logo
Plus   Neg
Share
Email

FactSet Updates FY19 Expectations - Quick Facts

FactSet (FDS) updated its GAAP EPS and adjusted EPS outlook for fiscal 2019. GAAP EPS is now expected to be in the range of $8.70 and $8.85. Adjusted EPS is now expected to be in the range of $9.50 and $9.65. The mid-point of the guidance represents a 12% growth over the prior year. In December 2018, the company projected: GAAP EPS to be in the range of $8.70 and $8.90; and adjusted EPS in the range of $9.45 and $9.65.

For fiscal 2019, the company continues to expect: organic Annual Subscription Value plus professional services to increase in the range of $75 million and $90 million over fiscal 2018; and GAAP revenues in the range of $1.41 billion and $1.45 billion.

For the second-quarter, earnings per share increased to $2.19 compared with $1.33, a year ago. Adjusted EPS rose 14.2% to $2.42 compared with $2.12 in the prior period driven primarily by stronger operating results, the company said.

For the second-quarter, Annual Subscription Value plus professional services increased to $1.44 billion at February 28, 2019 compared with prior year of $1.37 billion. Second-quarter organic ASV plus professional services grew $21.0 million over prior year. The organic growth rate was 6.0%, for the quarter.

For the second-quarter, revenues increased 5.9% to $354.9 million compared with $335.2 million, prior year. The company said the increase is primarily due to higher sales of analytics, content and technology solutions (CTS) and wealth management solutions. Organic revenues grew 5.7% to $356.5 million, during the quarter.

FactSet repurchased 214,945 shares for $44.1 million during the second quarter under the existing share repurchase program. Under the program, $137.2 million is currently available for share repurchases.

For comments and feedback contact: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Comcast Corp. on Thursday reported a 14 percent increase in profit for the first quarter from last year on a double-digit growth in revenues. Adjusted earnings per share for the quarter beat analysts' expectations, while revenues missed their estimates. Total customer relationships increased by 3.6 percent to 30.7 million in the quarter and include net additions of 300,000. French banking major Societe Generale's covered bond vehicle Societe Generale SFH has issued 100-million euros-covered bond as a security token on the Ethereum blockchain. In a statement, the lender said, "obligations de financement de l'habitat" or OFH Tokens, backed by covered bonds, have been rated Aaa / AAA by Moody's and Fitch and have been fully subscribed by the parent. Ford Motor Co. plans to invest $500 million in electric truck maker Rivian, the companies said Wednesday. They will also work together to develop an all-new battery electric vehicle for Ford using Rivian's skateboard platform. Ford's investment comes just months after Rivian revealed two new products, an all-electric pickup and SUV.
Follow RTT