Equifax (EFX) Tops Q2 EPS by 3c; Raises Outlook
Equifax (NYSE: EFX) reported Q2 EPS of $1.74, $0.03 better than the analyst estimate of $1.71. Revenue for the quarter came in at $1.2 billion versus the consensus estimate of $1.16 billion.
"We continued our strong financial performance with our sixth consecutive quarter of strong double-digit revenue growth and EPS growth, building on our strong first quarter and 2020 results. Our record $1.235 billion revenue and 26% overall revenue growth was powered by broad-based growth from Workforce Solutions, USIS, and International. Workforce Solutions continues to drive our results, with revenue growth of 40% in the quarter despite a decline in the mortgage market from last year's elevated levels," said Mark W. Begor, Equifax Chief Executive Officer. "We are continuing to execute on our EFX2023 growth strategy, leveraging the EFX Cloud to drive innovation, new product roll-outs and growth, while expanding our differentiated data sets and decisioning power to bring new and unique solutions to our customers that only Equifax can deliver. Our strong outperformance, balance sheet, and cash generation is allowing us to reinvest in the EFX Cloud and bolt-on acquisitions to enhance our capabilities. We are confident in our outlook for 2021 and are again raising our full-year financial guidance, reflecting this to a range of $4,760 million to $4,800 million, and our Adjusted EPS guidance to a range of $7.25 to $7.45."
GUIDANCE:
Equifax sees Q3 2021 EPS of $1.62-$1.72, versus the consensus of $1.65. Equifax sees Q3 2021 revenue of $1.16-1.18 billion, versus the consensus of $1.14 billion.
Equifax sees FY2021 EPS of $7.25-$7.45, versus the consensus of $7.04. Equifax sees FY2021 revenue of $4.76-4.8 billion, versus the consensus of $4.67 billion.
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