Yahoo Finance Equifax First Quarter 2024 Earnings: EPS Misses Expectations
Equifax (NYSE:EFX) First Quarter 2024 Results
Key Financial Results
Revenue: US$1.39b (up 6.7% from 1Q 2023).
Net income: US$124.9m (up 11% from 1Q 2023).
Profit margin: 9.0% (up from 8.6% in 1Q 2023). The increase in margin was driven by higher revenue.
EPS: US$1.01 (up from US$0.92 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Equifax EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.1%.
Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Professional Services industry in the US.
Performance of the American Professional Services industry.
The company's shares are down 13% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 1 warning sign for Equifax that you need to be mindful of.
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