Back to top
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Amazon.com, Inc. (AMZN) - free report >>
Garmin Ltd. (GRMN) - free report >>
We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
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.
Amazon.com, Inc. (AMZN) - free report >>
Garmin Ltd. (GRMN) - free report >>
Image: Bigstock
What's in Store for Equifax (EFX) this Earnings Season?
Equifax Inc. (EFX - Free Report) is expected to report second-quarter 2016 results on Jul 27. Last quarter, the company posted a positive earnings surprise of 6%. Let's see how things are shaping up for this announcement.
Factors to Consider
Equifax posted better-than-expected numbers for the first quarter, which also grew year over year.
Management’s efforts, such as strategic initiatives for product innovation, expansion of data assets through acquisitions and continuous share gains in North America, should drive results in the to-be reported quarter. Also, the company’s strong correlation with the consumer and financial markets as well as exposure in the U.S. and Europe are likely to propel growth, going ahead.
However, competition from the likes of Automatic Data Processing Inc. (ADP - Free Report) , Fiserv Inc., Moody’s Corp. and uncertainty in the mortgage sector raise concerns.
EQUIFAX INC Price and EPS Surprise
EQUIFAX INC Price and EPS Surprise | EQUIFAX INC Quote
Earnings Whispers
Our proven model does not conclusively show that Equifax will beat earnings estimates this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. That is not the case here as you will see below.
Zacks ESP: Its Earnings ESP is -0.74% as the Most Accurate estimate of $1.35 per share is pegged lower than the Zacks Consensus Estimate of $1.36.
Zacks Rank: Equifax’ Zacks Rank #3 increases the predictive power of ESP. However, we need to have a positive ESP to be confident about an earnings surprise.
We caution against stocks with a Zacks Rank #4 or 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions momentum.
Stocks to Consider
Here are a couple of companies which, as per our model, have the right combination of elements to post an earnings beat this quarter:
Garmin Ltd. (GRMN - Free Report) with Earnings ESP of +4.48% and a Zacks Rank #3
Amazon.com, Inc. (AMZN - Free Report) with Earnings ESP of +37.72% and a Zacks Rank #3
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>