Equifax Inc.’s Stock Price Tumbles to $247.48, Experiencing a Hefty 8.42% Plunge

Equifax Inc. (EFX)

247.48 USD -22.75 (-8.42%) Volume: 4.08M

Equifax Inc.’s stock price is currently standing at 247.48 USD, experiencing a significant drop of -8.42% in the recent trading session with a trading volume of 4.08M, and an overall decrease of -2.89% YTD, indicating a volatile market performance for EFX.

Latest developments on Equifax Inc.

Equifax Inc recently reported its Q4 earnings, with revenue falling below estimates due to slower hiring and weak U.S. hiring and mortgage markets. Despite strong segments, the company’s revenue growth of 7% in the fourth quarter of 2024 was not enough to meet expectations, leading to a decrease in share prices. Additionally, Needham cut Equifax’s stock price target, contributing to the decline in share value. The company also announced a quarterly dividend and saw a reduction in stake by BlackRock, Inc. Looking ahead, Equifax shares fell further on weak 2025 guidance, indicating potential challenges for the company in the coming year.

Equifax Inc. on Smartkarma

Equifax Inc. has been receiving positive analyst coverage on Smartkarma, with research reports from Baptista Research highlighting the company’s recent technological advancements and expanding cloud infrastructure. In a report titled “Equifax Inc.: Recent Technological Advancements,” the company’s third quarter 2024 earnings conference was discussed, emphasizing significant strides in cloud transformation endeavors that are expected to drive future growth and operational efficiency. The migration of U.S. and Canadian data exchanges to Equifax’s cloud platform is anticipated to result in cost savings of over $70 million annually post-completion in early 2025.

Another report by Baptista Research, titled “Equifax Inc.: A Tale Of Expanding Cloud Infrastructure & Margin Expansion! – Major Drivers,” delves into the company’s Q2 2024 earnings, showcasing substantial progress and strategic advances in its cloud transformation initiatives. The report highlights strong revenue growth of just over $1.43 billion, a 9% increase, supported by a solid performance in global non-mortgage businesses with a 13% growth in current constant currency revenue. These reports reflect a positive sentiment towards Equifax Inc.’s future prospects and strategic direction as analyzed by independent analysts on Smartkarma.

A look at Equifax Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Equifax Inc. has been assigned Smart Scores in various categories, indicating its overall outlook for the long term. With a strong score in Momentum at 4, the company is showing positive growth potential and market performance. This suggests that Equifax Inc. is likely to continue its upward trajectory in the future. While the company’s scores in Value, Dividend, and Resilience are moderate, its Growth score of 3 highlights potential for expansion and development in the coming years.

Equifax Inc. operates in various industries, serving both private and public sectors. The company’s focus on information management, transaction processing, direct marketing, and customer relationship management positions it as a key player in sectors such as financial services, retail, credit card, telecommunications/utilities, transportation, information technology, healthcare, and government. With a mix of steady performance and growth potential, Equifax Inc. appears to be well-positioned for long-term success based on its Smart Scores.

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