Equifax Inc. · EFX · FY2023 Q4 · Calendar Q1 2024

Equifax maintains 2024 outlook as cloud and non-mortgage growth advance

The call supports a constructive but conditional view: resilient non-mortgage demand, cloud migration, cost actions, and new products support growth, while mortgage weakness and execution risks remain material.

Reported After market closeNYSEIndustrials $20.98B market cap
100quality score

Earnings scorecard

Reported versus consensus
Reported EPS $1.81 Consensus $1.74
EPS surprise +4.0% Reported versus consensus
Reported revenue $1.33B Consensus $1.41B
Revenue surprise -5.9% Reported versus consensus

Market reaction

event-close to next-session close
Stock move +4.2% Event window
SPY move +0.0% Same window
Abnormal move +4.2% Stock minus SPY
Volume 2.5× Versus trailing sessions
Subsequent drift +7.1% Up to 20 sessions
EFXSPY benchmark

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What changed

Compared with the prior quarter, the analysis shows guidance maintained rather than lowered, stronger quantified non-mortgage growth, continued cloud progress, and a more explicit focus on AI-enabled products and lower capital intensity.

Guidance delta

2024 guidance was maintained, including about 9% total revenue growth and $7.35 adjusted EPS.

Key takeaways

  • Non-mortgage revenue grew 14% constant currency, led by Workforce Solutions and International.
  • Cloud migration, cost actions, and product activity support the margin-expansion case.
  • Mortgage remains the key near-term headwind, although management expects conditions to bottom.

Management priorities

  • Complete the North American cloud migration.
  • Deploy AI-enabled models and new products.
  • Expand government contracts, payroll partnerships, and twin-record coverage.

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Earnings History

Estimate Beat Miss Match
EFX EPS earnings history estimate and actual scatter chart 10 reported fiscal quarters and 4 future estimate-only quarters. Q2 '24 estimate $1.76 Q2 '24 actual $1.82, beat Q3 '24 estimate $1.84 Q3 '24 actual $1.85, match Q2 '25 estimate $1.93 Q2 '25 actual $2.00, beat Q3 '25 estimate $1.94 Q3 '25 actual $2.04, beat Q4 '25 estimate $2.06 Q4 '25 actual $2.09, beat Q1 '26 estimate $1.69 Q1 '26 actual $1.86, beat Q2 '26 estimate $2.20 Q2 '26 actual $2.25, beat Q3 '26 estimate $2.20 Q3 '26 actual $2.26, beat Q4 '26 estimate $2.13 Q1 '27 estimate $1.94 Q2 '27 estimate $2.42 Q3 '27 estimate $2.57
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Analyst Consensus ?

ConsensusBuy36 ratings
Bullish2261.1%
Neutral1336.1%
Bearish12.8%

Analyst 52W Price Targets

$177.57Current
$148Low
$234.05Average
$331High

Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 29, 2026. Not an FN2 forecast.

Firm-level rating actions

FMP grade actions identify the grading firm, not a named analyst.

