Equifax Misses Q3 Street View, Reduces FY23 Outlook Again On Sluggish US Mortgage Market
Portfolio Pulse from Lekha Gupta
Equifax Inc (NYSE:EFX) reported Q3 FY23 revenues of $1.319 billion, missing the consensus of $1.332 billion. The company also reduced its FY23 outlook due to the sluggish US mortgage market. Adjusted EPS rose 2% Y/Y to $1.76, below the consensus of $1.78. For 2023, the company reduced the outlook for revenues to $5.246 billion-$5.266 billion and adjusted EPS to $6.62-$6.72. EFX shares closed lower by 3.15% at $175.16 on Wednesday.
October 19, 2023 | 10:17 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Equifax missed Q3 estimates and reduced its FY23 outlook due to the sluggish US mortgage market. This led to a 3.15% drop in its stock price.
Equifax's Q3 revenue and EPS missed estimates, and the company reduced its FY23 outlook, citing a sluggish US mortgage market as the main reason. This negative news likely contributed to the 3.15% drop in its stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100