TORONTO, Dec. 17, 2024 (GLOBE NEWSWIRE) -- As Canadians took advantage of retail deals offered between 28 November (US Thanksgiving) and 2 December (Cyber Monday), a new analysis from TransUnion® (NYSE:TRU) found that 2.6% of attempted consumer ecommerce transactions in Canada were suspected to be Digital Fraud during this holiday shopping period. This was up 51% from 1.7% over the US Thanksgiving period last year. The analysis reviewed attempted ecommerce transactions from across the globe and found that 4 ...

Core Insights - TransUnion projects a slowdown in growth for credit card balances and delinquencies by the end of 2025 after four years of increases [1][3][5] Credit Card Market Overview - As of Q3 2024, there are 554.5 million active credit cards in the U.S., an increase of over 100 million from 451.6 million in Q3 2020 [2] - Credit card balances are expected to reach $1.09 trillion by the end of 2024, with a year-over-year increase of 3.9%, and $1.1 trillion by the end of 2025, with a 4.4% increase [3][5] Delinquency Trends - Serious credit card delinquency rates (90+ days past due) are projected to rise to 2.76% in 2025, marking the fifth consecutive year of increases, but at a slower rate compared to previous years [5][6] - Delinquency rates among non-prime credit card borrowers are expected to grow at a slower rate, with a forecasted increase of 4% in 2024 and 8% in 2025, down from 39% and 21% in 2022 and 2023 respectively [4] Economic Context - The growth in credit card balances is anticipated to be driven by gradual price increases and consumer spending, alongside slower personal savings growth [6] - A recent study indicates that 63% of consumers feel their household finances are as planned or better, up from 60% the previous year, suggesting increased consumer confidence [7] Other Credit Products - Delinquencies in auto loans are expected to stabilize in Q4 2024 and decline in Q4 2025, while unsecured personal loan delinquencies are forecasted to remain relatively flat [9][10] - Mortgage delinquency rates are projected to remain low and flat in Q4 2025, despite slight increases in previous years [10]

CHICAGO, Dec. 05, 2024 (GLOBE NEWSWIRE) -- As millions of consumers took advantage of Black Friday and Cyber Monday deals this past week, a new analysis from TransUnion (NYSE: TRU) found that 4.6% of attempted ecommerce transactions globally were suspected to be Digital Fraud from this Thanksgiving to Cyber Monday. Based on proprietary insights from TransUnion’s global intelligence network, TransUnion found that the global suspected Digital Fraud rate was down from 6.0% during the same period in 2023. For a ...

Key findings from TransUnion report: Number of Canadians with access to credit and total outstanding consumer balances reached new records in the third quarter of 2024, mainly driven by Millennial and Gen Z consumersWith an expectation of subsided inflation and lower interest rates, 2025 forecast projects growth in credit activity and improved performance TORONTO, Nov. 26, 2024 (GLOBE NEWSWIRE) -- More Canadians borrowed and used credit in the third quarter of 2024, as interest rates and inflation continued ...

Core Viewpoint - TransUnion reported strong Q3 2024 earnings, with both earnings and revenues exceeding estimates, but the stock has underperformed the S&P 500 in the past month [1][2]. Financial Performance - Adjusted earnings per share (EPS) for Q3 2024 were $1, surpassing the consensus estimate by 2% and increasing 14.3% year-over-year [2]. - Total revenues reached $1.1 billion, exceeding the consensus mark by 2.2% and reflecting a 12% increase from the previous year [2]. Revenue Breakdown by Segments - U.S. Markets segment revenues were $848 million, up 12% year-over-year, with Financial Services revenues at $367 million, growing 17% [3]. - International segment revenues increased to $242 million, an 11% year-over-year rise, with Canada contributing $39 million, a 7% increase [4]. - Revenues from India were $68 million, up 21% year-over-year, while Asia-Pacific revenues were $26 million, reflecting an 11% increase [5]. Operating Performance - Adjusted EBITDA for Q3 was $377 million, marking an 11% year-over-year growth, with an adjusted EBITDA margin of 36.2%, up 120 basis points from the previous year [7]. Balance Sheet and Cash Flow - Cash and cash equivalents at the end of the quarter were $643.2 million, up from $543.2 million in the previous quarter, while long-term debt decreased to $5.1 billion [8]. - Cash generated from operating activities was $229.3 million, with capital expenditures amounting to $68 million [8]. Future Outlook - For Q4 2024, TransUnion expects revenues between $1.01 billion and $1.03 billion, with adjusted EPS guidance of 92-98 cents [9]. - For the full year 2024, revenue guidance has been raised to $4.16-$4.18 billion, with adjusted EPS guidance increased to $3.87-$3.93 [10]. Estimate Trends - Estimates for TransUnion have trended downward over the past month, with a Zacks Rank of 3 (Hold), indicating an expectation of in-line returns in the near term [11][13]. VGM Scores - TransUnion holds a Growth Score of B, a Momentum Score of C, and a Value Score of C, resulting in an aggregate VGM Score of C [12].