FirmRatingPrior ratingActionDate
RBC Capital Sector Perform OutperformDowngradeOct 26, 2026
Argus Research Buy HoldUpgradeOct 22, 2026
Stifel Buy BuyMaintainOct 21, 2026
Needham Buy BuyMaintainOct 21, 2026
BMO Capital Market Perform Market PerformMaintainOct 21, 2026
Mizuho Outperform OutperformMaintainOct 19, 2026
Oppenheimer Perform OutperformDowngradeOct 16, 2026
Morgan Stanley Overweight OverweightMaintainOct 13, 2026
Barclays Equal Weight Equal WeightMaintainOct 2, 2026
Wells Fargo Overweight OverweightMaintainSep 22, 2026
Rothschild & Co Buy NeutralUpgradeAug 21, 2026
Baird Outperform OutperformMaintainJul 22, 2026
UBS Buy BuyMaintainJul 8, 2026
B of A Securities Buy BuyMaintainMay 19, 2026
Goldman Sachs Neutral NeutralMaintainFeb 9, 2026
JP Morgan Overweight OverweightMaintainFeb 5, 2026
Citigroup Buy BuyMaintainJul 23, 2025
Jefferies Buy BuyMaintainJan 15, 2025
Exane BNP Paribas Outperform NeutralUpgradeDec 16, 2024
Wolfe Research Peer Perform OutperformDowngradeDec 12, 2024
Evercore ISI Group Outperform In LineUpgradeFeb 13, 2024
Truist Securities Buy BuyMaintainFeb 9, 2024
Redburn Atlantic Neutral BuyDowngradeJan 11, 2024
Deutsche Bank Buy HoldUpgradeDec 8, 2023
Credit Suisse Outperform OutperformMaintainJul 21, 2023
Atlantic Equities Overweight NeutralUpgradeNov 15, 2022
SunTrust Robinson Humphrey Hold BuyDowngradeJun 9, 2020
CFRA Hold HoldMaintainApr 21, 2020
Stifel Nicolaus Hold HoldMaintainFeb 18, 2020
Bank of America Underperform UnderperformMaintainOct 2, 2019
Stephens & Co. Equal Weight Equal WeightMaintainJul 26, 2019
Argus Hold HoldMaintainSep 15, 2017
William Blair Outperform OutperformMaintainApr 8, 2016
Cowen & Co. Outperform OutperformMaintainMar 30, 2016
Raymond James Market Perform OutperformDowngradeFeb 18, 2014
Evercore Partners Overweight Equal WeightUpgradeFeb 19, 2013
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Named analyst price targets

