TransUnion (TRU) Stock

TransUnion's results for the third quarter of 2024 were better than anticipated, showing a 12% rise in revenue and a 14% increase in earnings per share, thanks to strong performance in the U.S. and new product developments. The company's efforts to transform and modernize its technology are likely to lead to cost savings and improved efficiency, which should help with profitability in the long run. Although there are some risks, such as economic uncertainty, the overall market conditions and growing need for credit services suggest a positive future.

CHICAGO, Dec. 05, 2024 (GLOBE NEWSWIRE) -- During the recent Black Friday and Cyber Monday sales, a new study by TransUnion (NYSE: TRU) revealed that 4.6% of online transactions worldwide were thought to be Digital Fraud from Thanksgiving to Cyber Monday. This analysis, based on TransUnion's unique global intelligence network, showed that the suspected Digital Fraud rate decreased from 6.0% in the same timeframe last year.

TRU is experiencing more visitors, which is improving its operational efficiency. However, rising costs are still a worry.

According to the TransUnion report, more Canadians accessed credit in the third quarter of 2024, leading to a record total consumer credit debt of $2.5 trillion, which is a 4.1% increase from the previous year. The number of Canadians with at least one credit product grew to 32.2 million, up by 3.1% year-over-year, while those with outstanding balances reached 29.7 million, a 2.8% increase. This trend is largely driven by Millennial and Gen Z consumers, and forecasts for 2025 suggest further growth in credit activity as inflation and interest rates are expected to decrease.

TransUnion (TRU) shared its earnings report 30 days ago. What can we expect for the stock moving forward?

TORONTO, ON / ACCESSWIRE / November 5, 2024 / TRU Precious Metals Corp. (TSXV:TRU)(OTCQB:TRUIF)(FSE:706) ("TRU" or the "Company") is excited to share the findings from its 2024 copper exploration program at the Golden Rose Project, which is strategically situated along the Cape Ray - Valentine Lake Shear Zone in Central Newfoundland. As mentioned in earlier announcements (see news releases from April 18, 2024, and July 16, 2024), TRU has been focusing on exploring the critical minerals potential of Golden Rose, particularly copper.

CHICAGO, Nov. 05, 2024 (GLOBE NEWSWIRE) -- TransUnion (NYSE: TRU) has announced that it will be speaking at several upcoming investor conferences.

A recent survey by TransUnion indicates that refinancing could provide some help for homeowners and car owners as interest rates start to decrease. This could be a good opportunity for those looking to lower their payments.

In the third quarter of 2024, TRU saw notable year-over-year growth in its Financial Services and Consumer Interactive revenues.