Equifax (EFX) Reports Earnings Tomorrow: What To Expect

Credit reporting giant Equifax (NYSE:EFX) will be reporting earnings this Tuesday before market hours. Here’s what to look for.

Equifax met analysts’ revenue expectations last quarter, reporting revenues of $1.7 billion, up 10.6% year on year. It was a slower quarter for the company, with a slight miss of analysts’ full-year EPS guidance estimates and full-year revenue guidance meeting analysts’ expectations.

Is Equifax a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Equifax’s revenue to grow 9.2% year on year, improving from the 7.2% increase it recorded in the same quarter last year.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Equifax has missed Wall Street’s revenue estimates multiple times over the last two years.

Looking at Equifax’s peers in the professional services segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Marsh delivered year-on-year revenue growth of 8.1%, beating analysts’ expectations by 3.2%, and ManpowerGroup reported revenues up 4.4%, in line with consensus estimates. Marsh traded up 5.6% following the results while ManpowerGroup was down 20.2%.

Read our full analysis of Marsh’s results here and ManpowerGroup’s results here.

Over the past year, investors have repeatedly shifted their focus from one macro narrative to another (AI disruption and AI capex spending to geopolitics, interest rates, and the broader health of the economy). While some of the professional services stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 3.1% on average over the last month. Equifax’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $196.35 (compared to the current share price of $159.72).

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