Equifax Inc. posted third-quarter 2022 earnings that exceeded the Zacks Consensus Estimates.
The consumer credit reporting agency’s adjusted earnings fell -6.5% year-over-year to $1.73 per share, topping the Zacks Consensus Estimate by 5.5%.
Revenues were up +1.8% year over year to $1.24 billion, exceeding the consensus estimate by 2.3%.
The company’s US division revenue fell -9% from the year-ago quarter, while International division rose +6% year-over-year. Revenues from Europe rose +6% year over year. Latin America revenues were up +21% year over year. Canada revenues grew +9% year over year.
For the fourth quarter of 2022, Equifax expects revenues in the range of $1.165 to $1.185 billion, compared to the Zacks Consensus Estimate of $1.21 billion. Adjusted EPS is expected in the range of $1.45 to $1.55 a share, compared to the Zacks Consensus Estimate of $1.68.
For full-year 2022, the company projects revenues in the range of $5.089 billion to $5.109 billion, compared with the previous guidance of $5.07 billion to $5.13 billion. Adjusted EPS is now expected in the range of $7.49 to $7.59 a share, compared with the previous outlook of $7.55 to $7.80 a share, and the Zacks Consensus Estimate of $7.63 a share.