Equifax (EFX) Reports Earnings Tomorrow: What To Expect - The Chronicle-Journal
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Credit reporting giant Equifax ( NYSE: EFX ) will be announcing earnings results this Tuesday before market hours. Here's what you need to know. Equifax beat analysts' revenue expectations last quarter, reporting revenues of $1.65 billion, up 14.3% year on year. It was a satisfactory quarter for the company, with a beat of analysts' EPS estimates but a slight miss of analysts' EPS guidance for next quarter estimates. 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 10.5% year on year, improving from the 7.4% 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 Q2 results, giving us a hint as to what we can expect. ManpowerGroup delivered year-on-year revenue growth of 7.5%, beating analysts' expectations by 2.9%, and Concentrix reported revenues up 1.9%, in line with consensus estimates. ManpowerGroup traded up 34.1% following the results while Concentrix was down 11.2%. Read our full...
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