We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
FactSet (FDS) to Report Q3 Earnings: What's in the Cards?
Read MoreHide Full Article
FactSet Research Systems Inc. (FDS - Free Report) is scheduled to report third-quarter fiscal 2020 results on Jun 25, before the bell.
The company has trailing four-quarter positive earnings surprise of 6.5%, on average. FactSet’s earnings have surpassed the Zacks Consensus Estimate in all of the last four quarters.
The stock has gained 11.8% year to date, outperforming the 7.7% growth of the industry it belongs to.
Q3 Expectations
The Zacks Consensus Estimate for the to-be-reported quarter’s revenues is pegged at $377.5 million, which indicates growth of 3.6% from the year-ago quarter’s actual figure. Higher sales of analytics, wealth management, as well as content and technology solutions are likely to have benefited the top line. In second-quarter fiscal 2020, revenues of $369.8 million increased 4.2% year over year.
The consensus estimate for earnings is pegged at $2.44, which suggests year-over-year decline of 6.9%. Higher expenses related to business continuity and the pandemic are expected to have weighed on the bottom line. In second-quarter fiscal 2020, adjusted earnings of $2.55 per share increased 5.4% year over year.
What Our Model Says
Our proven model predicts an earnings beat for FactSet this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
FactSet has an Earnings ESP of +1.09% and a Zacks Rank #3.
Stocks to Consider
Here are a few stocks that investors can consider, as our model shows that these have the right combination of elements to beat on earnings this season.
CoreLogic , with an Earnings ESP of +5.05% and a Zacks Rank of 2.
Republic Services (RSG - Free Report) , with an Earnings ESP of +10.04% and a Zacks Rank #3.
Zacks’ Single Best Pick to Double
From thousands of stocks, 5 Zacks experts each picked their favorite to gain +100% or more in months to come. From those 5, Zacks Director of Research, Sheraz Mian hand-picks one to have the most explosive upside of all.
This young company’s gigantic growth was hidden by low-volume trading, then cut short by the coronavirus. But its digital products stand out in a region where the internet economy has tripled since 2015 and looks to triple again by 2025.
Its stock price is already starting to resume its upward arc. The sky’s the limit! And the earlier you get in, the greater your potential gain.
Image: Bigstock
FactSet (FDS) to Report Q3 Earnings: What's in the Cards?
FactSet Research Systems Inc. (FDS - Free Report) is scheduled to report third-quarter fiscal 2020 results on Jun 25, before the bell.
The company has trailing four-quarter positive earnings surprise of 6.5%, on average. FactSet’s earnings have surpassed the Zacks Consensus Estimate in all of the last four quarters.
The stock has gained 11.8% year to date, outperforming the 7.7% growth of the industry it belongs to.
Q3 Expectations
The Zacks Consensus Estimate for the to-be-reported quarter’s revenues is pegged at $377.5 million, which indicates growth of 3.6% from the year-ago quarter’s actual figure. Higher sales of analytics, wealth management, as well as content and technology solutions are likely to have benefited the top line. In second-quarter fiscal 2020, revenues of $369.8 million increased 4.2% year over year.
The consensus estimate for earnings is pegged at $2.44, which suggests year-over-year decline of 6.9%. Higher expenses related to business continuity and the pandemic are expected to have weighed on the bottom line. In second-quarter fiscal 2020, adjusted earnings of $2.55 per share increased 5.4% year over year.
What Our Model Says
Our proven model predicts an earnings beat for FactSet this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
FactSet has an Earnings ESP of +1.09% and a Zacks Rank #3.
Stocks to Consider
Here are a few stocks that investors can consider, as our model shows that these have the right combination of elements to beat on earnings this season.
Kforce (KFRC - Free Report) , with an Earnings ESP of +24.53% and a Zacks Rank of 2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
CoreLogic , with an Earnings ESP of +5.05% and a Zacks Rank of 2.
Republic Services (RSG - Free Report) , with an Earnings ESP of +10.04% and a Zacks Rank #3.
Zacks’ Single Best Pick to Double
From thousands of stocks, 5 Zacks experts each picked their favorite to gain +100% or more in months to come. From those 5, Zacks Director of Research, Sheraz Mian hand-picks one to have the most explosive upside of all.
This young company’s gigantic growth was hidden by low-volume trading, then cut short by the coronavirus. But its digital products stand out in a region where the internet economy has tripled since 2015 and looks to triple again by 2025.
Its stock price is already starting to resume its upward arc. The sky’s the limit! And the earlier you get in, the greater your potential gain.
Click Here, See It Free >>