Latest news with #FactSetResearch
San Francisco Chronicle
6 days ago
- Business
- San Francisco Chronicle
CSX profit falls 14% in the second quarter even though rail shipments were flat
CSX railroad's profit slipped 14% in the second quarter even though the volume of shipments it delivered remained flat as it continued working on two major construction projects on its network. The Jacksonville, Florida-based railroad said Wednesday it earned $829 million, or $0.44 per share. That's down from $963 million, or $0.49 per share, a year ago. That's in line with what the analysts surveyed by FactSet Research predicted. CSX's latest earnings report comes as rumors swirl in the industry about t he possibility that a merger between two of the country's largest freight railroads might be proposed. The Associated Press reported last week that Union Pacific was in merger talks with Norfolk Southern. CEO Joe Hinrichs said he doesn't want to comment on the rumors and that CSX is focused on improving its operations, but he said his railroad would remain open to any possibilities that would help boost shareholder value. 'While we are confident in CSX's path forward, we welcome all opportunities that will allow us to deliver value for our shareholders, drive thoughtful growth, and serve our customers better,' Hinrichs said. If merger actions heat up in the industry, CSX could be a target for one of the western railroads trying to build a transcontinental network. But the prospects for any deals among the major freight railroads remain uncertain because regulators might be reluctant to approve them. Hinrichs emphasized that he thinks there are opportunities to attract new business and prosper by working together with other railroads today. One example is the new service that CSX and CPKC railroads recently announced to deliver shipments that CPKC picks up in Mexico and have CSX deliver them in the southeast United States. CSX is in the middle of expanding a key tunnel in Baltimore, so it will be able to carry double-stacked shipping containers, and the railroad is completing repairs related to Hurricanes Helene and Milton. But Hinrichs said the railroad is operating much more fluidly than it was in the first quarter of this year when the results disappointed. The railroad is also restructuring its management jobs. CSX executives said it remains hard to predict consumer sentiment that drives so much of the economy right now, but if Donald Trump's tariff policy becomes more certain in the second half of the year that should help consumers and businesses feel more comfortable spending and expanding their operations.
The Hill
6 days ago
- Business
- The Hill
CSX profit falls 14% in the second quarter even though rail shipments were flat
CSX railroad's profit slipped 14% in the second quarter even though the volume of shipments it delivered remained flat as it continued working on two major construction projects on its network. The Jacksonville, Florida-based railroad said Wednesday it earned $829 million, or $0.44 per share. That's down from $963 million, or $0.49 per share, a year ago. That's in line with what the analysts surveyed by FactSet Research predicted. CSX is in the middle of expanding a key tunnel in Baltimore, so it will be able to carry double-stacked shipping containers, and the railroad is completing repairs related to Hurricanes Helene and Milton. But CEO Joe Hinrichs said the railroad is operating much more fluidly than it was in the first quarter of this year when the results disappointed. CSX's latest earnings report comes as rumors swirl in the industry about t he possibility that a merger between two of the largest freight railroads might be proposed. The Associated Press reported last week that Union Pacific was in merger talks with Norfolk Southern. If merger actions heat up in the industry, CSX could be a target for one of the western railroads trying to build a transcontinental network. But the prospects for any deals among the major freight railroads remain uncertain because regulators might be reluctant to approve them. CSX is one of the major freight railroads that serves the eastern United States and competes with Norfolk Southern.
