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Equifax (EFX)
NYSE:EFX
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Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$2.11Last Year’s EPS
$1.81Same Quarter Last Year
Strong Buy
Based on 15 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 16, 2024
|% Change Since: -10.74%
|Next Earnings Date:Feb 05, 2025
Earnings Call Sentiment|Positive
Equifax's earnings call reflected strong revenue growth and progress in cloud transformation, but was tempered by challenges in employer services and mixed signals in the mortgage market. The company is optimistic about future growth driven by cloud capabilities and new product innovations.Company Guidance
During the Equifax Inc. third-quarter 2024 earnings call, the company shared its guidance for the fourth quarter and full year 2024, along with some insights for 2025. Equifax expects fourth-quarter revenue to be between $1.438 billion and $1.458 billion, representing a 9% increase at the midpoint, with an organic constant dollar growth of about 10%. Adjusted EBITDA margins for Q4 are anticipated to be around 35.5%, marking the first quarter with EBITDA exceeding $500 million. For the full year, constant currency revenue growth is projected at about 10%, with adjusted EPS expected to be $7.30. The company also highlighted a restructuring charge of $42 million taken in Q3, which is expected to deliver ongoing savings of over $70 million annually by early 2025, as it completes cloud migrations in Europe, Latin America, Brazil, Australia, and New Zealand.Strong Revenue Growth
Equifax reported revenue of $1.42 billion in the third quarter, up 9%, with organic constant dollar revenue up 10%. Fourth quarter revenue is expected to be $1.438 billion to $1.458 billion, up about 9% at the midpoint.
Cloud Transformation Milestone
80% of Equifax revenue is now in the Equifax Cloud, with an expectation to reach 90% by year-end. This transformation is set to drive competitive advantages in growth, innovation, and AI.
Workforce Solutions Revenue Growth
Revenue was up about 7.5%, with non-mortgage Verification Services revenue delivering strong 19% growth.
International Revenue Surge
International revenue grew 18% in constant currency, with strong 12% organic growth, led by Latin America and Europe.
Strong New Product Innovation
Equifax had a 13% Vitality Index in the quarter, with strong broad-based new product rollouts and AI/ML-driven models.
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EFX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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EFX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 16, 2024 | $289.51 | $279.87 | -3.33% |
| Jul 17, 2024 | $258.52 | $263.45 | +1.91% |
| Apr 17, 2024 | $236.63 | $216.55 | -8.49% |
| Feb 07, 2024 | $240.43 | $250.57 | +4.22% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Equifax (EFX) report earnings?
Equifax (EFX) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is Equifax (EFX) earnings time?
Equifax (EFX) earnings time is at Feb 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is EFX EPS forecast?
EFX EPS forecast for the fiscal quarter 2024 (Q4) is $2.11.
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