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What's in the Cards for Equifax (EFX) This Earnings Season?
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Equifax Inc. (EFX - Free Report) is scheduled to report third-quarter 2018 results on Oct 24, after the bell.
In a year’s time, shares of Equifax have gained 13%, underperforming the 23.8% rally of the industry it belongs to.
Let’s see how things are shaping up for the announcement.
Revenues to Improve Year Over Year
The Zacks Consensus Estimate for third-quarter revenues is pegged at $858 million, reflecting 2.8% year-over-year growth. Strength across the International and Workforce Solutions segments are expected to contribute toward this growth.
In second-quarter 2018, revenues of $876.9 million increased 2.4% on year-over-year basis.
Cybersecurity Incident to Remain a Drag on Bottom Line
The Zacks Consensus Estimate for third-quarter earnings per share is pegged at $1.42, indicating year-over-year decline of 7.2%. Costs related to the cybersecurity incident and buyout-related amortization expenses are likely to weigh on the company’s bottom-line performance.
In the last reported quarter, adjusted earnings per share of $1.56 declined 2.5% year over year.
Our Model Doesn’t Suggest a Beat
According to the Zacks model, a company with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) has a good chance of beating estimates if it also has a positive Earnings ESP. Zacks Rank #4 (Sell) or 5 (Strong Sell) stocks are best avoided, especially if they have a negative Earnings ESP. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Equifax has an Earnings ESP of -0.23% and a Zacks Rank #3, a combination that decreases the odds of an earnings beat.
Stocks to Consider
Here are a few stocks from the broader Business Services sector that investors may consider as our model shows that these have the right combination of elements to beat on earnings in third-quarter 2018:
TransUnion (TRU - Free Report) has an Earnings ESP of +0.99% and a Zacks Rank #3. The company is slated to release results on Oct 23.
FTI Consulting (FCN - Free Report) has an Earnings ESP of +4.43% and a Zacks Rank #3. The company is scheduled to report results on Oct 25.
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What's in the Cards for Equifax (EFX) This Earnings Season?
Equifax Inc. (EFX - Free Report) is scheduled to report third-quarter 2018 results on Oct 24, after the bell.
In a year’s time, shares of Equifax have gained 13%, underperforming the 23.8% rally of the industry it belongs to.
Let’s see how things are shaping up for the announcement.
Revenues to Improve Year Over Year
The Zacks Consensus Estimate for third-quarter revenues is pegged at $858 million, reflecting 2.8% year-over-year growth. Strength across the International and Workforce Solutions segments are expected to contribute toward this growth.
In second-quarter 2018, revenues of $876.9 million increased 2.4% on year-over-year basis.
Equifax, Inc. Revenue (TTM)
Equifax, Inc. Revenue (TTM) | Equifax, Inc. Quote
Cybersecurity Incident to Remain a Drag on Bottom Line
The Zacks Consensus Estimate for third-quarter earnings per share is pegged at $1.42, indicating year-over-year decline of 7.2%. Costs related to the cybersecurity incident and buyout-related amortization expenses are likely to weigh on the company’s bottom-line performance.
In the last reported quarter, adjusted earnings per share of $1.56 declined 2.5% year over year.
Our Model Doesn’t Suggest a Beat
According to the Zacks model, a company with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) has a good chance of beating estimates if it also has a positive Earnings ESP. Zacks Rank #4 (Sell) or 5 (Strong Sell) stocks are best avoided, especially if they have a negative Earnings ESP. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Equifax has an Earnings ESP of -0.23% and a Zacks Rank #3, a combination that decreases the odds of an earnings beat.
Stocks to Consider
Here are a few stocks from the broader Business Services sector that investors may consider as our model shows that these have the right combination of elements to beat on earnings in third-quarter 2018:
WEX (WEX - Free Report) has an Earnings ESP of +0.49% and a Zacks Rank #2. The company is scheduled to report results on Oct 31. You can see the complete list of today’s Zacks #1 Rank stocks here.
TransUnion (TRU - Free Report) has an Earnings ESP of +0.99% and a Zacks Rank #3. The company is slated to release results on Oct 23.
FTI Consulting (FCN - Free Report) has an Earnings ESP of +4.43% and a Zacks Rank #3. The company is scheduled to report results on Oct 25.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>