FactSet Reaffirmed FY24 Revenue of $2.20B-$2.21B Vs $2.21B Est, Adj EPS of $15.60-$16.00 Vs $15.94 Est

Author: Benzinga Newsdesk | March 21, 2024 07:05am

Annual Business Outlook

FactSet is reaffirming its outlook for fiscal 2024, originally provided on December 19, 2024, but anticipates finishing fiscal 2024 at the lower end of the guidance range for Organic ASV plus professional services growth and GAAP revenues. The following forward-looking statements reflect FactSet's expectations as of today's date. Given the risk factors, uncertainties, and assumptions discussed below, actual results may differ materially. FactSet does not intend to update its forward-looking statements prior to its next quarterly results announcement.

Fiscal 2024 Expectations

• Organic ASV plus professional services is expected to grow in the range of $110 million to $150 million during fiscal 2024 This represents ASV growth of 6% at the midpoint.
• GAAP revenues are expected to be in the range of $2,200 million to $2,210 million.
• GAAP operating margin is expected to be in the range of 32.5% to 33.0%.
• Adjusted operating margin is expected to be in the range of 36.3% to 36.7%.
• FactSet's annual effective tax rate is expected to be in the range of 16.5% to 17.5%.
• GAAP diluted EPS is expected to be in the range of $13.95 to $14.35.
• Adjusted diluted EPS is expected to be in the range of $15.60 to $16.00.

Posted In: FDS