FactSet forecasts fiscal 2027 revenue, profit below estimates

By Reuters News

Sept 30 (Reuters) - Financial data firm FactSet FDS.N forecast fiscal 2027 revenue and profit slightly below analysts' expectations on Wednesday, sending its shares down about 3% in premarket trading.


Here are some more details:

  • FactSet forecast annual revenue of $2.600 billion to $2.625 billion, with the midpoint slightly below analysts' average estimate of $2.616 billion, according to data compiled by LSEG.

  • Expects adjusted profit of $19.25 to $19.65 per share, below analysts' expectation of $19.68.

  • Shares of FactSet have shed more than 10.4% so far this year as concerns that advances in AI could disrupt the traditional financial data and analytics industry weighed on investor sentiment.

  • Analysts, however, say FactSet remains well protected by its proprietary datasets, and note that the company has been investing heavily in AI products and capabilities to strengthen its competitive position.

  • However in a bright spot, the Norwalk, Connecticut-based company posted adjusted earnings per share of $4.52 for the fourth quarter ended August 31, above analysts' average estimate of $4.33.

  • Organic annual subscription value (ASV), an indicator of revenue potential from subscriptions for the next 12 months, rose 7% to $2.57 billion.

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.