I maintain a buy rating for Equifax due to accelerating growth in mortgage-related revenue and an improving free cash flow profile. EFX's 3Q24 results showed strong revenue growth, driven by a significant increase in mortgage solutions and expanding international revenue. Challenges in non-mortgage revenue persist, but I expect these to ease as macroeconomic conditions improve, supporting future growth.
Examine Equifax's (EFX) international revenue patterns and their implications on Wall Street's forecasts and the prospective trajectory of the stock.
Equifax Inc. (NYSE:EFX ) Q3 2024 Earnings Conference Call October 17, 2024 8:30 AM ET Company Participants Trevor Burns - Senior Vice President, Head of Corporate Investor Relations Mark Begor - Chief Executive Officer John Gamble - Chief Financial Officer Conference Call Participants Manav Patnaik - Barclays Kelsey Zhu - Autonomous Research Andrew Nicholas - William Blair Surinder Thind - Jefferies Kyle Peterson - Needham & Company Scott Wurtzel - Wolfe Research Kevin McVeigh - UBS Jason Haas - Wells Fargo Jeff Meuler - Baird Owen Lau - Oppenheimer Craig Huber - Huber Research Partners Toni Kaplan - Morgan Stanley Ashish Sabadra - RBC Capital Markets George Tong - Goldman Sachs Andrew Stein - FT Partners Operator Greetings, and welcome to the Equifax Inc. Third Quarter 2024 Earnings Conference Call. At this time all participants are in a listen-only mode.
EFX's Workforce Solutions and USIS segments exceed expectations, while the International division misses the same in the third quarter of 2024.
While the top- and bottom-line numbers for Equifax (EFX) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Equifax (EFX) came out with quarterly earnings of $1.85 per share, beating the Zacks Consensus Estimate of $1.84 per share. This compares to earnings of $1.76 per share a year ago.
Equifax (EFX) indicates a sustained revenue growth momentum and its diverse client base mitigates sector-centric challenges. Other two major stocks are: BAH, FI.
#Morningstar  #ValueStocks #StockInvesting As value stocks rebound, here's where the smart money is investing. 00:00 Introduction 00:40 CVS CVS 01:39 Abbott ABT 02:26 Equifax EFX Susan Dziubsinki: I'm Susan Dziubinski with Morningstar.
EFX's third-quarter 2024 revenues are expected to have gained from the company's strong performances across Europe and Latin America.
Beyond analysts' top -and-bottom-line estimates for Equifax (EFX), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended September 2024.
The EFX stock is gaining from the acquisitions that enable it to operate across the globe and expand its product portfolio.
TCEHY, EFX and PAHC made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on October 10, 2024.