Upgrade to SI Premium - Free Trial

Equifax (EFX) Tops Q1 EPS by 3c, Beats on Revenue, Guides FY17 In-Line

April 26, 2017 4:27 PM

Equifax (NYSE: EFX) reported Q1 EPS of $1.44, $0.03 better than the analyst estimate of $1.41. Revenue for the quarter came in at $832.2 million versus the consensus estimate of $825.27 million.

GUIDANCE:

Equifax sees FY2017 EPS of $5.96-$6.10, versus the consensus of $6.05. Equifax sees FY2017 revenue of $3.375-3.425 billion, versus the consensus of $3.4 billion.

Second Quarter 2017 and Full Year 2017 Outlook

We are off to a strong start in Q1. For the second quarter, we expect revenue to be between $857 and $862 million, reflecting constant currency growth of 7.0 percent to 7.5 percent, partially offset by 1 percent of foreign exchange impact. Adjusted EPS is expected to be between $1.55 and $1.58 which is up 10 percent to 12 percent, excluding $0.01 of foreign exchange headwind.

We expect full year 2017 revenue to be between $3.375 and $3.425 billion, reflecting constant currency growth of approximately 8-9 percent, partially offset by 1 percent of foreign exchange headwind at current rates.

Adjusted EPS for the year is expected to be between $5.96 and $6.10, which is up 8 percent to 10 percent. Excluding approximately $0.02 full year per share negative impact from foreign exchange, this reflects constant currency EPS growth of 8 percent to 11 percent.

For earnings history and earnings-related data on Equifax (EFX) click here.

Categories

Earnings Guidance