FactSet Research Systems Inc. FDS reported mixed results for third-quarter fiscal 2017. Adjusted earnings came ahead of the Zacks Consensus Estimate, while revenues missed the same.
The company reported adjusted earnings per share of $1.85, which surpassed the Zacks Consensus Estimate by a penny. The figure was toward the higher end of the guided range of $1.80 to $1.86 per share. Moreover, adjusted earnings improved 12.8% on a year-over-year basis. On a GAAP basis, the company reported earnings per share of $1.66 compared with $1.62 from the year-ago quarter. Notably, FactSet has underperformed the Zacks Categorized Business Information Services industry. The company has gained just 1.4% on a year-to-date basis while the industry has grown 17.3% in the same time frame.
FactSet’s revenues of $312.1 million increased 8.6% from the year-ago quarter but missed the Zacks Consensus Estimate of $314 million. However, reported revenues were ahead of the management’s guidance range of $301 million–$307 million. Organic revenues increased 5.9% year over year to $293.9 million during the quarter.
For fiscal fourth-quarter 2017, FactSet expects revenues in the range of $321 million–$328 million (mid-point $324.5 million). The Zacks Consensus Estimate is pegged at $326.6 million.
Adjusted operating margin is expected between 31% and 32%. Adjusted earningsper share are projected in the band of $1.86–$1.92 (mid-point $1.89). The Zacks Consensus Estimate stands at $1.90. The annual effective tax rate is expected within 25%–26%.
Overall, the bias in prices is: Sideways.
Short term: Prices are stalling.
Intermediate term: Prices are ranging.
The projected upper bound is: 169.37.
The projected lower bound is: 160.27.
The projected closing price is: 164.82.
A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 4 white candles and 6 black candles for a net of 2 black candles. During the past 50 bars, there have been 28 white candles and 22 black candles for a net of 6 white candles.
Three black candles occurred in the last three days. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 56.3481. This is not an overbought or oversold reading. The last signal was a sell 1 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 49.58. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 26 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 17. This is not a topping or bottoming area. The last signal was a sell 1 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 5 period(s) ago.
Rex Takasugi – TD Profile
FACTSET RESRCH closed down -0.730 at 164.740. Volume was 11% above average (neutral) and Bollinger Bands were 26% narrower than normal.
Open High Low Close Volume
165.710 165.710 163.140 164.740 93,845
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 164.63 164.70 165.96
Volatility: 12 18 19
Volume: 60,951 81,663 79,705
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
FACTSET RESRCH is currently 0.7% below its 200-period moving average and is in an downward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future. Our volume indicators reflect volume flowing into and out of FDS.N at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on FDS.N and have had this outlook for the last 14 periods.
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