Deutsche Bank analysts provided their outlook on FactSet Research Systems Inc. (NYSE:FDS) ahead of the upcoming Q1/23 results, scheduled to be announced on Dec 20. Key focus areas for the earnings will be around pricing, an update on the pipeline, and visibility in the back half of 2023 amidst an uncertain macro backdrop, competitive dynamics, CUSIP updates, level of investment spending in talent and technology, and capital allocation priorities.
The analysts expect Q1 organic ASV growth to be strong at nearly 9% and operating margins to expand over 130 bps, aided by CGS contribution. For fiscal 2023, their EPS of $14.89 is unchanged and towards the high end of the management guide. The analysts raised their price target to $493 from $483 while reiterating their Buy rating.