Why Professional Services Company Equifax Shares Are Surging Today
Why Professional Services Company Equifax Shares Are Surging Today
Equifax Inc. (NYSE:EFX) shares are surging today after the company reported better-than-expected second-quarter FY24 financial results.
艾可菲公司（NYSE:EFX）公布了超出预期的第二季度FY24财报，股票今天表现强劲。
Revenue grew 9% Y/Y to $1.43 billion, beating the consensus of $1.42 billion. Despite a 13% decline in USIS mortgage credit inquiries, U.S. mortgage revenue grew by 4% Y/Y in the second quarter.
营业收入同比增长9%至14.3亿美元，超过预期的14.2亿美元。尽管美国信息服务公司（USIS）的抵押贷款信贷查询下降了13%，但美国抵押贷款收入同比增长4%。
In the second quarter, Workforce Solutions saw a 5% Y/Y increase in overall revenue, led by a 12% growth in non-mortgage revenue, particularly in Verification Services, where Government and Talent Solutions led with a 20% increase. However, mortgage revenue declined by 12% in the quarter.
第二季度，劳动力解决方案整体营收同比增长5%，非抵押贷款营收增长12%，主要来自验证服务，政府和人才解决方案增长20%。然而，抵押贷款收入同比下降12%。
Adjusted EBITDA margin declined to 32.0% from 32.7% a year ago. Adjusted EPS of $1.82 surpassed the street view of $1.73.
调整后的EBITDA利润率从去年的32.7%下降到32.0%。每股调整后的收益为1.82美元，超过街道预期的1.73美元。
In the second quarter, there was significant new product innovation leveraging the new EFX Cloud, with a 12.5% increase in the new product Vitality Index.
第二季度，公司推出了许多新的产品创新，借助新的EFX云计算，新产品的增长率达12.5%。
Additionally, 89% of new models and scores were developed using Artificial Intelligence and Machine Learning.
此外，89%的新模型和评分都是使用人工智能和机器学习开发的。
Outlook: Equifax revised guidance for FY24 revenue to $5.69 billion-$5.75 billion (from $5.67 billion-$5.77 billion) vs. $5.72 billion and adjusted EPS of $7.22-$7.47 (from $7.20-$7.50 earlier) vs an estimate of $7.38.
展望未来：艾可菲公司调整了FY24的营收指导范围为56.9亿-57.5亿美元（之前为56.7亿-57.7亿美元），调整后的每股收益为7.22-7.47美元（之前为7.20-7.50美元），而该业绩预期为7.38美元。
For the third quarter, Equifax sees adjusted EPS of $1.75-$1.85 (vs. street view of $2.01) and revenue of $1.425 billion-$1.445 billion (vs. consensus of $1.45 billion).
第三季度，艾可菲公司预计调整后的每股收益为1.75-1.85美元（实际为2.01美元），营收为14.25亿-14.45亿美元（预计为14.5亿美元）。
Mark W. Begor, Equifax Chief Executive Officer, said, "While Equifax continues to execute well against its EFX2026 strategic priorities, our 2024 guidance reflects an expectation of a decline of about 11% in our 2024 U.S. mortgage credit inquiries, which is consistent with the current run-rates, and compares to down 34% in 2023."
艾可菲公司首席执行官Mark W. Begor表示：“尽管艾可菲公司在EFX2026战略重点方面表现出色，但我们对2024年美国抵押贷款信贷查询下降约11%的预期持谨慎态度，这与目前的运行水平相一致，2023年下降34%”。
"Adjusted EBITDA and Adjusted EPS continue to benefit from organic revenue growth and the additional cost savings from Cloud spending reduction plans."
“调整后的EBITDA和调整后的EPS继续受益于有机营收增长和云计算支出削减计划的额外成本节约。”
Also, BofA Securities maintained a Buy rating on the stock and raised its price target from $255 to $286.
此外，美国银行证券维持对该股票的买入评级，并将其价格目标从255美元升至286美元。
Investors can gain exposure to the stock via Fidelity Disruptive Finance ETF (NASDAQ:FDFF) and VanEck ETF Trust VanEck Morningstar Wide Moat Growth ETF (BATS:MGRO).
投资者可以通过Fidelity Disruptive Finance ETF（纳斯达克：FDFF）和VanEck ETF Trust VanEck Morningstar Wide Moat Growth ETF（BATS：MGRO）获得这只股票的曝光。
Price Action: EFX shares are up 5% at $272.27 at the last check Thursday.
EFX股票在周四收盘时上涨5%，报272.27美元。
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
免责声明：本内容部分使用人工智能工具生成，并经Benzinga编辑审核发布。