FactSet Shares Drop 4% Since Q2 Report
<p><a href='https://financialmodelingprep.com/financial-summary/FDS'>FactSet (NYSE:FDS)</a> shares fell more than 4% since the company’s reported Q2 results, with EPS of $3.80 beating the Street estimate of $3.69. Revenue was $515.1 million, roughly in line with the Street estimate of $515.48 million.</p>
<p>Despite the beat, the company slightly lowered its full-year 2023 Annual Subscription Value (ASV) and revenue guidance, reflecting a potential slowdown in the banking sector (2/3 of ASV) and lengthening the sales cycle and constrained budget (1/3 of ASV).</p>
<p>The company expects 2023 EPS in the range of $14.50-$14.90, compared to the Street estimate of $14.89. Full-year revenue is expected in the range of $2.08-2.1 billion, compared to the Street estimate of $2.09 billion.</p>

NYSE:FDS