We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Equifax (EFX) Rallies 32% in a Year: Here's What to Know
Read MoreHide Full Article
Equifax Inc. (EFX - Free Report) has had an impressive run over the past year. The stock has gained 32%, outperforming the 24.5% rally of the industry it belongs to and the 29.5% rise of the Zacks S&P 500 composite.
Solid Product Portfolio, Acquisitions Fuel Growth
We anticipate sustained revenue growth in the coming years, driven by various factors. Over the past five years (2019-2023), Equifax has achieved a compound annual growth rate of 8.5% in total revenues. We expect synergies derived from acquisitions, along with continued general consumer credit activity, product innovation and enterprise growth initiatives, will be key contributors to revenue growth in the long term. Our projections indicate a year-over-year revenue increase of 9.5% for 2024.
Equifax uses advanced statistical techniques and proprietary tools to analyze all available data, creating customized insights, decision-making solutions and processing services. This helps customers understand, manage and protect their clients’ information and make more informed financial decisions. We believe that a solid product portfolio and a clear understanding of the sector will keep Equifax ahead of its peers. We expect U.S. Information Solution and International revenues to increase 8% and 15% year over year, respectively, in 2024.
Strategic acquisitions have consistently enriched the company's offerings, providing extensive insights into consumer behavior, financial health, customer capabilities and market opportunities. The recent acquisition of Boa Vista Serviços, now a wholly-owned subsidiary of Equifax Brasil, has expanded the company's presence in the vast and rapidly expanding Brazilian market.
Image: Bigstock
Equifax (EFX) Rallies 32% in a Year: Here's What to Know
Equifax Inc. (EFX - Free Report) has had an impressive run over the past year. The stock has gained 32%, outperforming the 24.5% rally of the industry it belongs to and the 29.5% rise of the Zacks S&P 500 composite.
Solid Product Portfolio, Acquisitions Fuel Growth
We anticipate sustained revenue growth in the coming years, driven by various factors. Over the past five years (2019-2023), Equifax has achieved a compound annual growth rate of 8.5% in total revenues. We expect synergies derived from acquisitions, along with continued general consumer credit activity, product innovation and enterprise growth initiatives, will be key contributors to revenue growth in the long term. Our projections indicate a year-over-year revenue increase of 9.5% for 2024.
Equifax, Inc. Price
Equifax, Inc. price | Equifax, Inc. Quote
Equifax uses advanced statistical techniques and proprietary tools to analyze all available data, creating customized insights, decision-making solutions and processing services. This helps customers understand, manage and protect their clients’ information and make more informed financial decisions. We believe that a solid product portfolio and a clear understanding of the sector will keep Equifax ahead of its peers. We expect U.S. Information Solution and International revenues to increase 8% and 15% year over year, respectively, in 2024.
Strategic acquisitions have consistently enriched the company's offerings, providing extensive insights into consumer behavior, financial health, customer capabilities and market opportunities. The recent acquisition of Boa Vista Serviços, now a wholly-owned subsidiary of Equifax Brasil, has expanded the company's presence in the vast and rapidly expanding Brazilian market.
Zacks Rank and Stocks to Consider
Equifax currently carries a Zacks Rank #3 (Hold).
A couple of better-ranked stocks from the broader Zacks Business Services sector are AppLovin (APP - Free Report) and Futu Holdings (FUTU - Free Report) .
AppLovin sports a Zacks Rank #1 (Strong Buy) at present. APP has a long-term earnings growth expectation of 20%. You can see the complete list of today’s Zacks #1 Rank stocks here.
APP delivered a trailing four-quarter earnings surprise of 26.5%, on average.
Futu Holdings currently carries a Zacks Rank of 2 (Buy). It has a long-term earnings growth expectation of 19.8%.
FUTU delivered a trailing four-quarter earnings surprise of 18.7%, on average.