Equifax Inc
EFX: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| $643.00 | Yfp | Ycmfwdpzb |
Equifax Earnings: Lowering Our Fair Value Estimate by 5% Following Messy Quarter
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Wide-moat-rated Equifax reported a messy a start to 2024. It maintained its 2024 outlook despite mortgage inquiries coming in stronger than its conservative expectations, a fact that disappointed investors. On the positive side, US credit bureau mortgage revenue impressed (amid pricing increases from Fair Isaac) and nonmortgage workforce solutions verification revenue was solid. On the negative side, nonmortgage credit bureau, workforce solutions mortgage, employer services, and Australia revenue saw softness.