Analyst Consensus ?
ConsensusBuy36 ratings
Bullish2466.7%
Neutral1130.5%
Bearish12.8%
Equifax Inc. · EFX · FY2024 Q3 · Calendar Q4 2024
Equifax Q3: Cloud Progress and Non-Mortgage Growth Lead
The quarter supports a constructive—but qualified—case for earnings growth: resilient non-mortgage demand, a mortgage rebound and cloud-completion benefits were offset partly by employer-services pressure and remaining execution risks.
Reported After market closeNYSEIndustrials
$17.13B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$1.85
Consensus $1.84
EPS surprise
+0.5%
Reported versus consensus
Reported revenue
$1.44B
Consensus $1.44B
Revenue surprise
-0.2%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
-3.3%
Event window
SPY move
+0.0%
Same window
Abnormal move
-3.3%
Stock minus SPY
Volume
2.0×
Versus trailing sessions
Subsequent drift
-6.5%
Up to 20 sessions
EFXSPY benchmark
Ask FN2 about EFX FY2024 Q3
Transcript, numbers and history already loaded
Why did EFX fall 3.3% after beating EPS estimates in FY2024 Q3?What changed in EFX's guidance and outlook in FY2024 Q3?Give me the bull and bear case for EFX after FY2024 Q3 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior quarter, mortgage revenue rebounded sharply, cloud transformation moved closer to completion, and partnerships accelerated record additions. The outlook remained robust, but Q4 expectations were slightly below July expectations because of slower employer services and ERC phase-out.
Guidance delta
Q4 guidance remains robust but is slightly below July expectations because of slower employer services and ERC phase-out.
Key takeaways
- Q3 revenue was $1.42 billion, up 9%, with adjusted EPS of $1.85 at the top end of guidance.
- Non-mortgage businesses delivered strong double-digit growth, led by government and talent verticals.
- USIS mortgage revenue increased 36% year over year, helped by lower rates and new pre-qualification products.
- Strategic partnerships accelerated record additions, including Workday and five additional partners.
- Cloud transformation is substantially complete and is expected to lower capital intensity and support margin expansion.
Management priorities
- Finalize remaining cloud migrations across Europe, Latin America, Brazil, Australia and New Zealand through 2025–26.
- Roll out AI-enabled verification and scoring models across EWS and USIS.
- Continue bolt-on acquisitions targeting 1–2% annual revenue growth.
- Expand the government vertical through state-level penetration and additional SSA contracts.
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Miss
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Analyst 52W Price Targets
$145.78Current
$148Low
$241.71Average
$331High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 10, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Barclays | Equal Weight | Equal Weight | Maintain | Oct 2, 2026 |
| BMO Capital | Market Perform | Market Perform | Maintain | Sep 30, 2026 |
| Wells Fargo | Overweight | Overweight | Maintain | Sep 22, 2026 |
| Rothschild & Co | Buy | Neutral | Upgrade | Aug 21, 2026 |
| RBC Capital | Outperform | Outperform | Maintain | Jul 22, 2026 |
| Needham | Buy | Buy | Maintain | Jul 22, 2026 |
| Morgan Stanley | Overweight | Overweight | Maintain | Jul 22, 2026 |
| Baird | Outperform | Outperform | Maintain | Jul 22, 2026 |
| UBS | Buy | Buy | Maintain | Jul 8, 2026 |
| Mizuho | Outperform | Outperform | Maintain | Jul 2, 2026 |
| B of A Securities | Buy | Buy | Maintain | May 19, 2026 |
| Goldman Sachs | Neutral | Neutral | Maintain | Feb 9, 2026 |
| Stifel | Buy | Buy | Maintain | Feb 5, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Feb 5, 2026 |
| Oppenheimer | Outperform | Outperform | Maintain | Jan 12, 2026 |
| Citigroup | Buy | Buy | Maintain | Jul 23, 2025 |
