RBC Capital analysts provided their outlook on FactSet Research Systems Inc. (NYSE:FDS) ahead of the company’s upcoming Q2/23 earnings announcement, scheduled on March 23.
The analysts expect a Q2 ASV (Annual Subscription Value) of $2.05 billion, in line with the Street estimate, revenues of $513 million, compared to the Street estimate of $515 million, and EBITDA of $182 million, above the Street estimate of $179 million.
The analysts believe higher inflation and content, product, and technology investments could potentially help deliver greater price increases in Q2/23 and estimate $25-30 million in incremental ASV given greater pricing discipline evidenced by the deal desk with a greater emphasis on proprietary data given rising third-party data costs. As a reminder, the company will roll out international price increases in Q3/22.
