Equifax (EFX) News & Sentiment

In Canada, worries about fraud are increasing, especially among seniors and people in Quebec. Equifax is calling for better fraud prevention measures from businesses, banks, and the government.

ATLANTA, Feb. 27, 2025 /PRNewswire/ -- Equifax ® (NYSE: EFX) is set to take part in various investor conferences in March. Trevor Burns, the Senior Vice President of Corporate Investor Relations, will be present at the RBC Global Financial Institutions Conference on March 4, the Oppenheimer Information Services, Exchanges and Blockchain Virtual Summit on March 5, and the Wolfe Research FinTech Forum on March 12.

Mortgage delinquencies are increasing in Ontario as consumer debt rises, according to Equifax Canada's Q4 2024 Market Pulse Consumer Credit Trends Report. This report highlights a widening financial gap in Canada, where some borrowers enjoy lower interest rates while others face significant debt challenges. In fact, some mortgage holders in Ontario are seeing delinquencies that are over 50% higher than they were before the pandemic.

Assess Equifax's (EFX) dependence on international income to gain insights into the company's financial health, opportunities for growth, and possible stock price trends.

I am changing my rating for Equifax stock to a hold because of weak guidance for FY25, a slow outlook for mortgage inquiries, and challenges in the hiring market. Although the company had strong results in the fourth quarter of 2024 and has potential for growth in the medium term, the short-term earnings outlook is not good due to slowing revenue and earnings per share growth. High mortgage rates and falling hiring numbers are major obstacles that could prevent Equifax from maintaining its recent growth.

Equifax Inc. (NYSE:EFX) will hold its Q4 2024 Earnings Conference Call on February 6, 2025, at 8:30 AM ET. The call will feature company representatives including Trevor Burns, Mark Begor, and John Gamble, along with various conference call participants from different financial institutions. Please note that all attendees will be in listen-only mode during the call.

Strong growth in various areas boosts EFX's revenue in the fourth quarter of 2024.

Equifax has faced challenges due to a slowing job market and an unstable mortgage market, which has seen inconsistent loan demand because of high interest rates. These factors have affected the company's revenue growth and future predictions. This was mentioned during a call with analysts on Thursday (Feb.).

Equifax (EFX) reported quarterly earnings of $2.12 per share, which is higher than the Zacks Consensus Estimate of $2.10 per share. This is an increase compared to earnings of $1.81 per share from the same period last year.