What To Expect From FactSet Research (FDS) In Q1 Earnings?
Zacks Investment Research | Dec 15, 2017 02:30AM ET
FactSet Research Systems Inc. (NYSE:FDS) is set to report fiscal first-quarter 2018 results on Dec 19. Last quarter, the company delivered a positive earnings surprise of 0.53%. Notably, the stock has surpassed the Zacks Consensus Estimate in all the trailing four quarters. It has an average positive earnings surprise of 1.14%.
Let’s see how things are shaping up for this announcement.
Factors to Consider
FactSet, a provider of global online integrated data-related products and services for the investment community (primarily bankers, investment managers and brokerage firms), is consistent with product innovation, which is a positive for its top line. According to technavio, the Global Business Information market is projected to witness CAGR of 5.2% from 2017 to 2021 and we expect the company to enjoy the growth prospects.
Moreover, the company’s acquisitions of Portware, Revere Data, Matrix Data, Code Red and BISAM Technologies S.A are anticipated to enhance its product suite and aid it to evolve as a global financial database company.
FactSet Research Systems Inc. Price and EPS Surprise
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