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Feb 28, 2021
FactSet Q2 2021 Earnings Report
Reported solid results with revenue increasing and EPS rising.
Key Takeaways
FactSet reported a 6% increase in revenue to $391.8 million and an 9% increase in EPS to $2.50 for the second quarter of 2021. The company's organic ASV plus professional services grew by 5.5%. FactSet has increased the lower end of its organic ASV plus professional services outlook to $70 million from $55 million.
Revenue increased 6.0% to $391.8 million compared to the same period in fiscal 2020.
Operating margin increased to 29.6% compared to 28.7% for the same period last year.
Diluted earnings per share (EPS) increased 8.7% to $2.50 compared to $2.30 for the same period in fiscal 2020.
FactSet increased the lower end of its organic ASV plus professional services outlook to $70 million from $55 million.
Revenue by Geographic Location
Forward Guidance
FactSet provided its outlook for fiscal 2021 on September 24, 2020 and has updated this outlook today.
Positive Outlook
- Organic ASV plus professional services is now expected to increase in the range of $70 million and $85 million over fiscal 2020.
- GAAP revenue is expected to be in the range of $1,570 million and $1,585 million.
- GAAP operating margin is expected to be in the range of 29.5% and 30.5%.
- Adjusted operating margin is expected to be in the range of 32.0% and 33.0%.
- FactSet's annual effective tax rate is expected to be in the range of 15.0% and 16.5%.
Challenges Ahead
- Given the risk factors, uncertainties, and assumptions discussed below, actual results may differ materially, particularly with the ongoing uncertainty surrounding the duration, magnitude, and impact of the novel coronavirus pandemic.
- GAAP diluted EPS is expected to be in the range of $10.05 and $10.45.
- Adjusted diluted EPS is expected to be in the range of $10.75 and $11.15.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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