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TransUnion (TRU) Beats on Q1 Earnings, 2018 Guidance Up

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TransUnion (TRU - Free Report) reported first-quarter 2018 results (ended Mar 31, 2018) earnings per share of 57 cents (on an adjusted basis), surpassing the Zacks Consensus Estimate of 51 cents. Earnings also increased 35.7% on a year-over-year basis.

How Was the Estimate Revision Trend?

Investors should note that the Zacks Consensus Estimate for TransUnion's first-quarter 2018 earnings remained stable at 51 cents per share over the last 60 days.

The company also has an impressive earnings surprise history having outperformed the Zacks Consensus Estimate in all of the last four quarters with an average beat of 5.2%.

TransUnion Price and EPS Surprise

 

TransUnion Price and EPS Surprise | TransUnion Quote

Revenues Higher Than Expected

TransUnion recorded revenues of $537.4 million which outperformed the Zacks Consensus Estimate of $506.7 million. Moreover, revenues compared favorably with the year-ago figure of $455 million.

Key Stats to Note: TransUnion has raised its 2018 outlook. For full year 2018, revenues are likely to be between $2.170 billion and $2.185 billion, up 12-13% on a constant currency basis. Adjusted Diluted earnings per share is expected to be between $2.37 and $2.41, an increase of 26-28% year over year. Adjusted diluted earnings per share includes a benefit of approximately 28 cents due to the recently enacted Tax Cuts and Jobs Act.

Zacks Rank: Currently, TransUnion has a Zacks Rank #3 (Hold) but that could change following the company’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.  

Check back later for our full write up on this TransUnion earnings report later!

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