Movement Alert|Equifax Falls 11.74% in Regular Trading, Q2 Earnings Barely Beat Expectations While Q3 Guidance Misses Estimates

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On July 21, Equifax declined 11.74% in regular trading, trading at $167.13/share, with turnover of $195 million. The sharp selloff was triggered by the company's Q2 earnings report showing only marginal beats alongside below-consensus Q3 guidance.

Equifax reported Q2 adjusted EPS of $2.25, beating the $2.20 consensus by just 2.3%, a stark deceleration from Q1's 9.4% earnings beat. Revenue came in at $1.70 billion versus the $1.696 billion estimate, representing 11% year-over-year growth. For Q3, the company guided adjusted EPS of $2.15-$2.25 and revenue of $1.68-$1.71 billion, both below analyst expectations of $2.26 EPS and $1.71 billion in revenue. Full-year guidance was narrowed to adjusted EPS of $8.39-$8.69 and revenue of $6.71-$6.78 billion, bracketing the FactSet estimate of $8.62 EPS on $6.77 billion revenue.

Additionally, Equifax announced an $825 million acquisition of Mexican credit bureau Circulo de Credito and doubled its AI-driven cost reduction target to $150 million, but these initiatives failed to offset investor concerns over decelerating growth momentum.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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