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Is a Beat in the Cards for Equifax (EFX) in Q1 Earnings?
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Equifax Inc. (EFX - Free Report) is scheduled to report first-quarter 2021 results on Apr 21, after market close.
Let’s check out the expectations in detail.
Q1 Expectations
The Zacks Consensus Estimate for first-quarter 2021 revenues stands at $1.12 billion, indicating growth of 17.4% from the year-ago period’s reported figure. The upbeat is likely to have been driven by strength in U.S. Information Solutions, International and Workforce Solutions segments. The consensus mark lies within the guided range of $1.11-$1.13 billion.
Segment-wise, the consensus mark for U.S. Information Solutions segment revenues is pegged at $389 million, implying an improvement of 13.4% from the year-ago quarter’s reported figure. Mortgage and non-mortgage revenue growth is expected to have boosted the segment.
The consensus estimate for International segment revenues is pegged at $233 million, indicating growth of 7.9% year over year. The uptick is likely to have come from strength across Asia Pacific, Australia, Europe and Canadian businesses.
The consensus estimate for Workforce Solutions segment revenues is pegged at $412 million, indicating growth of 36.4% from the year-ago quarter’s reported figure. Strength across Verification Services and Employer Services revenues is likely to have aided the segment.
The consensus mark for Global Consumer Solutions segment revenues stands at $84 million, suggesting a decrease of 13.4% from the year-ago quarter’s reported figure. Downfall in the company’s U.S. lead generation partner businesses might have weighed on the segment.
Improvement in operational efficiency is likely to have benefited the bottom line, the Zacks Consensus Estimate for which is pegged at $1.52, indicating growth of 8.6% from the year-ago quarter’s reported figure. The consensus mark lies within the guided range of $1.45-$1.55 cents.
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 +0.44% and a Zacks Rank #3.
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 first-quarter 2021 earnings.
S&P Global(SPGI - Free Report) has an Earnings ESP of +1.49% and a Zacks Rank #3.
Fiserv has an Earnings ESP of +1.00% and a Zacks Rank #3.
Zacks Top 10 Stocks for 2021
In addition to the stocks discussed above, would you like to know about our 10 best buy-and-hold tickers for the entirety of 2021?
Last year's 2020Zacks Top 10 Stocks portfolio returned gains as high as +386.8%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.
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Is a Beat in the Cards for Equifax (EFX) in Q1 Earnings?
Equifax Inc. (EFX - Free Report) is scheduled to report first-quarter 2021 results on Apr 21, after market close.
Let’s check out the expectations in detail.
Q1 Expectations
The Zacks Consensus Estimate for first-quarter 2021 revenues stands at $1.12 billion, indicating growth of 17.4% from the year-ago period’s reported figure. The upbeat is likely to have been driven by strength in U.S. Information Solutions, International and Workforce Solutions segments. The consensus mark lies within the guided range of $1.11-$1.13 billion.
Segment-wise, the consensus mark for U.S. Information Solutions segment revenues is pegged at $389 million, implying an improvement of 13.4% from the year-ago quarter’s reported figure. Mortgage and non-mortgage revenue growth is expected to have boosted the segment.
The consensus estimate for International segment revenues is pegged at $233 million, indicating growth of 7.9% year over year. The uptick is likely to have come from strength across Asia Pacific, Australia, Europe and Canadian businesses.
The consensus estimate for Workforce Solutions segment revenues is pegged at $412 million, indicating growth of 36.4% from the year-ago quarter’s reported figure. Strength across Verification Services and Employer Services revenues is likely to have aided the segment.
The consensus mark for Global Consumer Solutions segment revenues stands at $84 million, suggesting a decrease of 13.4% from the year-ago quarter’s reported figure. Downfall in the company’s U.S. lead generation partner businesses might have weighed on the segment.
Improvement in operational efficiency is likely to have benefited the bottom line, the Zacks Consensus Estimate for which is pegged at $1.52, indicating growth of 8.6% from the year-ago quarter’s reported figure. The consensus mark lies within the guided range of $1.45-$1.55 cents.
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 +0.44% and a Zacks Rank #3.
Equifax, Inc. Price and EPS Surprise
Equifax, Inc. price-eps-surprise | Equifax, Inc. Quote
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 first-quarter 2021 earnings.
Omnicom (OMC - Free Report) has an Earnings ESP of +2.20% and a Zacks Rank #3.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
S&P Global(SPGI - Free Report) has an Earnings ESP of +1.49% and a Zacks Rank #3.
Fiserv has an Earnings ESP of +1.00% and a Zacks Rank #3.
Zacks Top 10 Stocks for 2021
In addition to the stocks discussed above, would you like to know about our 10 best buy-and-hold tickers for the entirety of 2021?
Last year's 2020Zacks Top 10 Stocks portfolio returned gains as high as +386.8%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.
AccessZacks Top 10 Stocks for 2021 today >>