- Equifax has narrowed its full-year revenue forecast to a range of $5.70 billion to $5.72 billion, down from the previous range of $5.69 billion to $5.75 billion, and below the estimate of $5.73 billion.
- The fourth-quarter revenue forecast is set between $1.44 billion and $1.46 billion, which is below the market estimate of $1.48 billion.
- For the third quarter, adjusted earnings per share (EPS) were reported at $1.85, exceeding the prior year’s $1.76 and narrowly beating the estimate of $1.84.
- Equifax’s operating revenue for the third quarter reached $1.44 billion, marking a 9.3% year-over-year increase, slightly below the estimated $1.45 billion.
- The Workforce Solutions segment saw revenues of $620.0 million, growing by 7.4% year-over-year but falling short of the expected $629.9 million.
- United States Information Solutions reported revenue of $476.9 million, a 12% increase from last year, surpassing the estimate of $466.1 million.
- International Information Solutions revenue was $344.9 million, up 9.2% year-over-year, yet slightly below the expected $350.5 million.
- Asia Pacific revenue gained 3.5% year-over-year to $88.5 million, beating the estimate of $86.6 million.
- European revenue increased by 11% to $94.9 million, slightly higher than the forecasted $94.2 million.
- Revenue in Latin America rose by 21% year-over-year to $96.7 million, but did not meet the anticipated $102.9 million.
- Canadian revenues saw a slight decrease of 0.5%, reaching $64.8 million, missing the forecast of $68.3 million.
- Operating income for the quarter was $247.1 million, a modest 0.3% increase from the previous year, below the expected $302 million.
- Equifax received 17 buy ratings, 6 hold ratings, and no sell ratings from analysts.
Equifax Inc on Smartkarma
Equifax Inc. has caught the attention of analysts on Smartkarma, with Baptista Research providing valuable insights into the company’s performance. In their report titled “Equifax Inc.: A Tale Of Expanding Cloud Infrastructure & Margin Expansion! – Major Drivers,” the analyst discusses the company’s Q2 2024 earnings, emphasizing progress in cloud transformation initiatives and strategic advances. Equifax reported a 9% increase in revenue, exceeding forecasts, largely driven by strong performance in global non-mortgage businesses.
Another report by Baptista Research, “Equifax Inc.: Successful price/product strategy in the face of competition and customer price sensitivity! – Major Drivers,” highlights Equifax’s strong start in 2024. The company posted Q1 revenue of $1.389 billion, up 7%, supported by sustained strength in mortgage revenue and global non-mortgage businesses. Additionally, Equifax’s adjusted EBITDA margins and earnings per share surpassed expectations, demonstrating a successful pricing strategy amid competition and customer price sensitivity.
A look at Equifax Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Equifax Inc, a company that facilitates business transactions and marketing strategies across various industries, is showing a promising long-term outlook according to the Smartkarma Smart Scores. With a strong Momentum score of 5, Equifax is displaying excellent performance in terms of market trends and investor sentiment. This indicates a positive trajectory for the company in the future.
Although some areas like Value and Dividend have room for improvement with scores of 2, Equifax shines in Growth with a score of 3, indicating potential for expansion and development. Additionally, the Resilience score of 2 suggests a stable foundation for the company. Overall, the Smartkarma Smart Scores paint a favorable picture for Equifax Inc, pointing towards potential growth and resilience in the long run.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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