FactSet sets medium-term outlook through fiscal 2029, reaffirms 2027 forecast
FactSet reaffirmed fiscal 2027 revenue of $2.60 billion to $2.63 billion and set a medium-term outlook through fiscal 2029, with adjusted EPS growth of about 10% a year.
Key takeaways
- FactSet (FDS) reaffirmed its fiscal 2027 outlook and set a medium-term outlook through fiscal 2029 at an Investor Day in New York on Nov. 10. The outlook calls for organic revenue compound annual growth of about 6% and an adjusted operating margin of at least 36% by fiscal 2029.
FactSet (FDS) laid out a medium-term outlook through fiscal 2029 at its Investor Day in New York while reaffirming its fiscal 2027 forecast.
Organic revenue compound annual growth of about 6% is expected over the period.
An adjusted operating margin of at least 36% by fiscal 2029 and adjusted diluted EPS compound annual growth of about 10% are also expected.
Free cash flow conversion is expected to exceed 90% of adjusted net income on average.
For fiscal 2027, organic ASV growth of 5.0% to 6.5% was reaffirmed.
Revenue is forecast at $2.60 billion to $2.63 billion. GAAP operating margin is expected at 31.0% to 32.0%, and adjusted operating margin at 34.75% to 35.25%.
GAAP diluted EPS is forecast at $17.00 to $17.50 per share, and adjusted diluted EPS at $19.25 to $19.65 per share.
Adjusted operating margin and adjusted diluted EPS exclude $85 million to $97 million, or $2.15 to $2.25 per diluted share, of amortization of intangible assets and other discrete items.