Equifax (EFX - Free Report) reported $1.33 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 10.7%. EPS of $1.81 for the same period compares to $1.52 a year ago.
The reported revenue represents a surprise of +1.06% over the Zacks Consensus Estimate of $1.31 billion. With the consensus EPS estimate being $1.74, the EPS surprise was +4.02%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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: $82.20 million versus $87.66 million estimated by 12 analysts on average. Compared to the year-ago quarter, this number represents a -2.8% change.
- Operating revenue- Latin America: $98.60 million versus $93.72 million estimated by 12 analysts on average. Compared to the year-ago quarter, this number represents a +85% change.
- Operating revenue- Europe: $93.60 million compared to the $90.47 million average estimate based on 12 analysts. The reported number represents a change of +14.9% year over year.
- Operating revenue- Canada: $64.90 million versus $65.19 million estimated by 12 analysts on average. Compared to the year-ago quarter, this number represents a +0.9% change.
- Revenue- U.S. Information Solutions: $427.70 million versus $422.14 million estimated by 13 analysts on average. Compared to the year-ago quarter, this number represents a +5.4% change.
- Revenue- Workforce Solutions: $559.50 million versus the 13-analyst average estimate of $550.30 million. The reported number represents a year-over-year change of +10.1%.
- Revenue- Total International: $339.30 million compared to the $337.37 million average estimate based on 13 analysts. The reported number represents a change of +19.6% year over year.
- Revenue- U.S. Information Solutions- Mortgage Reporting Solutions: $22.90 million compared to the $23.80 million average estimate based on 12 analysts. The reported number represents a change of -11.9% year over year.
- Revenue- U.S. Information Solutions- Financial Marketing Services: $77.30 million versus $71.55 million estimated by 12 analysts on average. Compared to the year-ago quarter, this number represents a +7.5% change.
- Revenue- Workforce Solutions- Verification Services: $457.10 million versus the 12-analyst average estimate of $436.06 million. The reported number represents a year-over-year change of +14.7%.
- Revenue- U.S. Information Solutions- Online Information Solutions: $327.50 million versus $326.81 million estimated by 12 analysts on average. Compared to the year-ago quarter, this number represents a +6.3% change.
- Revenue- Workforce Solutions- Employer Services: $102.40 million compared to the $113.41 million average estimate based on 12 analysts. The reported number represents a change of -6.7% year over year.
View all Key Company Metrics for Equifax here>>>Shares of Equifax have remained unchanged over the past month versus the Zacks S&P 500 composite's +5.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
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Equifax (EFX - Free Report) reported $1.33 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 10.7%. EPS of $1.81 for the same period compares to $1.52 a year ago.
The reported revenue represents a surprise of +1.06% over the Zacks Consensus Estimate of $1.31 billion. With the consensus EPS estimate being $1.74, the EPS surprise was +4.02%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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: $82.20 million versus $87.66 million estimated by 12 analysts on average. Compared to the year-ago quarter, this number represents a -2.8% change.
- Operating revenue- Latin America: $98.60 million versus $93.72 million estimated by 12 analysts on average. Compared to the year-ago quarter, this number represents a +85% change.
- Operating revenue- Europe: $93.60 million compared to the $90.47 million average estimate based on 12 analysts. The reported number represents a change of +14.9% year over year.
- Operating revenue- Canada: $64.90 million versus $65.19 million estimated by 12 analysts on average. Compared to the year-ago quarter, this number represents a +0.9% change.
- Revenue- U.S. Information Solutions: $427.70 million versus $422.14 million estimated by 13 analysts on average. Compared to the year-ago quarter, this number represents a +5.4% change.
- Revenue- Workforce Solutions: $559.50 million versus the 13-analyst average estimate of $550.30 million. The reported number represents a year-over-year change of +10.1%.
- Revenue- Total International: $339.30 million compared to the $337.37 million average estimate based on 13 analysts. The reported number represents a change of +19.6% year over year.
- Revenue- U.S. Information Solutions- Mortgage Reporting Solutions: $22.90 million compared to the $23.80 million average estimate based on 12 analysts. The reported number represents a change of -11.9% year over year.
- Revenue- U.S. Information Solutions- Financial Marketing Services: $77.30 million versus $71.55 million estimated by 12 analysts on average. Compared to the year-ago quarter, this number represents a +7.5% change.
- Revenue- Workforce Solutions- Verification Services: $457.10 million versus the 12-analyst average estimate of $436.06 million. The reported number represents a year-over-year change of +14.7%.
- Revenue- U.S. Information Solutions- Online Information Solutions: $327.50 million versus $326.81 million estimated by 12 analysts on average. Compared to the year-ago quarter, this number represents a +6.3% change.
- Revenue- Workforce Solutions- Employer Services: $102.40 million compared to the $113.41 million average estimate based on 12 analysts. The reported number represents a change of -6.7% year over year.
View all Key Company Metrics for Equifax here>>>Shares of Equifax have remained unchanged over the past month versus the Zacks S&P 500 composite's +5.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
Research Chief Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
Free: See Our Top Stock And 4 Runners Up
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