Equifax Inc. (EFX) has had an impressive run over the past year. The stock has gained 33.4%, outperforming the 24.6% rally of the industry it belongs to and the 28.7% rise of the Zacks S&P 500 composite.The company recently reported better-than-expected fourth-quarter 2023 results. Adjusted earnings came in at $1.81 per share, beating the Zacks Consensus Estimate by 4% and increasing 19.1% year over year. Total revenues of $1.3 billion beat the consensus mark by 1.1% and increased 10.7% year over year on a ...

TORONTO, Feb. 27, 2024 (GLOBE NEWSWIRE) -- A new survey* by Equifax Canada sheds light on a public increasingly worried about the potential rise in fraudulent activity across industries. In addition, Equifax Canada data shows mortgage fraud and identity fraud continuing to escalate across the country as economic pressure continue. Key Overall Findings: Economy Fuels Fears: Over 76 per cent of Canadians surveyed believe financial hardships may increase the likelihood of people committing fraud and theft, su ...

FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________ For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-06605 ____________________________________ EQUIFAX INC. (Exact name of registrant as specified in its chart ...

ATLANTA, Feb. 15, 2024 /PRNewswire/ -- Equifax® (NYSE: EFX) will participate in several upcoming investor conferences. Mark W. Begor, Chief Executive Officer, and Trevor Burns, Senior Vice President of Corporate Investor Relations, will attend the Evercore ISI Payments & FinTech Innovators Forum on Thursday, February 29, 2024, including participating in a Fireside Chat at 9:40 A.M. Eastern Time. John Gamble, Chief Financial Officer, and Trevor Burns will attend the Bank of America Information & Business Ser ...

Financial Data and Key Metrics Changes - In Q4 2023, Equifax reported revenue of $1.327 billion and adjusted EPS of $1.81 per share, both at the high end of guidance, with EBITDA margins at 33.7%, up about 60 basis points sequentially [30][31] - The company achieved 2% organic constant currency revenue growth for 2023, with 7% organic constant currency non-mortgage revenue growth, reflecting a sequential improvement with 8% total growth and 9% non-mortgage growth in Q4 [5][30] - Mortgage revenue was $78 million in Q4, representing 18% of total USIS revenue, with a significant decline in mortgage inquiries down 17% [44][32] Business Line Data and Key Metrics Changes - EWS non-mortgage revenue grew 17%, driven by strong performances in government and talent businesses, while USIS delivered 4% revenue growth with 7% non-mortgage growth [9][13] - The company launched over 100 new products in 2023, achieving a vitality index of 14%, exceeding the long-term goal of 10% [26][50] - International revenue grew 22% in constant currency, with 6% organic constant currency growth, led by strong performance in Latin America and Europe [21][59] Market Data and Key Metrics Changes - The total U.S. mortgage market showed slight improvement, with mortgage rates declining from 7.9% to 6.8% late in the year, leading to increased activity [32][33] - Auto delinquency rates for prime consumers remained stable and below 1%, while subprime delinquencies were above pre-pandemic levels [15][35] - The company expects international constant currency growth to exceed 15% in 2024, with organic constant currency growth around 10% [59] Company Strategy and Development Direction - Equifax is focused on completing its North American cloud transformation and expects to have about 90% of revenue in the new Equifax cloud by the end of 2024 [10][95] - The company aims to leverage its differentiated data assets and new cloud capabilities to drive new solutions and maintain competitive advantages [51][72] - The strategic priority for 2024 includes completing the cloud transformation and leveraging new capabilities to drive growth [94][116] Management's Comments on Operating Environment and Future Outlook - Management noted that the U.S. consumer remains resilient, with low unemployment and strong job openings, although there are constraints in white-collar hiring [34][34] - The mortgage market is expected to recover, with potential for over $1 billion in annual revenue opportunities as inquiry levels normalize [92][94] - The company anticipates modest economic deceleration in 2024, with overall revenue growth expected to be around 8.6% [75][76] Other Important Information - Equifax incurred a restructuring charge of $19 million in Q4 2023 as part of its technology transformation [23] - The company expects to see a significant reduction in capital spending to about $475 million in 2024, reflecting progress in cloud transformation [80][106] - Adjusted EBITDA is projected to be about $1.9 billion in 2024, with adjusted EBITDA margins expected to be around 33.3% [80][83] Q&A Session Summary Question: Can you confirm the inquiries versus USIS versus twin? - Management indicated that twin inquiries are expected to perform slightly better than USIS due to better shopping activity [118] Question: What are the volume assumptions for talent? - Management did not provide specific details in the response [119] Question: Clarification on mortgage revenue percentages? - Mortgage revenue was 15% of total in Q4 and 19% for the fiscal year, expected to be around 20% in Q1 based on outperformance [122]

Equifax (EFX) reported $1.33 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 10.7%. EPS of $1.81 for the same period compares to $1.52 a year ago.The reported revenue represents a surprise of +1.06% over the Zacks Consensus Estimate of $1.31 billion. With the consensus EPS estimate being $1.74, the EPS surprise was +4.02%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ex ...

Equifax (EFX) came out with quarterly earnings of $1.81 per share, beating the Zacks Consensus Estimate of $1.74 per share. This compares to earnings of $1.52 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.02%. A quarter ago, it was expected that this credit reporting company would post earnings of $1.78 per share when it actually produced earnings of $1.76, delivering a surprise of -1.12%.Over the last four quarters, the c ...

ATLANTA, Feb. 7, 2024 /PRNewswire/ -- Equifax Inc. (NYSE: EFX) today announced financial results for the quarter and full year ended December 31, 2023. Fourth quarter 2023 revenue of $1.327 billion grew strong 11%, with 14% non-mortgage local currency revenue growth Workforce Solutions 4Q revenue growth of 10%, with strong 17% non-mortgage revenue growth and Verification Services non-mortgage revenue growth of very strong 27% with strong growth in Government and Talent USIS 4Q revenue growth of 5% with 16% ...

ATLANTA, Feb. 7, 2024 /PRNewswire/ -- Equifax® (NYSE: EFX) today announced that the Equifax Board of Directors declared a quarterly dividend of $0.39 per share, payable on March 15, 2024, to shareholders of record as of the close of business on February 23, 2024. Equifax has paid cash dividends for more than 100 consecutive years. ABOUT EQUIFAX INC.At Equifax (NYSE: EFX), we believe knowledge drives progress. As a global data, analytics, and technology company, we play an essential role in the global econom ...

Investors interested in stocks from the Financial Transaction Services sector have probably already heard of Fiserv (FI) and 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 proven Zacks Rank puts an emphasis on earnings estim ...