TransUnion (TRU) Tops Q4 EPS by 1c, Offers Q1 and FY Guidance

TransUnion (NYSE: TRU) reported Q4 EPS of $0.80, $0.01 better than the analyst estimate of $0.79. Revenue for the quarter came in at $699 million versus the consensus estimate of $696.5 million.

2021 Full Year Outlook:

GAAP Outlook: For 2021, revenue is expected to be between $2.817 billion and $2.877 billion, an increase of 4 to 6 percent compared with 2020. Net income attributable to TransUnion is expected to be between $372 million and $402 million, an increase of 8 to 17 percent. Diluted earnings per share is expected to be between $1.93 and $2.09, an increase of 8 to 17 percent. The revenue growth includes approximately 0.5 percent of benefit from acquisitions and 1 percent of benefit from foreign exchange rates. In addition, the revenue growth rates include a 2 percent headwind due to the projected decline in mortgage revenue.

Adjusted Outlook: For 2021, Adjusted EBITDA is expected to be between $1.083 billion and $1.121 billion, an increase of 4 to 7 percent compared with 2020. Adjusted Diluted Earnings per Share is expected to be between $3.16 and $3.31, an increase of 5 to 10 percent. The Adjusted EBITDA growth rates include approximately 1 percent of benefit from foreign exchange rates.

2021 First Quarter Outlook:

GAAP Outlook: For the first quarter of 2021, revenue is expected to be between $698 million and $707 million, an increase of 2 to 3 percent compared with 2020. Net income attributable to TransUnion is expected to be between $92 million and $98 million, an increase of 31 to 39 percent. Diluted earnings per share is expected to be between $0.48 and $0.51, an increase of 31 to 39 percent. The revenue growth includes slightly less than 1 percent of benefit from acquisitions and slightly less than 1 percent of benefit from foreign exchange rates. In addition, the revenue growth rates include approximately 3 percent of benefit due to the projected increase in mortgage revenue.

Adjusted Outlook: For the first quarter of 2021, Adjusted EBITDA is expected to be between $268 million and $275 million, an increase of 2 to 4 percent compared with 2020. Adjusted Diluted Earnings per Share is expected to be between $0.78 and $0.81, an increase of 6 to 10 percent. The Adjusted EBITDA growth rates include approximately 0.5 percent of benefit from foreign exchange rates.

(Consensus sees FY21 EPS of $3.34 on revenue of $2.9 billon and Q1 EPS of $0.77 on revenue of $705 million)

For earnings history and earnings-related data on TransUnion (TRU) click here.

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