FactSet forecasts fiscal 2027 revenue, profit below estimates
FDS•FactSet forecast fiscal 2027 revenue of $2.600 billion to $2.625 billion and adjusted earnings of $19.25 to $19.65 per share, both below analyst expectations. Fourth-quarter adjusted earnings per share were $4.52, above the $4.33 estimate.
1. Fiscal 2027 outlook
FactSet forecast annual revenue of $2.600 billion to $2.625 billion, with the midpoint slightly below analysts’ average estimate of $2.616 billion. It expects adjusted profit of $19.25 to $19.65 per share, below analysts’ expectation of $19.68. Its shares fell about 3% in premarket trading.
2. Quarterly results and ASV
FactSet reported fourth-quarter adjusted earnings of $4.52 per share for the quarter ended August 31, above analysts’ average estimate of $4.33. Organic annual subscription value rose 7% to $2.57 billion. Shares had shed more than 10.4% so far this year as concerns about AI’s potential effect on the financial data and analytics industry weighed on investor sentiment; analysts said FactSet remains protected by proprietary datasets and has been investing in AI products and capabilities.
