Equifax Inc. (NYSE:EFX) Q2 2024 Earnings Conference Call July 18, 2024 8:30 AM ET Company Participants Trevor Burns - Senior Vice President, Head of Corporate Investor Relations Mark Begor - Chief Executive Officer John Gamble - Chief Financial Officer Conference Call Participants Manav Patnaik - Barclays Andrew Steinerman - JPMorgan Heather Balsky - Bank of America Kelsey Zhu - Autonomous Research Faiza Alwy - Deutsche Bank Surinder Thind - Jefferies Andrew Nicholas - William Blair Jeff Meuler - Baird Scot ...

Equifax Inc. (EFX) reported impressive second-quarter 2024 results, wherein earnings and revenues surpassed the Zacks Consensus Estimate. EFX's adjusted earnings (excluding 51 cents from non-recurring items) were $1.82 per share, outpacing the Zacks Consensus Estimate by 5.8% and increasing by 6.4% on a year-over-year basis. Total revenues of $1.4 billion surpassed the consensus estimate by a slight margin and jumped 8.6% from the year-ago quarter. Segmental Information Revenues in the Workforce Solutions s ...

We believe these forward-looking statements are reasonable as and when made. However, forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from our historical experience and our present expectations or projections. These risks and uncertainties include, but are not limited to, those described in our 2023 Form 10-K and subsequent SEC filings. PROPRIETARY | 2 This presentation contains certain non-GAAP financial measures, including adjusted EPS ...

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Shares of Equifax have returned +9.4% over the past month versus the Zacks S&P 500 composite's +4.4% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term. While investors closely watch year-over-year changes in headline numbers -- revenue ...

Over the last four quarters, the company has surpassed consensus EPS estimates three times. Equifax shares have added about 7% since the beginning of the year versus the S&P 500's gain of 18.8%. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate ...

Exhibit 99.1 1550 Peachtree Street, N.W. Atlanta, Georgia 30309 ATLANTA, July 17, 2024 -- Equifax (NYSE: EFX) today announced financial results for the quarter ended June 30, 2024. ® "Equifax had a strong second quarter against our EFX2026 strategic priorities in a challenging mortgage market delivering revenue of $1.430 billion, up a strong 9%. EWS Verification Services revenue was up a very strong 9% driven by Government revenue up 30%. Our U.S. mortgage business grew 4% despite a 13% decline in USIS mort ...

Second quarter 2024 revenue of $1.430 billion grew a strong 9%, with 13% non-mortgage local currency revenue growth. U.S. mortgage revenue grew 4% in the second quarter despite a 13% decline in USIS mortgage credit inquiries. Workforce Solutions second quarter revenue grew 5%, with 12% non-mortgage revenue growth from 20% Verification Services non-mortgage revenue growth led by Government and Talent Solutions. Mortgage revenue was down 12%. USIS second quarter revenue growth of 7% with 27% mortgage revenue ...

Equifax (EFX) is scheduled to report second-quarter 2024 results on Jul 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%. Q2 Expectations The Zacks Consensus Estimate for the top line is pegged at $1.4 billion, suggesting a 7.9% rise from the yearago quarter's actual. Revenues are likely to have benefitted from an improved segmental performance. The cons ...

Over the last 30 days, there has been an upward revision of 0.3% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe. While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding. Analysts ...

For the last reported quarter, Equifax came out with earnings of $1.50 per share versus the Zacks Consensus Estimate of $1.44 per share, representing a surprise of 4.17%. For the previous quarter, the company was expected to post earnings of $1.74 per share and it actually produced earnings of $1.81 per share, delivering a surprise of 4.02%. Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. ...