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Equifax Earnings: What To Look For From EFX

EFX Cover Image

Credit reporting giant Equifax (NYSE: EFX) will be reporting results this Wednesday morning. Here’s what to look for.

Equifax beat analysts’ revenue expectations by 1.4% last quarter, reporting revenues of $1.54 billion, up 7.2% year on year. It was a mixed quarter for the company, with a beat of analysts’ EPS estimates but a miss of analysts’ EPS guidance for next quarter estimates.

Is Equifax a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Equifax’s revenue to grow 7.8% year on year to $1.53 billion, in line with the 7% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.05 per share.

Equifax Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Equifax has missed Wall Street’s revenue estimates three times over the last two years.

Looking at Equifax’s peers in the professional services segment, some have already reported their Q4 results, giving us a hint as to what we can expect. ADP delivered year-on-year revenue growth of 6.2%, beating analysts’ expectations by 0.6%, and Fair Isaac Corporation reported revenues up 16.4%, topping estimates by 1.8%. ADP traded down 3.4% following the results while Fair Isaac Corporation was also down 1.6%.

Read our full analysis of ADP’s results here and Fair Isaac Corporation’s results here.

Investors in the professional services segment have had steady hands going into earnings, with share prices up 1.6% on average over the last month. Equifax is down 10% during the same time and is heading into earnings with an average analyst price target of $262.30 (compared to the current share price of $198.98).

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