TransUnion Reports Strong Q3: Double-Digit Gains Across US And International Markets, Boosts FY24 Outlook
Portfolio Pulse from Lekha Gupta
TransUnion (NYSE:TRU) reported strong Q3 results with a 12% revenue increase, surpassing expectations. The company raised its FY24 revenue and EPS outlook, leading to a 6.37% rise in its stock price. Investors can access TRU through VanEck ETFs MGRO and MOTE.
October 23, 2024 | 1:41 pm
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POSITIVE IMPACT
VanEck Morningstar Wide Moat Growth ETF (MGRO) provides exposure to TransUnion, which reported strong Q3 results and raised its FY24 outlook.
MGRO holds TransUnion, which reported strong earnings and an improved outlook. This could positively impact MGRO's performance as TRU's stock price rises.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
VanEck Morningstar ESG Moat ETF (MOTE) includes TransUnion, which reported strong Q3 results and raised its FY24 outlook.
MOTE holds TransUnion, which reported strong earnings and an improved outlook. This could positively impact MOTE's performance as TRU's stock price rises.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
TransUnion reported a 12% increase in Q3 revenue, beating expectations, and raised its FY24 outlook. This led to a 6.37% increase in its stock price.
TransUnion's strong Q3 performance, with revenue and EPS exceeding expectations, and an improved FY24 outlook, positively impacted its stock price. The company's growth in both US and international markets, along with cost-saving measures, supports a positive short-term outlook.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100