Equifax Third Quarter 2024 Earnings: EPS Misses Expectations

Equifax (NYSE:EFX) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$1.44b (up 9.3% from 3Q 2023).
• Net income: US$141.3m (down 13% from 3Q 2023).
• Profit margin: 9.8% (down from 12% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: US$1.14 (down from US$1.32 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Equifax EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 21%.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Professional Services industry in the US.

Performance of the American Professional Services industry.

The company's shares are down 1.2% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Equifax that you need to be mindful of.

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