S&P 500 (NYSE:SPY) component Equifax, Inc. (NYSE:EFX) will unveil its latest earnings on Wednesday, July 27, 2011. Equifax Inc. provides information solutions, employment and income verification and human resources business process outsourcing services.
Equifax, Inc. Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for profit of 60 cents per share, a rise of 3.4% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 61 cents. Between one and three months ago, the average estimate moved down, but it has been unchanged at 60 cents during the last month. For the year, analysts are projecting net income of $2.49 per share, a rise of 7.8% from last year.
Past Earnings Performance: The company met estimates last quarter after beating the forecasts in the prior two. In the first quarter, the company reported profit of 58 cents per share versus a mean estimate of net income of 58 cents per share. In the fourth quarter of the last fiscal year, the company beat estimates by 2 cents.
Wall St. Revenue Expectations: On average, analysts predict $489.5 million in revenue this quarter, a rise of 6.2% from the year ago quarter. Analysts are forecasting total revenue of $1.97 billion for the year, a rise of 5.9% from last year’s revenue of $1.86 billion.
Analyst Ratings: Analysts are bullish on this stock with seven analysts rating it as a buy, none rating it as a sell and five rating it as a hold.
The company has now seen net income rise in three straight quarters. In the first quarter, net income rose 1.1% while it rose 3.3% in the fourth quarter of the last fiscal year and 28.1% in the third quarter of the last fiscal year.
Revenue has risen the past four quarters. Revenue increased 2.4% to $472.6 million in first quarter. The figure rose 3.8% in the fourth quarter of the last fiscal year from the year earlier, climbed 4.8% in the third quarter of the last fiscal year from the year-ago quarter and 1.2% in the second quarter of the last fiscal year.
Competitors to Watch: McGraw-Hill (NYSE:MHP), Paychex (NASDAQ:PAYX), Automatic Data Processing (NASDAQ:ADP), Thomson Reuters (NYSE:TRI), EDGAR (NASDAQ:EDGR), FactSet Research (NYSE:FDS), ValuLine (NASDAQ:VALU), Envestnet (NYSE:ENV), Morningstar (NASDAQ:MORN) and The Dun & Bradstreet Corp. (NYSE:DNB).
Stock Price Performance: During April 26, 2011 to July 21, 2011, the stock price had fallen $3.07 (-8.1%) from $37.86 to $34.79. The stock price saw one of its best stretches over the last year between March 22, 2011 and April 4, 2011 when shares rose for 10-straight days, rising 8.5% (+$3.10) over that span. It saw one of its worst periods between April 4, 2011 and April 13, 2011 when shares fell for eight-straight days, falling 6.4% (-$2.53) over that span. Shares are down 50 cents (-1.4%) year to date.
(Source: Xignite Financials)