Equifax set to report strong Q3 earnings with positive revenue growth and long-term growth outlook.

From Nasdaq: 2024-10-16 07:32:00

Equifax Inc (EFX) is set to report third-quarter 2024 earnings on Oct. 16, with an Earnings ESP of +2.42% and Zacks Rank #2. The company offers data and technology services and has shown revenue growth momentum across its segments.

Analysts project revenue growth for Equifax in Q3, with ‘Revenue- US Information Solutions’ expected to rise by 8.7%, ‘Revenue- Workforce Solutions’ by 8.3%, and ‘Revenue- Total International’ by 11.4%. The company operates in the Business Services sector alongside Booz Allen Hamilton Holding Corp. (BAH) and Fiserv Inc. (FI).

For Q3 2024, Equifax is expected to see a 9.5% increase in revenues and a 4.6% rise in EPS year over year. Positive earnings estimate revisions for 2024 and 2025 also indicate a strong growth outlook, with projections showing a long-term EPS growth rate of 19.1%.

With a short-term price target representing a potential 10.7% increase from the last closing price, Equifax stock shows promising upside potential. The stock is positioned to capitalize on the growing demand for AI, Machine Learning, and IoT technologies in the semiconductor sector.



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