Equifax (NYSE:EFX) reported its Q1 earnings results on Wednesday, April 19, 2023 at 04:20 PM.
Here’s what investors need to know about the announcement.
Earnings
Equifax beat estimated earnings by 4.38%, reporting an EPS of $1.43 versus an estimate of $1.37.
Revenue was down $61.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.03 which was followed by a 6.12% drop in the share price the next day.
Here’s a look at Equifax’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 1.49 | 1.63 | 2 | 2.15 |
| EPS Actual | 1.52 | 1.73 | 2.09 | 2.22 |
| Revenue Estimate | 1.18B | 1.22B | 1.32B | 1.33B |
| Revenue Actual | 1.20B | 1.24B | 1.32B | 1.36B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Equifax management provided guidance for FY 2023, expecting earnings between $7.05 and $7.35 per share.
To track all earnings releases for Equifax visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
