FactSet Research Systems Inc

FDS: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$573.00	Sdfwlf	Fybdhbtj

FactSet Earnings: Performance Robust But Modest Softness Weighs on the Stock’s Earnings Multiple

Rajiv Bhatia

Jun 22, 2023

Narrow-moat FactSet is performing steadily from an operating perspective. Fiscal third-quarter revenues of $530 million and adjusted EPS of $3.79 edged out the FactSet consensus estimates of $528 million and $3.61, respectively. With FactSet trading at approximately 26 times adjusted 2024 earnings prior to its earnings release, the market is not forgiving for modestly lower revenue guidance. We will maintain our fair value estimate of $365 per share and regard shares as modestly overvalued.

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