Equifax sees Q3 2026 revenue between $1.68 bln and $1.71 bln
Company expects Q3 2026 adjusted EPS of $2.15 to $2.25
Equifax doubles 2026-2028 AI-driven cost reduction target to $150 mln
Overview
U.S. credit bureau's Q2 revenue rose 11%, meeting analyst expectations
Adjusted EPS for Q2 rose 13%, beating analyst expectations
Company to acquire Mexico's Círculo de Crédito for $750 mln, doubled AI cost reduction target
Result Drivers
USIS GROWTH - USIS segment revenue rose 17% in Q2, with mortgage revenue up 40%, driven by increased activity in U.S. mortgage and diversified markets
WORKFORCE SOLUTIONS - Workforce Solutions revenue grew 7%, led by double-digit gains in Talent Solutions and Consumer Lending, and new government contracts totaling about $300 mln in annual value
PRODUCT INNOVATION - New product launches leveraging EFX Cloud and AI contributed to a 16% new product Vitality Index, above the company's long-term goal
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 17 "strong buy" or "buy", 9 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the professional information services peer group is "buy"
Wall Street's median 12-month price target for Equifax Inc is $220.00, about 22.2% above its July 20 closing price of $180.08
The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 20 three months ago
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