FactSet Research Systems Earnings: Powering Ahead

FactSet Research Systems Inc. (NYSE:FDS) reported net income above Wall Street’s expectations for the fourth quarter. FactSet Research Systems is a provider of integrated global financial and economic information, including fundamental financial data on tens of thousands of companies worldwide.

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FactSet Research Systems Inc. Earnings Cheat Sheet

Results: Net income for FactSet Research Systems Inc. rose to $48.5 million ($1.08 per share) vs. $40.9 million (88 cents per share) in the same quarter a year earlier. This marks a rise of 18.7% from the year-earlier quarter.

Revenue: Rose 8.2% to $207.7 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: FactSet Research Systems Inc. reported adjusted net income of $1.18 per share. By that measure, the company beat the mean estimate of $1.04 per share. It beat the average revenue estimate of $202.9 million.

Quoting Management: “FactSet continues to generate shareholder value as illustrated by our double-digit EPS growth in the quarter,” says Philip Hadley, Chairman and CEO. “Investments in our products have helped us expand market share. We added 57 net new clients and 1,100 new users in the past three months. We were also pleased to acquire StreetAccount in June 2012, a leader in timely and informative news summaries for the investment community.”

Key Stats:

The company has now seen its net income rise for three quarters in a row. In the third quarter, net income rose 10.8% and in the second quarter, the figure rose 3.3%.

Revenue has increased for four consecutive quarters. Revenue increased 10.2% to $202.3 million in the third quarter. The figure rose 12.2% in the second quarter from the year earlier and climbed 13.4% in the first quarter from the year-ago quarter.

For three consecutive quarters, the company has topped analyst estimates. It beat the mark by 5 cents in the third quarter and by 2 cents in the second quarter.

Looking Forward: Analysts appear increasingly optimistic about the company’s results for the next quarter. The average estimate for the first quarter of the next fiscal year has moved up from $1.07 a share to $1.08 over the last ninety days. Over the past three months, the average estimate for the fiscal year has climbed from $4.09 per to share to $4.14.

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(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)

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