From Financial Modeling Prep: 2024-10-24 10:10:12

TransUnion’s Q3 2024 financial performance saw a 12% increase in total revenue, reaching $1.085 billion. The company reported a net income of $68 million, a significant improvement from the previous year’s loss of $319 million. As a result, TransUnion has raised its financial guidance for 2024, expecting a 9% revenue growth for the year.

Analysts like Toni Kaplan from Morgan Stanley set a price target of $119 for TransUnion (TRU), indicating a potential upside of 9.95% from its trading price of $108.23. The company competes with credit reporting agencies like Experian and Equifax in providing credit information and information management services.

During the Q3 2024 earnings conference call, TransUnion’s CEO and CFO discussed the company’s financial performance, highlighting its strategic direction and financial health. The call, conducted in a listen-only mode, provided insights into the positive growth driven by segments like U.S. Financial Services, Insurance, Consumer Interactive, and International.

TransUnion’s strong financial performance in Q3 2024 was fueled by a 12% increase in total revenue, reaching $1.085 billion. The company’s focus on technology modernization and transformation program savings contributed to these positive results. Additionally, TransUnion prepaid $25 million in debt, totaling $105 million in debt prepayments for the year.

With the successful financial outcomes in Q3 2024, TransUnion raised its financial guidance for the year, now expecting a 9% revenue growth. The stock is currently priced at $109.27, with a market capitalization of around $21.23 billion. Today, the stock has fluctuated between $107.59 and $109.99, with a trading volume of 177,284 shares.



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