Equifax Earnings: EFX Stock Edges Largely Unmoved as EPS Top Guidance

Equifax (NYSE:EFX) unveiled its latest quarterly earnings results late Wednesday, bringing in a profit and sales that surpassed what Wall Street called for–EFX stock moved up slightly after hours.

Equifax Earnings
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The consumer reporting agency announced that for its second quarter of fiscal 2019, it brought in net income of $66.8 million, or 55 cents per share. This is less than half the $144.8 million, or $1.19 per share, that the business amassed during the same period a year ago.

Equifax added that its adjusted earnings tallied up to $1.40 per share, which is stronger than the $1.36 per share that Wall Street called for, according to data compiled by FactSet. The brand’s operating revenue tallied up to $880 million, higher than the $876.9 million from the same period a year ago.

Analysts also called for revenue to tally up to $873 million, which is based on a survey of analysts conducted by FactSet. Equifax sees its third-quarter earnings at roughly $1.41 to $1.46 per share, as well as revenue of $865 million to $880 million for the period.

For the fiscal year, projects earnings of $5.57 to $5.77 per share, as well as sales in the range of $3.43 billion to $3.53 billion. Wall Street predicts earnings of $1.51 per share and revenue of $866.9 million for the quarter, as well as a full-year profit of $5.64 per share and sales of $3.47 billion.

EFX stock is up a fraction after the bell today following the company’s quarterly earnings figures. Shares had been gaining about 1.3% during regular trading hours in anticipation of Equifax’s results.

Article printed from InvestorPlace Media, https://investorplace.com/2019/07/equifax-earnings-efx-stock/.

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