FactSet: Midpoint Of Q4 Adj. EPS Guidance Represents 12.6% Growth YoY

(RTTNews) - FactSet Research Systems Inc. (FDS), a provider of integrated financial information and analytical applications, announced the company expects its fourth-quarter adjusted EPS to range between $1.68 and $1.72. The midpoint of the adjusted EPS range represents 12.6% growth over the prior year. GAAP EPS is expected to be in a range between $1.61 and $1.65. FactSet expects fourth-quarter revenues to range between $292 million and $298 million. The company noted that its fourth-quarter expectations include the Market Metrics business for the full quarter.

Analysts polled by Thomson Reuters expect the company to report profit per share of $1.67 on revenue of $293.81 million. Analysts' estimates typically exclude special items.

FactSet expects the Market Metrics transaction to close in fourth quarter, at which time an updated guidance for the fourth quarter will be provided.

For the third quarter, net income was $66.8 million compared to $61.4 million a year ago. Earnings per share were $1.62 compared to $1.45. Adjusted earnings per share rose 12.3% to $1.64. On average, 15 analysts polled by Thomson Reuters expected the company to report profit per share of $1.61 for the quarter.

For the third quarter, revenues grew to $287.5 million. Analysts expected revenue of $287.66 million for the quarter. Excluding revenues acquired from acquisitions completed within the last 12 months and the effects of foreign currency, organic revenues grew 9.0%.