We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Compared to Estimates, Equifax (EFX) Q2 Earnings: A Look at Key Metrics
Read MoreHide Full Article
Equifax (EFX - Free Report) reported $1.32 billion in revenue for the quarter ended June 2023, representing a year-over-year increase of 0.1%. EPS of $1.71 for the same period compares to $2.09 a year ago.
The reported revenue represents a surprise of -0.38% over the Zacks Consensus Estimate of $1.32 billion. With the consensus EPS estimate being $1.67, the EPS surprise was +2.40%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Equifax performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Operating revenue- Asia Pacific: $87.70 million versus the 11-analyst average estimate of $92.61 million. The reported number represents a year-over-year change of -2.7%.
Operating revenue- Latin America: $56.90 million versus the 11-analyst average estimate of $57.22 million. The reported number represents a year-over-year change of +9%.
Operating revenue- Europe: $78.70 million compared to the $78.01 million average estimate based on 11 analysts. The reported number represents a change of -1.4% year over year.
Operating revenue- Canada: $66.50 million compared to the $64.19 million average estimate based on 11 analysts. The reported number represents a change of +3.9% year over year.
Revenue- U.S. Information Solutions: $445 million versus $424.84 million estimated by 14 analysts on average. Compared to the year-ago quarter, this number represents a +5.6% change.
Revenue- Workforce Solutions: $582.80 million versus the 14-analyst average estimate of $606.57 million. The reported number represents a year-over-year change of -4.3%.
Revenue- Total International: $289.80 million versus $290.41 million estimated by 14 analysts on average. Compared to the year-ago quarter, this number represents a +1.3% change.
Revenue- U.S. Information Solutions- Mortgage Reporting Solutions: $30.30 million versus the 12-analyst average estimate of $31.77 million. The reported number represents a year-over-year change of -17.7%.
Revenue- U.S. Information Solutions- Financial Marketing Services: $56.10 million versus the 12-analyst average estimate of $55.71 million. The reported number represents a year-over-year change of +1.3%.
Revenue- Workforce Solutions- Verification Services: $474 million versus the 12-analyst average estimate of $497.36 million. The reported number represents a year-over-year change of -6.1%.
Revenue- U.S. Information Solutions- Online Information Solutions: $358.60 million versus $336.15 million estimated by 12 analysts on average. Compared to the year-ago quarter, this number represents a +8.9% change.
Revenue- Workforce Solutions- Employer Services: $108.80 million versus $109.72 million estimated by 12 analysts on average. Compared to the year-ago quarter, this number represents a +3.9% change.
Shares of Equifax have returned +4.4% over the past month versus the Zacks S&P 500 composite's +3.4% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Compared to Estimates, Equifax (EFX) Q2 Earnings: A Look at Key Metrics
Equifax (EFX - Free Report) reported $1.32 billion in revenue for the quarter ended June 2023, representing a year-over-year increase of 0.1%. EPS of $1.71 for the same period compares to $2.09 a year ago.
The reported revenue represents a surprise of -0.38% over the Zacks Consensus Estimate of $1.32 billion. With the consensus EPS estimate being $1.67, the EPS surprise was +2.40%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Equifax performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Operating revenue- Asia Pacific: $87.70 million versus the 11-analyst average estimate of $92.61 million. The reported number represents a year-over-year change of -2.7%.
- Operating revenue- Latin America: $56.90 million versus the 11-analyst average estimate of $57.22 million. The reported number represents a year-over-year change of +9%.
- Operating revenue- Europe: $78.70 million compared to the $78.01 million average estimate based on 11 analysts. The reported number represents a change of -1.4% year over year.
- Operating revenue- Canada: $66.50 million compared to the $64.19 million average estimate based on 11 analysts. The reported number represents a change of +3.9% year over year.
- Revenue- U.S. Information Solutions: $445 million versus $424.84 million estimated by 14 analysts on average. Compared to the year-ago quarter, this number represents a +5.6% change.
- Revenue- Workforce Solutions: $582.80 million versus the 14-analyst average estimate of $606.57 million. The reported number represents a year-over-year change of -4.3%.
- Revenue- Total International: $289.80 million versus $290.41 million estimated by 14 analysts on average. Compared to the year-ago quarter, this number represents a +1.3% change.
- Revenue- U.S. Information Solutions- Mortgage Reporting Solutions: $30.30 million versus the 12-analyst average estimate of $31.77 million. The reported number represents a year-over-year change of -17.7%.
- Revenue- U.S. Information Solutions- Financial Marketing Services: $56.10 million versus the 12-analyst average estimate of $55.71 million. The reported number represents a year-over-year change of +1.3%.
- Revenue- Workforce Solutions- Verification Services: $474 million versus the 12-analyst average estimate of $497.36 million. The reported number represents a year-over-year change of -6.1%.
- Revenue- U.S. Information Solutions- Online Information Solutions: $358.60 million versus $336.15 million estimated by 12 analysts on average. Compared to the year-ago quarter, this number represents a +8.9% change.
- Revenue- Workforce Solutions- Employer Services: $108.80 million versus $109.72 million estimated by 12 analysts on average. Compared to the year-ago quarter, this number represents a +3.9% change.
View all Key Company Metrics for Equifax here>>>Shares of Equifax have returned +4.4% over the past month versus the Zacks S&P 500 composite's +3.4% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.