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Equifax Delivers First Quarter 2024 Revenue Growth of 7% to $1.389 Billion Amid Challenging Mortgage Market
Prnewswire· 2024-04-17 20:10
ATLANTA, April 17, 2024  /PRNewswire/ -- Equifax® (NYSE: EFX) today announced financial results for the quarter ended March 31, 2024. First quarter 2024 revenue of $1.389 billion grew strong 7%, with 9% non-mortgage local currency revenue growth. U.S. mortgage revenue grew a strong 6% in the first quarter despite a 19% decline in USIS mortgage credit inquiries. Workforce Solutions first quarter revenue growth of 1%, with strong 7% non-mortgage revenue growth and Verification Services non-mortgage revenue g ...
Should You Buy Equifax (EFX) Ahead of Earnings?
Zacks Investment Research· 2024-04-16 13:36
Investors are always looking for stocks that are poised to beat at earnings season and Equifax Inc. (EFX) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Equifax is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator ...
Equifax (EFX) to Post Q1 Earnings: What's in the Offing?
Zacks Investment Research· 2024-04-12 15:50
Equifax (EFX) is scheduled to report first-quarter 2024 results on Apr 17, after market close.EFX has an impressive earnings surprise history, having outperformed the Zacks Consensus Estimate in three of the preceding four quarters and missing in one, the average being 2.4%.Q1 ExpectationsThe Zacks Consensus Estimate for the top line is pegged at $1.4 billion, suggesting a 7.7% rise from the year-ago quarter’s actual. The uptick is likely to have been due to a strong segmental performance.The consensus esti ...
PAGS vs. EFX: Which Stock Is the Better Value Option?
Zacks Investment Research· 2024-04-08 16:46
Investors looking for stocks in the Financial Transaction Services sector might want to consider either PagSeguro Digital Ltd. (PAGS) or Equifax (EFX) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank is a proven strategy that targets companies with positi ...
Equifax Releases 2023 Security Annual Report
Prnewswire· 2024-03-21 11:45
Fourth Annual Report Highlights Company's Continued Security Leadership and Commitment to Collaboration in Cybersecurity ATLANTA, March 21, 2024 /PRNewswire/ -- Equifax® (NYSE: EFX) today released its 2023 Security Annual Report, documenting the company's continued commitment to security leadership through constant adaptation and proactive protection. The fourth annual report outlines how Equifax increased efficiency, reduced friction and strengthened continuous controls governance across its internal secur ...
Equifax® Canada: Insolvencies Rise Amid Mounting Financial Stress on Canadian Businesses
Newsfilter· 2024-03-19 09:30
- Businesses Feel the Squeeze with Loan Repayments, Insolvencies and Delinquencies - Equifax Canada Market Pulse — Q4 2023 Quarterly Business Credit Trends Report TORONTO, March 19, 2024 (GLOBE NEWSWIRE) -- Many Canadian businesses are facing an uphill battle, as evidenced by a 41.4 per cent surge in business insolvencies in 2023 when compared to 2022. The latest data from Equifax® Canada's Market Pulse Quarterly Business Credit Trends Report also points to a 14.3 per cent uptick in the number of businesses ...
FIS vs. EFX: Which Stock Is the Better Value Option?
Zacks Investment Research· 2024-03-18 16:46
Investors looking for stocks in the Financial Transaction Services sector might want to consider either Fidelity National Information Services (FIS) or Equifax (EFX) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank favors stocks ...
Equifax and VTEX Join Forces to Enhance Fraud Protection for Customers Worldwide
Prnewswire· 2024-03-18 11:45
ATLANTA, March 18, 2024 /PRNewswire/ -- Equifax® (NYSE: EFX) has joined forces with VTEX (NYSE: VTEX), the composable and complete commerce platform for premier B2C and B2B brands, to help fortify fraud prevention capabilities for merchants across the globe. This strategic partnership, which started in 2023, combines the fraud detection and prevention expertise from Equifax with the robust VTEX commerce platform, empowering enterprise customers to better secure their businesses while delivering unmatched cu ...
Equifax® Canada Report Reveals Increased Financial Strain as Credit Delinquencies Continue to Rise
Newsfilter· 2024-03-05 10:30
Ontario & British Columbia Lead Rise in Missed Mortgage Payments Equifax Canada Market Pulse — Q4 2023 Quarterly Consumer Credit Trends Report TORONTO, March 05, 2024 (GLOBE NEWSWIRE) -- According to Equifax® Canada's latest Market Pulse Consumer Credit Trends and Insights report, economic pressure is more visible as many consumers struggle to make monthly credit payments. Delinquency rates for non-mortgage balances that are 90+ days overdue went up from one per cent in Q4 2022 to 1.3 per cent in Q4 2023, r ...
Equifax Introduces Business Verification Solution
Prnewswire· 2024-02-27 21:45
New Offering Enables Faster, More Informed Decisions Prior to Establishing Business Relationships ATLANTA, Feb. 27, 2024 /PRNewswire/ -- Equifax® (NYSE: EFX) is launching a real-time, Know Your Business (KYB) online Business Verification Solution offering to help U.S. lenders and businesses of all sizes make faster, more informed decisions before onboarding new accounts or vendors.  New business applications in the United States have been growing at an unprecedented rate, with five million applications subm ...