Equifax (NYS: EFX) reported earnings on July 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Equifax beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded. Non-GAAP earnings per share increased significantly. GAAP earnings per share increased significantly.
Margins grew across the board.
Equifax booked revenue of $586.9 million. The 11 analysts polled by S&P Capital IQ foresaw sales of $577.0 million on the same basis. GAAP reported sales were 14% higher than the prior-year quarter's $513.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
EPS came in at $0.92. The 13 earnings estimates compiled by S&P Capital IQ forecast $0.90 per share. Non-GAAP EPS of $0.92 for Q2 were 24% higher than the prior-year quarter's $0.74 per share. (The prior-year quarter included $0.02 per share in earnings from discontinued operations.) GAAP EPS of $0.73 for Q2 were 18% higher than the prior-year quarter's $0.62 per share. (The prior-year quarter included $0.02 per share in earnings from discontinued operations.)
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
For the quarter, gross margin was 66.2%, 270 basis points better than the prior-year quarter. Operating margin was 26.9%, 180 basis points better than the prior-year quarter. Net margin was 15.4%, 50 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $574.6 million. On the bottom line, the average EPS estimate is $0.90.
Next year's average estimate for revenue is $2.32 billion. The average EPS estimate is $3.61.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 104 members out of 117 rating the stock outperform, and 13 members rating it underperform. Among 36 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 32 give Equifax a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Equifax is outperform, with an average price target of $65.08.
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The article Equifax Beats on Both Top and Bottom Lines originally appeared on Fool.com.
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