FactSet to Report Q2 Earnings This Wednesday

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Summary · why it matters

FactSet is scheduled to report its second-quarter earnings this Wednesday before market hours. Last quarter, the company reported revenues of $611 million, up 7.1% year on year, beating analysts' revenue expectations. For the upcoming quarter, the market expects FactSet's revenue to grow 5.2% year on year, in line with the 5.9% increase recorded in the same quarter last year. Analysts have generally reconfirmed their estimates over the last 30 days, and FactSet rarely misses Wall Street's revenue estimates. The stock is down 14.2% over the last month, heading into earnings with an average analyst price target of $252.25 compared to the current share price of $232.45.

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