Upside is calculated against the persisted current price $177.58. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
RBC CapitalAnalyst unavailable$189$182.36 +6.4%Oct 26, 2026
Argus ResearchJohn Eade$200$175.57 +12.6%Oct 22, 2026
BMO CapitalAnalyst unavailable$175$175.44 -1.5%Oct 21, 2026
Deutsche BankFaiza Alwy$201$175.12 +13.2%Oct 21, 2026
NeedhamAnalyst unavailable$210$176.54 +18.3%Oct 21, 2026
Stifel NicolausAnalyst unavailable$217$176.54 +22.2%Oct 21, 2026
Loop Capital MarketsAnalyst unavailable$169$176.54 -4.8%Oct 20, 2026
Mizuho SecuritiesAnalyst unavailable$185$161.25 +4.2%Oct 19, 2026
RBC CapitalAnalyst unavailable$177$160.86 -0.3%Oct 16, 2026
Goldman SachsGeorge Tong$148$139.73 -16.7%Oct 2, 2026
BarclaysAnalyst unavailable$155$139.73 -12.7%Oct 2, 2026
Credit SuisseAnalyst unavailable$160$140.83 -9.9%Sep 30, 2026
Goldman SachsGeorge Tong$171$145.78 -3.7%Sep 29, 2026
Wells FargoJason Haas$200$158.62 +12.6%Sep 22, 2026
BNP ParibasAndrew Grobler$245$177.05 +38.0%Sep 8, 2026
Redburn PartnersSimon Clinch$235$192.41 +32.3%Aug 21, 2026
Deutsche BankAnalyst unavailable$208$169.84 +17.1%Jul 22, 2026
NeedhamKyle Peterson$245$173 +38.0%Jul 22, 2026
Wells FargoJason Haas$212$173 +19.4%Jul 22, 2026
Morgan StanleyAnalyst unavailable$225$173 +26.7%Jul 22, 2026
Robert W. BairdAnalyst unavailable$232$173 +30.6%Jul 22, 2026
BarclaysAnalyst unavailable$200$173 +12.6%Jul 22, 2026
RBC CapitalAshish Sabadra$194$173 +9.2%Jul 22, 2026
Goldman SachsGeorge Tong$182$173 +2.5%Jul 21, 2026
Mizuho SecuritiesAnalyst unavailable$210$167.22 +18.3%Jul 2, 2026
Goldman SachsGeorge Tong$173$151.93 -2.6%Jun 26, 2026
Wells FargoAnalyst unavailable$220$154.84 +23.9%Jun 18, 2026
UBSAnalyst unavailable$215$165.13 +21.1%Jun 16, 2026
UBSKevin McVeigh$220$176.38 +23.9%Apr 23, 2026
Mizuho SecuritiesAnalyst unavailable$222$186.85 +25.0%Apr 16, 2026
Goldman SachsAnalyst unavailable$208$193.55 +17.1%Feb 6, 2026
RBC CapitalAshish Sabadra$222$188.19 +25.0%Feb 5, 2026
NeedhamAnalyst unavailable$265$184.57 +49.2%Feb 5, 2026
Stifel NicolausAnalyst unavailable$235$184.63 +32.3%Feb 5, 2026
RBC CapitalAnalyst unavailable$220$183.44 +23.9%Feb 5, 2026
BMO CapitalAnalyst unavailable$195$181.04 +9.8%Feb 5, 2026
Robert W. BairdAnalyst unavailable$250$181.04 +40.8%Feb 5, 2026
UBSAnalyst unavailable$230$181.04 +29.5%Feb 5, 2026
BarclaysManav Patnaik$215$181.04 +21.1%Feb 5, 2026
Morgan StanleyToni Kaplan$244$181.04 +37.4%Feb 4, 2026
Morgan StanleyAnalyst unavailable$280$220.77 +57.7%Dec 17, 2025
BMO CapitalAnalyst unavailable$234$211.51 +31.8%Dec 8, 2025
BMO CapitalAnalyst unavailable$245$229.93 +38.0%Oct 22, 2025
Stifel NicolausAnalyst unavailable$253$231.31 +42.5%Oct 22, 2025
Wells FargoAnalyst unavailable$285$228.33 +60.5%Oct 15, 2025
OppenheimerAnalyst unavailable$271$230.81 +52.6%Oct 13, 2025
UBSAnalyst unavailable$297$256.25 +67.3%Sep 15, 2025
UBSKevin McVeigh$278$243.56 +56.6%Jul 23, 2025
Bank of America SecuritiesJoshua Dennerlein$285$255.08 +60.5%Jun 23, 2025
RBC CapitalAshish Sabadra$300$243.45 +68.9%Mar 20, 2025
BNP ParibasAndrew Grobler$305$260.55 +71.8%Dec 16, 2024
CitigroupArthur Truslove$331$285.2 +86.4%Oct 11, 2024
BNP ParibasAndrew Grobler$310$297.57 +74.6%Sep 19, 2024
BarclaysManav Patnaik$380$297.77 +114.0%Sep 13, 2024
New StreetToni Kaplan$271$297.99 +52.6%Sep 12, 2024
NeedhamKyle Peterson$350$305.12 +97.1%Aug 28, 2024
Wells FargoJason Haas$340$283.59 +91.5%Aug 12, 2024
NeedhamKyle Peterson$320$265.9 +80.2%Jul 19, 2024
Stifel NicolausShlomo Rosenbaum$305$264.19 +71.8%Jul 19, 2024
OppenheimerOwen Lau$300$260.3 +68.9%Jul 19, 2024
Goldman SachsGeorge Tong$277$264.19 +56.0%Jul 18, 2024
Evercore ISIDavid Togut$305$272.15 +71.8%Jul 18, 2024
OppenheimerOwen Lau$272$217.51 +53.2%Apr 19, 2024
Stifel NicolausShlomo Rosenbaum$265$217.51 +49.2%Apr 19, 2024
Robert W. BairdJeffrey Meuler$260$217.51 +46.4%Apr 19, 2024
