Equifax Sees Q2 Adj. EPS $1.65-$1.75 vs $1.87 Est., Revenue $1.41B-$1.43B vs $1.44B Est.; Sees FY24 Adj. EPS $7.20-$7.50 vs $7.64 Est., Revenue $5.67B-$5.77B vs $5.78B Est.
Portfolio Pulse from Benzinga Newsdesk
Equifax has provided guidance for Q2 and FY24, projecting lower than estimated adjusted EPS and revenue. For Q2, the adjusted EPS is expected to be between $1.65 and $1.75, compared to the $1.87 estimate, with revenue projections of $1.41B to $1.43B against a $1.44B estimate. For FY24, the adjusted EPS forecast is $7.20 to $7.50, below the $7.64 estimate, and revenue is anticipated to be between $5.67B and $5.77B, compared to the $5.78B estimate.
April 17, 2024 | 8:14 pm
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Equifax projects lower than expected Q2 and FY24 adjusted EPS and revenue, indicating potential challenges ahead.
Equifax's projection of lower than expected adjusted EPS and revenue for both Q2 and FY24 suggests potential operational or market challenges that could negatively impact its stock price in the short term. Given the significance of earnings forecasts in investor decision-making, this news is likely to lead to negative sentiment among investors, thus potentially driving the stock price down.
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IMPORTANCE 90
RELEVANCE 100