TransUnion (TRU) Tops Q3 EPS by 6c, Offers Q4 Guidance
TransUnion (NYSE: TRU) reported Q3 EPS of $0.81, $0.06 better than the analyst estimate of $0.75. Revenue for the quarter came in at $696 million versus the consensus estimate of $678.53 million.
GUIDANCE:
TransUnion sees Q4 2020 EPS of $0.74-$0.80, versus the consensus of $0.76. TransUnion sees Q4 2020 revenue of $678-698 million, versus the consensus of $684.6 million.
- GAAP Outlook: For the fourth quarter of 2020, revenue is expected to be between $678 million and $698 million, a decrease of 1 percent to an increase of 2 percent compared with 2019. The revenue growth includes an approximate 1 percent of growth from acquisitions and 1 percent of headwind from foreign exchange rates. Net income attributable to TransUnion is expected to be between $79 million and $91 million, a decrease of 4 percent to an increase of 10 percent. Diluted earnings per share is expected to be between $0.41 and $0.47, a decrease of 5 percent to an increase of 10 percent.
- Adjusted Outlook: For the fourth quarter of 2020, Adjusted EBITDA is expected to be between $255 million and $271 million, a decrease of 2 to 7 percent. Adjusted Diluted Earnings per Share is expected to be between $0.74 and $0.80, a decrease of 1 percent to an increase of 7 percent. The Adjusted EBITDA growth rates include approximately 1 percent of headwind from foreign exchange rates.
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