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Is a Beat in the Cards for Equifax (EFX) in Q4 Earnings?
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Equifax Inc. (EFX - Free Report) is scheduled to report fourth-quarter 2020 results on Feb 10, after market close.
Let’s check out the expectations in detail.
Q4 Expectations
The Zacks Consensus Estimate for fourth-quarter revenues is at $1.09 billion, which indicates growth of 19.9% from the year-ago quarter’s reported figure. The upbeat is likely to have been driven by strength in U.S. Information Solutions and Workforce Solutions segments.
The consensus estimate for U.S. Information Solutions segment’s revenues is pegged at $388 million, suggesting increase of 17.2% from the year-ago quarter’s reported figure. The consensus mark for Workforce Solutions segment’s revenues is pegged at $388 million, indicating year-over-year growth of 54.6%. The Zacks Consensus Estimate for International segment revenues is pegged at $236 million, flat with the year-ago quarter figure. The consensus mark for Global Consumer Solutions segment’s revenues is at $76 million, suggesting a decline of 14.6% from the year-ago quarter’s reported figure.
In third-quarter 2020, Equifax’s revenues of $1.07 billion rose 22% on a year-over-year basis.
Improvement in operational efficiency is likely to have contributed to the bottom line. The Zacks Consensus Estimate for earnings is pegged at $1.83, which indicates growth of 19.6% from the year-ago quarter’s reported figure.
In third-quarter 2020, Equifax’s earnings of $1.87 per share increased 26.4% on a year-over-year basis.
What Our Model Says
Our proven model predicts an earnings beat for Equifax this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. 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 1.44% and a Zacks Rank #3.
Other Stocks to Consider
Here are a few other stocks from the broader Zacks Business Services sector that investors may consider, as our model shows that these too have the right combination of elements to beat on fourth-quarter 2020 earnings.
Omnicom Group (OMC - Free Report) has an Earnings ESP of +1.23% and a Zacks Rank #3.
S&P Global (SPGI - Free Report) has an Earnings ESP of +3.28% and a Zacks Rank #3.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
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Is a Beat in the Cards for Equifax (EFX) in Q4 Earnings?
Equifax Inc. (EFX - Free Report) is scheduled to report fourth-quarter 2020 results on Feb 10, after market close.
Let’s check out the expectations in detail.
Q4 Expectations
The Zacks Consensus Estimate for fourth-quarter revenues is at $1.09 billion, which indicates growth of 19.9% from the year-ago quarter’s reported figure. The upbeat is likely to have been driven by strength in U.S. Information Solutions and Workforce Solutions segments.
The consensus estimate for U.S. Information Solutions segment’s revenues is pegged at $388 million, suggesting increase of 17.2% from the year-ago quarter’s reported figure. The consensus mark for Workforce Solutions segment’s revenues is pegged at $388 million, indicating year-over-year growth of 54.6%. The Zacks Consensus Estimate for International segment revenues is pegged at $236 million, flat with the year-ago quarter figure. The consensus mark for Global Consumer Solutions segment’s revenues is at $76 million, suggesting a decline of 14.6% from the year-ago quarter’s reported figure.
In third-quarter 2020, Equifax’s revenues of $1.07 billion rose 22% on a year-over-year basis.
Equifax, Inc. Price and EPS Surprise
Equifax, Inc. price-eps-surprise | Equifax, Inc. Quote
Improvement in operational efficiency is likely to have contributed to the bottom line. The Zacks Consensus Estimate for earnings is pegged at $1.83, which indicates growth of 19.6% from the year-ago quarter’s reported figure.
In third-quarter 2020, Equifax’s earnings of $1.87 per share increased 26.4% on a year-over-year basis.
What Our Model Says
Our proven model predicts an earnings beat for Equifax this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. 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 1.44% and a Zacks Rank #3.
Other Stocks to Consider
Here are a few other stocks from the broader Zacks Business Services sector that investors may consider, as our model shows that these too have the right combination of elements to beat on fourth-quarter 2020 earnings.
TransUnion (TRU - Free Report) has an Earnings ESP of +2.30% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Omnicom Group (OMC - Free Report) has an Earnings ESP of +1.23% and a Zacks Rank #3.
S&P Global (SPGI - Free Report) has an Earnings ESP of +3.28% and a Zacks Rank #3.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
See 8 breakthrough stocks now>>