Lapping data breach, re-acceleration from Q3
Equifax's underlying revenue growth should accelerate from Q3 as commercial relationships continue to normalise and the company begins to lap the data breach headwinds. The IT transformation is a drag on near term cash flow but should benefit the speed to market of new products and margins longer term. Within an attractive sector, we expect the company can return to its compounding earnings growth profile. We remain Overweight with our increased PT of $150 requiring a 22x forward PE multiple in a year.Equifax Inc. is a provider of information solutions and human resources business process outsourcing services for businesses, governments and consumers. The company's services are based on databases of consumer and business information. The company uses statistical techniques, machine learning and proprietary software tools to analyze all available data, creating insights, decision-making solutions and processing services for its clients. The company also provides information, technology and services to support debt collections and recovery management. Additionally, the company provides payroll-related and human resource management business process outsourcing services in the United States of America.
Formed in 2003 by an established team from Cazenove, one of the most respected investment banks in the UK, Atlantic Equities conducts and publishes fundamental, bottom up research on mid and large cap US companies.
Atlantic provide order execution through a wide range of DMA products and algorithmic trading suites.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.