Equifax Inc. ($EFX) Stock Forecast: Up 5.2% Today

What is Equifax Inc.?

Equifax (EFX) is a consumer credit ratings firm listed on the NYSE. The company provides credit information and analysis to businesses and consumers.

Why is Equifax Inc. going up?

EFX stock is up 5.2% on Jul 18, 2024 14:41

• Strong Q2 2024 earnings were reported by Equifax, surpassing both EPS and revenue estimates, indicating robust financial performance.
• Despite the favorable earnings report, Equifax projected lower-than-anticipated revenue for Q3, potentially linked to a mortgage market slowdown.
• Growth in Equifax's workforce solutions and international segments played a key role in the company's overall strong performance.
• Equifax's ability to exceed earnings and revenue estimates suggests a positive outlook for the stock, possibly influencing the bullish market trend.

EFX Price Chart

EFX News

EFX Stock Earnings: Equifax Beats EPS, Beats Revenue for Q2 2024

Equifax (NYSE:EFX) just reported results for the second quarter of 2024. Equifax reported earnings per share of $1.82. This was above the analyst estimate for EPS of $1.73. The company reported revenue of $1.43 billion. This was 0.77% better than the analyst estimate for revenue of $1.42 billion. InvestorPlace Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at editor@investorplace.com.

https://investorplace.com/earning-results/2024/07/efx-stock-earnings-equifax-for-q2-of-2024/

Equifax sees Q3 revenue below estimates amid mortgage market slowdown

(Reuters) - Consumer credit ratings firm Equifax forecast third-quarter revenue below Wall Street estimates on Wednesday as higher-for-longer interest…

https://kfgo.com/2024/07/17/equifax-sees-q3-revenue-below-estimates-amid-mortgage-market-slowdown/

Equifax Inc (EFX) Q2 2024 Earnings: Revenue and EPS Beat Analyst Estimates, Strong Growth in ...

Equifax Inc (EFX) Q2 2024 Earnings: Revenue and EPS Beat Analyst Estimates, Strong Growth in Workforce Solutions and International Segments

https://www.gurufocus.com/news/2475324/equifax-inc-efx-q2-2024-earnings-revenue-and-eps-beat-analyst-estimates-strong-growth-in-workforce-solutions-and-international-segments

Equifax ( EFX ) Surpasses Q2 Earnings and Revenue Estimates

Equifax (EFX) delivered earnings and revenue surprises of 5.81% and 0.85%, respectively, for the quarter ended June 2024. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2303895/equifax-efx-surpasses-q2-earnings-and-revenue-estimates

Equifax Inc Q2 Profit Increases, Beats Estimates

WASHINGTON (dpa-AFX) - Equifax Inc (EFX) revealed earnings for its second quarter that increased from last year and beat the Street estimates.The company''s bottom line came in at $163.9 million, o…

https://www.finanznachrichten.de/nachrichten-2024-07/62756503-equifax-inc-q2-profit-increases-beats-estimates-020.htm

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Equifax Inc. Price History

15.01.2024 - EFX Stock was up 5.1%

• Equifax is set to participate in forthcoming investor conferences, implying optimism for the company's future.
• An upward adjustment to Equifax's stock target price by Truist Financial indicates a favorable outlook on its performance.
• The absence of a summary for the Q4 2023 earnings call transcript leaves an opportunity for conjecture, potentially hinting at positive developments or valuable information concerning Equifax's financial performance.

12.05.2024 - EFX Stock was up 7.2%

• Equifax (EFX) has shown impressive performance over the past 15 years, outperforming the market with an average annual return of 15.58%.
• The company's strategic acquisitions have enabled it to offer a wide range of consumer insights, financial data, and market opportunities, contributing to its continued growth.
• Positive investor sentiment towards Equifax's long-term value and growth potential likely fueled today's bullish movement in the stock.
• The comparison between Equifax (EFX) and WEX in terms of value may have also attracted investor attention, with Equifax potentially being perceived as a more attractive investment option.

18.03.2024 - EFX Stock was down 9.8%

• The decline in Equifax (EFX) stock today is due to the following factors:
• Weaker-than-expected first-quarter sales results and lower guidance compared to expectations resulted in a significant drop in the stock price.
• Missing revenue guidance for Q1 2024 disappointed investors and contributed to the negative sentiment surrounding the stock.
• Despite exceeding EPS estimates, the revenue miss and cautious outlook for the future created uncertainty among investors, prompting a sell-off in the stock.
• The weak performance of other major stocks like Synovus Financial also affected market sentiment, putting downward pressure on Equifax shares.

10.03.2024 - EFX Stock was down 5.3%

• The bearish movement in Equifax's stock today could be attributed to several factors:
• The mixed performance of high-quality stocks may have led investors to shift their focus away from non-tech firms like Equifax, impacting its stock price negatively.
• Despite the price target uptick by Stifel, investors might be cautious due to uncertainties surrounding the upcoming earnings release, leading to a sell-off in the stock.
• The comparison between Equifax and PagSeguro Digital for better value might have sparked concerns among investors, causing them to reevaluate their positions in Equifax.
• The strategic relationship with Worth AI to improve underwriting and risk management, while positive in the long term, may not have provided immediate reassurance to investors, contributing to the bearish sentiment.

