earnings
confidence high
sentiment negative
materiality 0.80
Equifax Q3 revenue up 2% to $1.244B; Adj EPS $1.73, down 6% YoY; cuts FY adjusted EPS guidance to $7.54
EQUIFAX INC
2022-Q3 EPS reported
$4.77
revenue$3,924,300,000
- Q3 revenue $1.244B (+2% YoY); net income $165.7M (-19%); diluted EPS $1.34 (-19%).
- Adjusted EPS $1.73 (-6% YoY); Adjusted EBITDA margin 32.5% vs 33.0% prior year.
- Workforce Solutions revenue $558.9M (+9%) but operating margin down to 41.3%; USIS revenue -9% due to mortgage decline.
- FY2022 revenue guidance maintained at $5.1B midpoint; adjusted EPS guidance cut to $7.54 per share (down ~$0.13).
- Non-mortgage constant dollar revenue grew 20%; mortgage inquiries declined 41% in Q3, expected >50% decline in Q4.