11:44 AM EDT, 03/10/2025 (MT Newswires) -- FactSet Research Systems' ( FDS ) annual subscription value is poised to top the market consensus in fiscal Q2 following the acquisition of LiquidityBook, RBC Capital Markets said Monday in a report.

RBC projects Q2 ASV of $2.32 billion versus the consensus of $2.30 billion with an estimated $18 million from the LiquidityBook purchase.

"Our 2Q25 revenue estimate of $570 million is in line with consensus" with the earnings outlook of $4.07 a share trailing Wall Street's projection of $4.20, RBC said.

"Investors are concerned about potentially weaker-than-expected banking hiring and IT spending" amid macro and political uncertainties, RBC said.

Still, FactSet is expected to reiterate full-year guidance and "reinforce confidence in Q4 acceleration," the report said.

RBC has a sector perform rating on FactSet's stock with a $503 price target. Fiscal Q2 results are scheduled for March 20.

FactSet shares rose 1.7% in recent Monday trading.

Price: 448.14, Change: +7.41, Percent Change: +1.68