One of my Buy List stocks, FactSet Research Systems (FDS), just reported another strong quarter. For the May quarter, which is the company's fiscal third quarter, FactSet earned 73 cents a share which was a penny better than estimates. Revenues rose 4.7% to $154.4 million which was slightly below the Street’s consensus.
For Q4, FDS sees earnings coming in between 73 cents and 75 cents a share, and revenues between $152 and 157 million. The Street was expecting 72 cents on $155.45 million.
FactSet said its operating margins and free cash flow rose even though they lost 34 clients last quarter. Client count is now at 2,033. The company also recently raised its quarterly dividend to 20 cents a share from 18 cents. This is an excellent stock to own.
Here's a look at FDS' recent quarterly results with the red bar being my forecast for this quarter.
Disclosure: Long FDS