Recap: FactSet Research Systems Q2 Earnings

FactSet Research Systems FDS reported its Q2 earnings results on Thursday, March 24, 2022 at 07:30 AM.

Here's what investors need to know about the announcement.

Earnings

FactSet Research Systems beat estimated earnings by 10.1%, reporting an EPS of $3.27 versus an estimate of $2.97.

Revenue was up $39.33 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.26 which was followed by a 0.55% increase in the share price the next day.

Here's a look at FactSet Research Systems's past performance:

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

FactSet Research Systems management provided guidance for their next quarter, expecting earnings between $12.75 and $13.15 per share for the next quarter.

This represents a 296.02% in quarter-over-quarter growth for FactSet Research Systems, a bullish signal to many investors.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.