TransUnion (TRU) had an impressive run in the past six months. The company’s shares have gained 26.8% compared with its industry and the Zacks S&P 500 composite’s growth of 14% and 11.2%, respectively.Six Months Price PerformanceImage Source: Zacks Investment ResearchTRU’s revenues are expected to rise 8.8% year over year in 2024 and 7.9% in 2025. Its earnings are estimated to increase 16% in 2024 and 16.9% in 2025.TransUnion’s Positive Earnings SurpriseTRU delivered a decent earnings surprise in the traili ...

CHICAGO, Nov. 08, 2024 (GLOBE NEWSWIRE) -- TransUnion (NYSE: TRU) today announced that its Board of Directors declared a cash dividend of $0.105 per share for the third quarter 2024. The dividend will be payable on December 9, 2024, to shareholders of record on November 22, 2024. About TransUnion (NYSE: TRU) TransUnion is a global information and insights company with over 13,000 associates operating in more than 30 countries. We make trust possible by ensuring each person is reliably represented in the mar ...

CHICAGO, Nov. 05, 2024 (GLOBE NEWSWIRE) -- TransUnion (NYSE: TRU) today announced that the company will be presenting at the following investor conferences: On Tuesday, November 12, 2024, Todd Cello, Executive Vice President, Chief Financial Officer, will present at the Baird Global Industrial Conference. The presentation is scheduled to begin at 9:40 a.m. CT (10:40 a.m. ET). On Thursday, November 14, 2024, Chris Cartwright, President and CEO, will present at the J.P. Morgan Ultimate Services Investor Confe ...

Core Insights - A recent TransUnion survey indicates that many consumers are feeling financial strain from their auto and mortgage payments, prompting interest in refinancing as interest rates decline [1][3]. Consumer Sentiment on Mortgages - The survey, conducted with 1,002 recent auto loan customers and 1,025 mortgage loan customers, revealed that 80.1% of recent home buyers feel their mortgage payments are a financial strain and are considering refinancing within the next 12 months [2][4]. - Among recent home buyers, 70% identified more favorable loan terms as a key driver for refinancing, while 67% cited better interest rates and 61% mentioned cash-out refinancing as significant factors [5][6]. Consumer Sentiment on Auto Loans - Similar sentiments were found regarding auto loans, with 65% of respondents agreeing that their current auto loan payments strain their finances, and 63% indicating they would likely refinance if it could reduce their monthly payments [7][8]. - Specifically, 52% of respondents would consider refinancing if it could save them between $50 and $149 monthly [8]. Refinancing Trends - TransUnion data shows that credit unions hold a significant share of the refinancing market, with 67% of the refinance share in 2023, while banks account for 20% [10]. - The stability of these figures highlights a favorable consumer perception of credit unions when exploring refinancing options [10]. Recommendations for Lenders - Lenders are encouraged to actively market to potential refinance candidates, as many consumers are likely to explore refinancing options as interest rates fall [6][11].

TransUnion (TRU) reported impressive third-quarter 2024 results, wherein earnings and revenues beat the Zacks Consensus Estimate.See Zacks Earnings Calendar to stay ahead of market-making news.Better-than-expected earnings failed to impress investors as the stock declined 4.6% since the earnings release on Oct. 23.TRU’s quarterly adjusted earnings (adjusting 69 cents from non-recurring items) of $1 per share surpassed the consensus mark by 2% and increased 14.3% on a year-over-year basis. Total revenues of ...