock picks now.
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)
Don’t Miss These Additional Hot Stories: