This year FactSet Research (FDS) shares are up over 20%. The American multinational provider of information and analytics to financial service companies has grown in revenue over each of the past eight quarters.
FactSet Research is expected to give its next earnings report for FQ2 2014 on Wednesday, December 18th. The information below is derived from data submitted to the Estimize platform by a set of Buy Side and Independent analyst contributors.
The current Wall Street consensus expectation is for FDS to report $1.23 EPS and $224.05M revenue while the current Estimize consensus from Buy Side and Independent contributing analysts is $1.24 EPS and $224.42M revenue. The magnitude of the difference between the Wall Street and Estimize consensus numbers often identifies opportunities to take advantage of expectations that may not have been priced into the market. In this case, we're seeing a smaller differential between the Estimize and Wall Street numbers.
Over the past four months the Wall Street consensus trend for EPS has increased from $1.22 to $1.23 while over the same period the revenue expectation has declined from $224.58M to $224.05M. The Estimize EPS consensus for revenue has recently fallen slightly from $224.66M to $224.42M.
Over the previous six quarters, FDS has beaten the Wall Street consensus for EPS four times and has beaten the consensus for revenue once. Over the three quarters for which there is sufficient data FDS has never beaten the Estimize consensus on EPS but has exceeded the Estimize consensus for revenue once.
The distribution of estimates published by analysts on Estimize range from $1.24 to $1.25 EPS and $223.7M to $225.00M in revenues. For the upcoming quarter we are seeing a narrower than normal distribution of estimates. The size of the distribution of estimates relative to previous quarters often signals whether or not the market is confident that it has priced in the expected earnings already. A narrower distribution signaling the potential for less volatility post earnings, or wider vice versa.
The analyst with the highest estimate confidence rating this quarter is elebovic who projects a $1.24 EPS and $225.00M in revenue. Estimate confidence ratings are calculated through algorithms developed by our deep quantitative research which looks at correlations between analyst track records and tendencies as they relate to future accuracy. elebovic who is ranked 75th overall among over 3,300 contributing analysts is making a call in-line with the community expectation for EPS but he expects more revenue from the data and analytics company.
This quarter the Estimize community is expecting a slightly better than Wall Street report on the top and bottom lines for FactSet Research.