FactSet Research Systems (NYSE:FDS), a financial data and technology company, is scheduled to announce its Q3 earnings on June 23. Consensus estimates project earnings per share at $4.30, a slight decrease from $4.37 a year earlier, while revenues are expected to rise 5.1% year-over-year to $580.7 million, driven by increased demand from wealth and institutional clients.
The company currently has a market capitalization of $16 billion and reported $2.3 billion in revenue over the past twelve months, with operating profits of $711 million and net income of $543 million. Historical data indicates that FactSet’s stock has shown positive one-day post-earnings returns 50% of the time over the past five years, with a median return of 3.6% for positive returns.
