Report
Brett Horn
EUR 147.86 For Business Accounts Only

Tailwinds Lead to Strong Q3 for Equifax

Some tailwinds allowed Equifax to maintain its momentum into the third quarter. Reported revenue was up 20% year over year, in part owing to the Veda acquisition. Excluding Veda and currency effects, we estimate revenue was up about 12%, which is still a strong result, and is meaningfully above our long-term organic growth estimates. However, we believe the tailwinds the company is enjoying are temporary, and the market is currently extrapolating recent growth rates too far into the future. We w...
Underlying
EQUIFAX INC.

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.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Brett Horn

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