Equifax (EFX) Down On Bearish View Despite Q4 Earnings Beat
Zacks Investment Research | Feb 21, 2019 01:01AM ET
Equifax Inc. (NYSE:EFX) reported mixed fourth-quarter 2018 results, with earnings beating the zacks consensus estimate and revenues missing the same.
The stock declined 2.9% in the after-hours trading as guidance for the first quarter and 2019 disappointed. Management expects first-quarter 2019 revenues in the range of $840-$855 million, below the Zacks Consensus Estimate of $877 million. Adjusted EPS are anticipated between $1.15 and $1.20, which is below the Zacks Consensus Estimate of $1.40.
For 2019, revenues are expected between $3.425 billion and $3.525 billion, below the Zacks Consensus Estimate of $3.540 billion. Adjusted EPS is anticipated between $5.60 and $5.80, below the Zacks Consensus Estimate of $5.81.
In a year’s time, the stock declined 5%, against the 15.2% rise of the Business Services sector are keenly awaiting fourth-quarter 2018 earnings reports of key players like Navigant Consulting (NYSE:NCI) , FTI Consulting (NYSE:FCN) and ICFI International (NASDAQ:ICFI) . The companies are slated to announce results on Feb 26.
Today's Best Stocks from Zacks
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.