Equifax Sees Q3 Reported Revenue $1.425B-$1.445B Vs $1.45B Est.; Sees FY Reported Revenue $5.690B-$5.750B Vs $5.72B Est.
Portfolio Pulse from Benzinga Newsdesk
Equifax has provided its Q3 and FY revenue guidance. The company expects Q3 reported revenue to be between $1.425 billion and $1.445 billion, slightly below the estimated $1.45 billion. For the full year, Equifax anticipates reported revenue between $5.690 billion and $5.750 billion, compared to the estimated $5.72 billion.
July 17, 2024 | 8:13 pm
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NEGATIVE IMPACT
Equifax's Q3 and FY revenue guidance falls slightly below analyst estimates. This could lead to a short-term negative impact on the stock price as investors react to the lower-than-expected revenue projections.
Equifax's revenue guidance for both Q3 and the full year is slightly below analyst expectations. This discrepancy is likely to cause a short-term negative reaction in the stock market as investors adjust their expectations based on the new guidance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100