Morgan StanleyToni Kaplan$240$217.51 +35.2%Apr 18, 2024
Stifel NicolausShlomo Rosenbaum$295$262.74 +66.1%Apr 9, 2024
Evercore ISIDavid Togut$310$247.94 +74.6%Feb 13, 2024
Deutsche BankFaiza Alwy$267$230.38 +50.4%Dec 7, 2023
RBC CapitalAshish Sabadra$205$202.29 +15.4%Apr 21, 2023
Truist FinancialAnalyst unavailable$260$222.56 +46.4%Feb 6, 2023
Wells FargoAnalyst unavailable$210$217.56 +18.3%Jan 13, 2023
Morgan StanleyAnalyst unavailable$197$205.76 +10.9%Jan 4, 2023
Stifel NicolausStifel Stifel$222$192.63 +25.0%Dec 16, 2022
J.P. MorganAnalyst unavailable$219$201.85 +23.3%Nov 18, 2022
Atlantic EquitiesSimon Clinch$230$207.1 +29.5%Nov 15, 2022
NeedhamAnalyst unavailable$230$193.99 +29.5%Nov 14, 2022
Morgan StanleyAnalyst unavailable$212$172.07 +19.4%Sep 27, 2022
BarclaysAnalyst unavailable$230$193.99 +29.5%Jul 27, 2022
Deutsche BankAnalyst unavailable$221$201.22 +24.5%Jul 22, 2022
Truist FinancialAndrew Jeffrey$230$200.56 +29.5%Jul 22, 2022
Morgan StanleyAnalyst unavailable$230$200.56 +29.5%Jul 22, 2022
Credit SuisseAnalyst unavailable$245$200.52 +38.0%Jul 21, 2022
Stifel NicolausAnalyst unavailable$223$183.14 +25.6%Jul 1, 2022
Morgan StanleyToni Kaplan$227$184.94 +27.8%Jun 28, 2022
Evercore ISIDavid Togut$200$203.52 +12.6%Apr 29, 2022
BarclaysAnalyst unavailable$250$206.53 +40.8%Apr 22, 2022
Credit SuisseAnalyst unavailable$250$206.44 +40.8%Apr 22, 2022
Deutsche BankAnalyst unavailable$225$202.95 +26.7%Apr 22, 2022
Goldman SachsGeorge Tong$221$202.95 +24.5%Apr 21, 2022
RBC CapitalAnalyst unavailable$244$221.41 +37.4%Apr 21, 2022
Morgan StanleyToni Kaplan$250$202.95 +40.8%Apr 21, 2022
NeedhamKyle Peterson$275$202.95 +54.9%Apr 21, 2022
Robert W. BairdJeffrey Meuler$281$221.41 +58.2%Apr 20, 2022
Deutsche BankFaiza Alwy$265$214.14 +49.2%Apr 18, 2022
BarclaysManav Patnaik$300$235.46 +68.9%Mar 27, 2022
Cowen & Co.Georgios Mihalos$295$228.23 +66.1%Jan 20, 2022
BNP ParibasGeorge Gregory$290$280.26 +63.3%Nov 22, 2021
JefferiesHamzah Mazari$320$274.74 +80.2%Nov 11, 2021
Argus ResearchDavid Coleman$285$267.42 +60.5%Oct 22, 2021
Goldman SachsGeorge Tong$267$248.56 +50.4%Jul 22, 2021
Credit SuisseKevin Mcveigh$270$220.02 +52.0%Apr 22, 2021
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Company context

Snapshot as of publication

Equifax Inc. operates as a global data and analytics company, delivering a range of information solutions and specialized human resources administrative process outsourcing services. Its clientele spans across businesses, governmental organizations, and individual consumers. The company's operations are structured into three primary divisions: Workforce Solutions, U.S. Information Solutions (USIS), and International. The Workforce Solutions segment specializes in employment-related data, offering verification services for income, employment history, criminal records, and Social Security numbers. It also provides tools for payroll-based transactions, employment tax management, and products aimed at protecting against identity theft. The U.S. Information Solutions (USIS) segment provides a comprehensive suite of services for both consumers and businesses within the United States.…

Historical context

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Sources

  1. Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
  2. FN2 earnings calendar · 2024-11-11T06:39:45.180704+00:00
  3. Polygon adjusted daily market bars · 2026-10-27T02:50:40.421030+00:00
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-27T02:50:40.418290+00:00

Methodology

Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.

Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.

Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.

By FN2 Research · Updated · As of 2026-10-27. For educational purposes only; not investment advice.