Equifax jumps about 10% after Q3 earnings beat, despite soft Q4 outlook
+11.33% to $176.54 from $158.57
What moved EFX
- Adjusted EPS of $2.26 beat estimates, while revenue of $1.69 billion, up 10% year over year, was in line with analyst forecasts.
- Shares rose roughly 10%-11% on the day, with one report putting the move at $16.65 to $175.22.
- Equifax guided fourth-quarter adjusted EPS to $2.07-$2.17, below the roughly $2.16-$2.19 analyst consensus, and cut revenue guidance on a weaker U.S. mortgage market.
- The company narrowed its full-year adjusted EPS view to $8.45-$8.55, from a prior $8.39-$8.69 range, and several analysts, including Mizuho, trimmed price targets even while keeping bullish ratings.
Sources: TradingKey · GuruFocus · StocksToTrade