Equifax Revises Guidance Downward To Reflect Impact Of Weaker-Than-Expected US Mortgage Originations; FY Revenue Midpoint $5.3B vs $5.32B Est., Adj. EPS $6.98 vs $7.17 Est.
Portfolio Pulse from Bill Haddad
Equifax has revised its guidance downward due to weaker-than-expected US mortgage originations. The company now expects FY revenue midpoint to be $5.3B, compared to the previous estimate of $5.32B, and adjusted EPS to be $6.98, down from $7.17.
July 19, 2023 | 8:12 pm
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Equifax's downward revision of its guidance due to weaker US mortgage originations may negatively impact its stock price in the short term.
Equifax's downward revision of its guidance indicates that the company's financial performance may not meet previous expectations, which could lead to a decrease in its stock price. The weaker-than-expected US mortgage originations could also indicate potential challenges in the company's business environment.
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