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Will Equifax (EFX) Beat Estimates Again in Its Next Earnings Report?
EquifaxEquifax(US:EFX) ZACKSยท2024-07-11 17:16

Core Viewpoint - Equifax has demonstrated a consistent ability to beat earnings estimates, with a positive earnings surprise history contributing to bullish analyst sentiment regarding its future earnings prospects [4][5][6]. Group 1: Earnings Performance - For the last reported quarter, Equifax achieved earnings of $1.50 per share, exceeding the Zacks Consensus Estimate of $1.44 per share, resulting in a surprise of 4.17% [1]. - In the previous quarter, Equifax was expected to post earnings of $1.74 per share but delivered $1.81 per share, yielding a surprise of 4.02% [1]. - The average surprise for the last two quarters was 4.09%, indicating a strong trend in beating earnings estimates [4]. Group 2: Analyst Sentiment - Equifax currently has an Earnings ESP of +0.66%, suggesting that analysts have recently become more optimistic about the company's earnings prospects [6]. - The positive Earnings ESP, combined with a Zacks Rank of 3 (Hold), indicates a potential for another earnings beat in the upcoming report [6]. - Estimates for Equifax have been trending higher, reflecting the company's history of earnings surprises [5]. Group 3: Investment Considerations - Investors are encouraged to check a company's Earnings ESP prior to quarterly releases to enhance the likelihood of successful investment decisions [7]. - Equifax is positioned well within the Zacks Financial Transaction Services industry, making it a stock to consider for those looking for companies with a solid history of beating earnings estimates [8].