TransUnion

TRU: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$199.00	Yvz	Xjgxclxzwv

Modest Softness in TransUnion’s Third Quarter

Rajiv Bhatia

Oct 25, 2022

TransUnion reported an okay third quarter. Revenue grew 1% on organic constant currency basis or 5% excluding mortgage. Revenue of $938 million missed the FactSet consensus by about 1% while adjusted EBITDA was roughly in line with consensus. We will maintain our $98 fair value estimate and view shares of wide-moat-rated TransUnion as attractive.

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