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.
EFX saw its Momentum Indicator move above the 0 level on July 10, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 82 similar instances where the indicator turned positive. In of the 82 cases, the stock moved higher in the following days. The odds of a move higher are at .
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a provider of information solutions and human resources business process outsourcing services
Industry MiscellaneousCommercialServices