Yahoo
23-06-2025
- Business
- Yahoo
FactSet Earnings Miss Estimates in Q3, Revenues Increase Y/Y
FactSet FDS has reported the results for the third quarter of fiscal 2025, with earnings missing the Zacks Consensus Estimate but revenues surpassing the same. FDS's earnings per share of $4.27 missed the consensus mark by a slight margin and decreased 2.3% from the year-ago quarter. Revenues of $585.5 million beat the Zacks Consensus Estimate by a slight margin and gained 5.9% from the year-ago quarter. The company's shares have lost 13.6% in the past six months compared with the 6.5% fall of the industry it belongs to and the 1.3% decline of the Zacks S&P 500 composite. FactSet Research Systems Inc. price-consensus-eps-surprise-chart | FactSet Research Systems Inc. Quote Organic revenues increased 4.4% year over year to $577.2 million. Region-wise, organic revenue growth was 5% for the Americas, 2.3% for the EMEA and 6.4% for the Asia Pacific. Revenues generated from the Americas segment were $380.5 million, up 6.7% from the year-ago quarter, surpassing our estimate of $374.8 million. Revenues from the EMEA were $145.7 million, an increase of 3.1% from the year-ago quarter. The figure missed our projection of $147.2 million. Revenues from the Asia Pacific were $59.3 million, marking 7.8% growth on a year-over-year basis, outpacing our estimate of $58.4 million. FactSet's Annual Subscription Value ('ASV') plus professional services were $2.3 billion. Organic ASV plus professional services were $2.3 billion, up 4.5% from the year-ago quarter. The buy-side and the sell-side organic ASV growth rate was 4%. Nearly 82% of organic ASV was generated by the buy-side and the rest by sell-side firms. Organic ASV generated from the United States was $1.4 billion, increasing 5% from the year-ago quarter. Organic ASV from the EMEA was $575.2 million, gaining 2.1% year over year. Organic ASV from the Asia Pacific was $235.7 million, up 7.1% on a year-over-year basis. FactSet added 166 clients in the third quarter of fiscal 2025, driven by hedge fund, corporate, and wealth management clients and clients from the LiquidityBook acquisition, taking the total to 8,811. The annual client retention rate was 91%. The adjusted operating income was $194.2 million, which decreased 4.1% from the year-ago quarter and beat our estimate of $191.3 million. The adjusted operating margin of 36.8% declined 260 basis points from the year-ago quarter. The company exited the quarter with a cash and cash-equivalent balance of $356.4 million compared with $278.5 million in the second quarter of fiscal 2025. The long-term debt was $1.4 billion compared with $1.5 billion in the preceding quarter. FDS generated $253.8 million in cash from operating activities. However, its capital expenditure was $25.2 million. The free cash flow utilized was $228.6 million. For fiscal 2025, the company anticipates revenues of $2.305-$2.325 billion. The mid-point of the guided range ($2.315 billion) is slightly higher than the Zacks Consensus Estimate of $2.31 billion. FDS anticipates earnings per share of $16.8-$17.4. The guided range's mid-point ($17.1) is in line with the consensus estimate. The adjusted operating margin is projected to be 36-37%. FactSet carries a Zacks Rank #4 (Sell) at present. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Fiserv, Inc. FI registered mixed first-quarter 2025 results. FI's adjusted earnings per share of $2.14 beat the consensus mark by 2.9% and gained 13.8% year over year. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.) Adjusted revenues of $4.8 billion missed the consensus estimate by 1.6% but gained 5.5% on a year-over-year basis. TransUnion TRU reported impressive first-quarter 2025 results. TRU's quarterly adjusted earnings (adjusting 20 cents from non-recurring items) of 95 cents per share surpassed the consensus mark by 10.5% and increased 14.5% year over year. Total revenues of $1.1 billion outpaced the consensus mark by 2.5% and increased 7.3% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report FactSet Research Systems Inc. (FDS) : Free Stock Analysis Report Fiserv, Inc. (FI) : Free Stock Analysis Report TransUnion (TRU) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
23-06-2025
- Business
- Yahoo
FactSet Research (FDS) Q3 Earnings Lag Estimates
FactSet Research (FDS) came out with quarterly earnings of $4.27 per share, missing the Zacks Consensus Estimate of $4.31 per share. This compares to earnings of $4.37 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -0.93%. A quarter ago, it was expected that this financial data firm would post earnings of $4.19 per share when it actually produced earnings of $4.28, delivering a surprise of +2.15%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. FactSet, which belongs to the Zacks Business - Information Services industry, posted revenues of $585.52 million for the quarter ended May 2025, surpassing the Zacks Consensus Estimate by 0.72%. This compares to year-ago revenues of $552.71 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. FactSet shares have lost about 12.1% since the beginning of the year versus the S&P 500's gain of 1.5%. While FactSet has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for FactSet was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $4.13 on $591.59 million in revenues for the coming quarter and $17.10 on $2.31 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Business - Information Services is currently in the top 11% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Rollins (ROL), another stock in the broader Zacks Business Services sector, has yet to report results for the quarter ended June 2025. This operator of Orkin and other pest and termine control services is expected to post quarterly earnings of $0.29 per share in its upcoming report, which represents a year-over-year change of +7.4%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Rollins' revenues are expected to be $976.52 million, up 9.5% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report FactSet Research Systems Inc. (FDS) : Free Stock Analysis Report Rollins, Inc. (ROL) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Washington Post
23-06-2025
- Business
- Washington Post
FactSet: Fiscal Q3 Earnings Snapshot
NORWALK, Conn. — NORWALK, Conn. — FactSet Research Systems Inc. (FDS) on Monday reported fiscal third-quarter profit of $148.5 million. The Norwalk, Connecticut-based company said it had profit of $3.87 per share. Earnings, adjusted for amortization costs and non-recurring costs, came to $4.27 per share. The results fell short of Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $4.31 per share.