09.01.2024 - EFX Stock was up 5.0%

• The bullish movement in EFX stock today can be attributed to the following factors:
• 1. Strong Q4 Results: Equifax reported better-than-expected fourth-quarter earnings and revenues, with revenues up 11% year over year. This positive performance indicates that the company is performing well and generating growth.
• 2. Beating Estimates: Equifax's earnings and revenue surprises, surpassing analyst estimates, have likely boosted investor confidence in the company's future prospects.
• 3. Mortgage Headwinds: Despite the positive results, there are concerns about the mortgage market, which could impact Equifax's revenue in 2024. However, this news seems to have been overshadowed by the overall positive performance of the company in the short term.
• 4. Market Sentiment: The overall bullish sentiment in the market may have also contributed to the upward movement in EFX stock.
• In conclusion, Equifax's strong Q4 results and beating estimates have likely driven the bullish movement in its stock today, despite concerns about the mortgage market.

18.03.2024 - EFX Stock was down 9.9%

• Today, Equifax (EFX) experienced a strong bearish movement in the market due to its first-quarter earnings report missing revenue estimates and issuing guidance below expectations:
• Despite surpassing earnings per share estimates, the company's weaker-than-expected first-quarter sales results led to a sharp decline in its stock price.
• The miss in revenue and disappointing guidance for the second quarter and full year highlighted concerns among investors about the company's growth prospects.
• The market's reaction to Equifax's performance underscores the importance of meeting revenue expectations and providing optimistic guidance to maintain investor confidence and support stock price stability.
• Moving forward, investors will closely monitor how Equifax addresses its revenue challenges and adjusts its strategies to align with market expectations in order to regain positive momentum in the stock price.

11.03.2024 - EFX Stock was down 5.3%

• Equifax shares experienced significant downward movement, despite receiving a price target increase to $295.
• The Q1 overview indicated a recovery in non-mortgage growth, particularly driven by Workforce Solutions. However, a decrease in mortgage credit inquiries had a negative impact on overall growth.
• A comparison with PagSeguro Digital Ltd. in the Financial Transaction Services sector raised uncertainties about Equifax's current value proposition.
• Despite entering into a strategic partnership with Worth AI to enhance underwriting and risk management for small businesses, this did not fully counteract the market's bearish sentiment towards the stock, contributing to its decline.

10.03.2024 - EFX Stock was down 5.0%

• The strategic relationship with Worth AI to enhance underwriting and risk management for small businesses could indicate a positive long-term outlook for Equifax, potentially improving its services and market positioning.
• The announcement of the earnings release date for the first quarter of 2024 may have created anticipation and uncertainty among investors, leading to a bearish movement as they await the financial results.
• Despite the positive news of collaborations and upcoming earnings release, the overall market sentiment towards high-quality stocks experiencing a pullback might have influenced the bearish movement in Equifax's stock price today.
• The market's focus on high-grade firms and the impact of emotional investor behavior could have contributed to the downward trend in Equifax's stock performance amidst broader market dynamics.

01.06.2024 - EFX Stock was down 2.1%

• The comparison between FI and EFX might have highlighted some weaknesses in EFX, leading to a decrease in investor confidence.
• Investors may have shifted their focus towards FI as a better value option, causing a sell-off in EFX shares.
• Concerns about EFX's valuation or growth prospects could have prompted traders to sell their positions in the stock.

11.06.2024 - EFX Stock was up 5.1%

• Equifax (EFX) experienced a strong bullish movement today, likely driven by positive market sentiment and investor optimism.
• Equifax has a history of beating earnings estimates, indicating strong performance and potential for future growth.
• Comparisons between Equifax and Fiserv may have sparked investor interest in Equifax's value proposition, contributing to the bullish movement.
• Despite some caution regarding earnings expectations, the overall market sentiment and potential growth opportunities could have led to the bullish movement in the stock.

11.06.2024 - EFX Stock was up 5.4%

• The bullish movement in EFX stock today could be attributed to the anticipation of strong earnings growth expected in the upcoming period.
• Investors seem optimistic about Equifax's potential to exceed earnings expectations, driving the stock price higher.
• The positive sentiment surrounding EFX may be fueled by the belief that the company is well-positioned to capitalize on its data and analytics capabilities in a data-driven market environment.

18.06.2024 - EFX Stock was up 5.2%

• Strong Q2 2024 earnings were reported by Equifax, surpassing both EPS and revenue estimates, indicating robust financial performance.
• Despite the favorable earnings report, Equifax projected lower-than-anticipated revenue for Q3, potentially linked to a mortgage market slowdown.
• Growth in Equifax's workforce solutions and international segments played a key role in the company's overall strong performance.
• Equifax's ability to exceed earnings and revenue estimates suggests a positive outlook for the stock, possibly influencing the bullish market trend.