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 ...

ATLANTA, Aug. 29, 2024 /PRNewswire/ -- Equifax® (NYSE: EFX) will participate in several upcoming investor conferences in September. Mark. W. Begor, Chief Executive Officer, and John Gamble, Chief Financial Officer, will attend the Barclays Virtual Credit Bureau Day on Wednesday, September 4, 2024 and the Barclays Global Financial Services Conference on Tuesday, September 10, 2024, including participation in a Fireside Chat at 10:30 A.M. Eastern Time. The company invites investors to join a live webcast of t ...

– Financial Challenges May be Driving Rise in Multigenerational Living – Equifax Canada Market Pulse Quarterly Consumer Credit Trends Report TORONTO, Aug. 27, 2024 (GLOBE NEWSWIRE) -- Consumer debt levels rose to $2.5 trillion in the second quarter of 2024, marking a 4.2 per cent increase since Q2 2023, according to the latest Market Pulse Consumer Credit Trends and Insights Report from Equifax® Canada. Credit cards continued to be the primary driver of rising debt with outstanding balances reaching $122 bi ...

Core Insights - Equifax (EFX) has experienced a significant stock increase of 53.9% over the past year, outperforming the industry average of 17% and the Zacks S&P 500 composite's rise of 26.3% [1] Financial Performance - Equifax's earnings have surpassed the Zacks Consensus Estimate in three of the last four quarters, with an average earnings surprise of 3.2% [2] Client Base and Strategic Focus - The company serves a diverse range of industries, including finance, mortgage, telecommunications, and government, which helps mitigate sector vulnerabilities by leveraging strengths across different sectors [3][4] Growth through Acquisitions - Recent acquisitions, such as Efficient Hire and Midigator LLC in 2022, have expanded Equifax's offerings in HR solutions and digital identity, respectively [5] - The acquisition of Boa Vista Servicos in 2023 enhanced Equifax's presence in Brazil and allowed access to its international capabilities [6] Revenue Growth - International revenue growth in Q2 2024 was driven by increases in Latin America and Europe, with the Boa Vista acquisition significantly contributing to revenue surges in Latin America [6]

A month has gone by since the last earnings report for Equifax (EFX) . Shares have added about 11.1% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Equifax due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Equifax Beats on Q2 Earnings Equifax reported impressive s ...

Core Insights - Equifax will participate in several investor conferences in August 2024, indicating active engagement with the investment community [1][2] Group 1: Upcoming Conferences - Trevor Burns, Senior Vice President of Corporate Investor Relations, will attend the following conferences: - Oppenheimer 27th Annual Technology, Internet & Communications Conference on August 14, 2024 - Needham Virtual FinTech & Digital Transformation Conference on August 15, 2024 - Wells Fargo 9th Annual FinTech, Information & Business Services Forum on August 21, 2024 - Deutsche Bank's 2024 Technology Conference on August 28, 2024 [2] Group 2: Company Overview - Equifax is a global data, analytics, and technology company that plays a crucial role in the global economy by assisting financial institutions, companies, employers, and government agencies in making informed decisions [3] - The company is headquartered in Atlanta and employs nearly 15,000 individuals worldwide, with operations or investments in 24 countries across North America, Central and South America, Europe, and the Asia Pacific region [3]

Core Insights - Equifax has launched a new solution called All Employers Within 90 Days™, which allows lenders to verify a borrower's income and employment information from the previous 90 days, addressing customer needs for a more focused verification period [1][4] - The company has also made modifications to its existing verification offerings, All Employers Within 12 Months™ and All Employers Within 24 Months™, to enhance the billing process and improve alignment for lenders [2][5] - The new solutions aim to drive speed and reduce fallout in the mortgage market, enabling lenders to provide a fast and seamless purchase process for homebuyers [3][5] Company Overview - Equifax is a global data, analytics, and technology company that plays a crucial role in the economy by assisting financial institutions, companies, and government agencies in making informed decisions [7] - The company operates or has investments in 24 countries and employs nearly 15,000 people worldwide, highlighting its extensive reach and capabilities in the verification solutions market [7] Industry Context - The mortgage industry is increasingly relying on automated verification solutions to meet the expectations of homebuyers for quick and efficient processes [3][5] - Equifax's offerings are designed specifically for mortgage lenders, providing tailored solutions that cater to various data needs and price points, thus enhancing lender flexibility and reducing time to close [5][6]

Trygve Finkelsen/iStock Editorial via Getty Images Investment summary My recommendation for Equifax (NYSE:EFX) stock is a buy rating. I believe the turnaround in growth, from low single-digits in FY22 and FY23 to high single-digits in FY24 and beyond, is materializing (2Q24 grew ~9%) given the visible growth catalysts and potential upcoming rate cuts in 2H24. Importantly, EFX is finally nearing the end of its cloud migration phase, which should make its FCF profile look better and easier for investors to mo ...