Why Professional Services Company Equifax Shares Are Surging Today
Portfolio Pulse from Lekha Gupta
Equifax Inc. (NYSE:EFX) shares are surging after reporting better-than-expected Q2 FY24 financial results. Revenue grew 9% Y/Y to $1.43 billion, beating estimates. Adjusted EPS of $1.82 surpassed expectations. The company revised its FY24 guidance and received a price target upgrade from BofA Securities. EFX shares are up 5%.
July 18, 2024 | 4:18 pm
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Equifax Inc. (NYSE:EFX) shares are up 5% after the company reported better-than-expected Q2 FY24 results. Revenue grew 9% Y/Y to $1.43 billion, and adjusted EPS of $1.82 surpassed expectations. The company also revised its FY24 guidance and received a price target upgrade from BofA Securities.
The better-than-expected financial results, revised guidance, and price target upgrade are strong positive signals for investors, leading to a 5% increase in EFX shares.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Fidelity Disruptive Finance ETF (NASDAQ:FDFF) may see positive movement as it holds Equifax shares, which surged 5% after reporting strong Q2 FY24 results.
As FDFF holds Equifax shares, the positive performance of EFX is likely to have a beneficial impact on the ETF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
VanEck ETF Trust VanEck Morningstar Wide Moat Growth ETF (BATS:MGRO) may see positive movement as it holds Equifax shares, which surged 5% after reporting strong Q2 FY24 results.
As MGRO holds Equifax shares, the positive performance of EFX is likely to have a beneficial impact on the ETF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50