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.
Equifax Inc.（紐約證券交易所代碼：EFX）公佈的24財年第二季度財務業績好於預期後，今天股價飆升。
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.
收入同比增長9％，達到14.3億美元，超過了市場預期的14.2億美元。儘管USIS抵押貸款信貸查詢下降了13％，但美國抵押貸款收入在第二季度同比增長了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.
在第二季度，Workforce Solutions的總收入同比增長了5％，其中非抵押貸款收入增長了12％，尤其是在驗證服務領域，政府和人才解決方案以20％的增長率領先。但是，本季度抵押貸款收入下降了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.
調整後的息稅折舊攤銷前利潤率從去年同期的32.7％下降至32.0％。調整後的每股收益爲1.82美元，超過了1.73美元的街景。
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.
在第二季度，利用新的EFX Cloud進行了重大新產品創新，新產品活力指數增長了12.5％。
Additionally, 89% of new models and scores were developed using Artificial Intelligence and Machine Learning.
此外，89% 的新模型和分數是使用人工智能和機器學習開發的。
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：Equifax將24財年收入預期從57.2億美元修訂至56.9億美元至57.5億美元（從56.7億美元至57.7億美元），調整後的每股收益爲72.2美元至7.47美元（從之前的7.20美元至7.50美元），而估計爲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).
Equifax預計第三季度調整後的每股收益爲17.5美元至1.85美元（街景爲20.01美元），收入爲14.25億美元至14.45億美元（而市場預期爲14.5億美元）。
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."
Equifax首席執行官馬克·貝戈爾表示：“儘管Equifax繼續在其 EFX2026 戰略優先事項上表現良好，但我們的2024年指引反映了我們對2024年美國抵押貸款信貸調查下降約11％的預期，這與目前的運行利率一致，而2023年下降了34％。”
"Adjusted EBITDA and Adjusted EPS continue to benefit from organic revenue growth and the additional cost savings from Cloud spending reduction plans."
“調整後的息稅折舊攤銷前利潤和調整後的每股收益繼續受益於收入的有機增長以及雲支出削減計劃帶來的額外成本節約。”
Also, BofA Securities maintained a Buy rating on the stock and raised its price target from $255 to $286.
此外，美銀證券維持該股的買入評級，並將其目標股價從255美元上調至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).
投資者可以通過富達顛覆性金融ETF（納斯達克股票代碼：FDFF）和VanEck ETF信託基金VanEck Morningstar Wide Morningstar Wide Morningstar Wide Moat Growth ETF（BATS: MG
Price Action: EFX shares are up 5% at $272.27 at the last check Thursday.
價格走勢：在週四的最後一次檢查中，EFX股價上漲了5％，至272.27美元。
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
免責聲明：此內容部分是在人工智能工具的幫助下製作的，並由Benzinga的編輯審閱和發佈。