Wall Street analysts forecast that Equifax (EFX) will report quarterly earnings of $1.84 per share in its upcoming release, pointing to a year-over-year increase of 4.6%. It is anticipated that revenues will amount to $1.44 billion, exhibiting an increase of 9.5% compared to the year-ago quarter. The consensus EPS estimate for the quarter has undergone an upward revision of 0.9% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed thei ...

Core Insights - Equifax Canada has appointed Ramon Yarde as Chief Data Officer to enhance data, analytics, and insights for Canadian consumers and businesses [1][4] - Yarde has been with Equifax Canada since 2006 and has held various leadership roles, including interim CDO since February 2024 [2] - The company aims to improve financial inclusion by incorporating nontraditional data, such as rental payment information, into credit scores [3] Company Strategy - Yarde will focus on expanding the depth and predictiveness of Equifax's insights to increase access to credit for Canadians [3] - The appointment reflects Equifax's commitment to data excellence and leveraging data-driven innovation to benefit Canadian consumers [4] - The company emphasizes the importance of best-in-class security and responsible governance in its data strategy [4] Leadership Perspective - Sue Hutchison, President and CEO of Equifax Canada, highlighted Yarde's deep understanding of the business and data assets as key to his leadership role [4] - Yarde stated that unique Equifax data enables innovation and maximizes AI performance, which helps create effective insights for customers [4]

Core Insights - Equifax Inc. is experiencing strong top-line momentum, which is expected to persist in the coming years, supported by acquisitions that enhance its core business [1][3] - The company reported impressive second-quarter 2024 results, with adjusted earnings of $1.82 per share, exceeding estimates by 5.8% and showing a year-over-year increase of 6.4%. Total revenues reached $1.4 billion, surpassing consensus estimates and increasing by 8.6% from the previous year [2] Revenue Growth - Equifax's revenues have compounded at an annual growth rate (CAGR) of 8.5% from 2019 to 2023, with expectations for continued growth driven by synergies from acquisitions, consumer credit activity, product innovation, and effective business execution [3] Acquisitions - The company has made strategic acquisitions to enhance its core business, including the acquisition of Boa Vista Servicos in 2023, which expanded its presence in Brazil and allowed customers to leverage Equifax's international capabilities [4] - In 2022, Equifax acquired Midigator LLC and Efficient Hire, enhancing its offerings in digital identity, fraud prevention, and HR-focused solutions [5] Dividend Appeal - Equifax is attractive to dividend-seeking investors, having paid out dividends of $191.8 million in 2023, $191.1 million in 2022, and $190 million in 2021, indicating a consistent dividend policy [6] Customer Importance - Equifax's services are crucial for customers who rely on credit information and analytical services for processing various types of loans, utilizing advanced statistical techniques to provide customized insights and decision-making solutions [7] Seasonality and Liquidity - Seasonality poses challenges in forecasting the company's prospects, making year-over-year comparisons more relevant. The current ratio at the end of Q2 2024 was 0.79, indicating potential liquidity issues as it is below the previous year's ratio of 1.2 [8]

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, October 10th: Tencent (TCEHY) This internet service portal company which provides value-added Internet, mobile and telecom services and online advertising, has a Zacks Rank #1(Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.1% over the last 60 days. Tencent's shares gained 14.3% over the last three month compared with the S&P 500's gain of 3.7%. The comp ...

Company's Expanded Partnership with Google Cloud Provides Real-time Access to Anonymized Data Insights for Faster Innovation ATLANTA, Oct. 9, 2024 /PRNewswire/ -- Equifax® (NYSE: EFX) has expanded its partnership with Google Cloud to securely deliver anonymized, differentiated data assets on the Google Cloud Analytics Hub, a data exchange backed by the power of BigQuery, Google Cloud's unified data platform, designed to enable efficient and secure data sharing across organizations. Equifax is committed to m ...

ATLANTA, Oct. 2, 2024 /PRNewswire/ -- Equifax® (NYSE: EFX) will announce its financial results for the third quarter ended September 30, 2024, in a release to be issued on October 16, after the market closes. Equifax will host a conference call at 8:30 a.m. Eastern Time (ET) on October 17, in which senior management will discuss financial and business results for the quarter. Related presentation materials will be published on investor.equifax.com on October 17 at 6:30 a.m. ET. Conference Call: US/Canada: 8 ...

– Automotive Fraud Driven by ID Theft and Falsified Credit Applications a Significant Area of Concern for Businesses and Consumers – TORONTO, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Equifax Canada reports that while application fraud is down in some areas, automotive lenders are seeing a surge in fraud. According to new data from Equifax Canada, automotive fraud is up by 54 per cent year-over-year and is largely driven by falsified credit applications and the continued prevalence in identity theft. Ontario has e ...

Collaborative Network Leverages Equifax Commercial Data and Credit Card Transaction Data from Leading Data Providers to Create More Complete Financial Picture of Small Businesses ATLANTA, Sept. 18, 2024 /PRNewswire/ -- Equifax® (NYSE: EFX) has launched a new Merchant Data Network, an Equifax Cloud™-based data network to help provide greater visibility into the financial profiles of U.S small businesses. Designed to give lenders and service providers the increased confidence they need to extend capital in a ...

- Economic Uncertainty and Recent Natural Disasters Could Further Impact Credit Performance for Businesses - Equifax Canada Market Pulse — Q2 2024 Quarterly Business Credit Trends Report TORONTO, Sept. 17, 2024 (GLOBE NEWSWIRE) -- Equifax Canada's Q2 Business Credit Trends Report reveals an uptick in businesses missing credit payments. According to the data, over 56,000 businesses missed at least one financial trade in Q2 2024, up 10.2 per cent from the same period in 2023. At a trade level, the 60+ day (vo ...

alexandre17/iStock via Getty Images I upgraded Equifax (NYSE:EFX) from "Buy' to 'Strong Buy' in my previous coverage published in April 2024, anticipating a modernization of the mortgage business, as well as strong growth momentum in the non-mortgage business. The company delivered 8% organic revenue growth with a 13% growth in non-mortegege businesses in Q2 FY24. It is impressive for the company to deliver 4% growth in US mortgage revenue despite a 13% decline in mortgage credit inquiries. I anticipate the ...