Equifax (EFX) reported quarterly earnings of $1.43 per share on March 2023, surpassing the Zacks Consensus Estimate of $1.37 per share but down from $2.22 per share a year prior. The company’s quarterly revenue was $1.3 billion, exceeding estimates by 1.49%, despite a decline from $1.36 billion year-over-year. This earnings report marks the fourth consecutive quarter of surpassing consensus EPS estimates.
Despite the earnings surprise of 4.38%, Equifax’s stock has underperformed this year, gaining only 0.2% compared to the S&P 500’s 8.2%. The current consensus EPS estimate for the upcoming quarter stands at $1.84, with projected revenues of $1.35 billion, and for the current fiscal year, estimates are $7.19 per share on $5.33 billion in revenues. The company’s Zacks Rank is currently rated #4 (Sell), indicating potential challenges ahead.