| Jefferies | Buy | Buy | Maintain | Jan 15, 2025 |
| Exane BNP Paribas | Outperform | Neutral | Upgrade | Dec 16, 2024 |
| Wolfe Research | Peer Perform | Outperform | Downgrade | Dec 12, 2024 |
| Evercore ISI Group | Outperform | In Line | Upgrade | Feb 13, 2024 |
| Truist Securities | Buy | Buy | Maintain | Feb 9, 2024 |
| Redburn Atlantic | Neutral | Buy | Downgrade | Jan 11, 2024 |
| Deutsche Bank | Buy | Hold | Upgrade | Dec 8, 2023 |
| Credit Suisse | Outperform | Outperform | Maintain | Jul 21, 2023 |
| Atlantic Equities | Overweight | Neutral | Upgrade | Nov 15, 2022 |
| Argus Research | Buy | Hold | Upgrade | Oct 22, 2021 |
| SunTrust Robinson Humphrey | Hold | Buy | Downgrade | Jun 9, 2020 |
| CFRA | Hold | Hold | Maintain | Apr 21, 2020 |
| Stifel Nicolaus | Hold | Hold | Maintain | Feb 18, 2020 |
| Bank of America | Underperform | Underperform | Maintain | Oct 2, 2019 |
| Stephens & Co. | Equal Weight | Equal Weight | Maintain | Jul 26, 2019 |
| Argus | Hold | Hold | Maintain | Sep 15, 2017 |
| William Blair | Outperform | Outperform | Maintain | Apr 8, 2016 |
| Cowen & Co. | Outperform | Outperform | Maintain | Mar 30, 2016 |
| Raymond James | Market Perform | Outperform | Downgrade | Feb 18, 2014 |
| Evercore Partners | Overweight | Equal Weight | Upgrade | Feb 19, 2013 |
Named analyst price targets
Upside is calculated against the persisted current price $145.78. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Goldman Sachs | George Tong | $148 | $139.73 | +1.5% | Oct 2, 2026 |
| Barclays | Analyst unavailable | $155 | $139.73 | +6.3% | Oct 2, 2026 |
| Credit Suisse | Analyst unavailable | $160 | $140.83 | +9.8% | Sep 30, 2026 |
| Goldman Sachs | George Tong | $171 | $145.78 | +17.3% | Sep 29, 2026 |
| Wells Fargo | Jason Haas | $200 | $158.62 | +37.2% | Sep 22, 2026 |
| BNP Paribas | Andrew Grobler | $245 | $177.05 | +68.1% | Sep 8, 2026 |
| Redburn Partners | Simon Clinch | $235 | $192.41 | +61.2% | Aug 21, 2026 |
| Deutsche Bank | Analyst unavailable | $208 | $169.84 | +42.7% | Jul 22, 2026 |
| Needham | Kyle Peterson | $245 | $173 | +68.1% | Jul 22, 2026 |
| Wells Fargo | Jason Haas | $212 | $173 | +45.4% | Jul 22, 2026 |
| Morgan Stanley | Analyst unavailable | $225 | $173 | +54.3% | Jul 22, 2026 |
| Robert W. Baird | Analyst unavailable | $232 | $173 | +59.1% | Jul 22, 2026 |
| Barclays | Analyst unavailable | $200 | $173 | +37.2% | Jul 22, 2026 |
| RBC Capital | Ashish Sabadra | $194 | $173 | +33.1% | Jul 22, 2026 |
| Goldman Sachs | George Tong | $182 | $173 | +24.8% | Jul 21, 2026 |
| Mizuho Securities | Analyst unavailable | $210 | $167.22 | +44.1% | Jul 2, 2026 |
| Goldman Sachs | George Tong | $173 | $151.93 | +18.7% | Jun 26, 2026 |
| Wells Fargo | Analyst unavailable | $220 | $154.84 | +50.9% | Jun 18, 2026 |
| UBS | Analyst unavailable | $215 | $165.13 | +47.5% | Jun 16, 2026 |
| UBS | Kevin McVeigh | $220 | $176.38 | +50.9% | Apr 23, 2026 |
| Mizuho Securities | Analyst unavailable | $222 | $186.85 | +52.3% | Apr 16, 2026 |
| Goldman Sachs | Analyst unavailable | $208 | $193.55 | +42.7% | Feb 6, 2026 |
| RBC Capital | Ashish Sabadra | $222 | $188.19 | +52.3% | Feb 5, 2026 |
| Needham | Analyst unavailable | $265 | $184.57 | +81.8% | Feb 5, 2026 |
| Stifel Nicolaus | Analyst unavailable | $235 | $184.63 | +61.2% | Feb 5, 2026 |
| RBC Capital | Analyst unavailable | $220 | $183.44 | +50.9% | Feb 5, 2026 |
| BMO Capital | Analyst unavailable | $195 | $181.04 | +33.8% | Feb 5, 2026 |
| Robert W. Baird | Analyst unavailable | $250 | $181.04 | +71.5% | Feb 5, 2026 |
| UBS | Analyst unavailable | $230 | $181.04 | +57.8% | Feb 5, 2026 |
| Barclays | Manav Patnaik | $215 | $181.04 | +47.5% | Feb 5, 2026 |
| Morgan Stanley | Toni Kaplan | $244 | $181.04 | +67.4% | Feb 4, 2026 |
| Morgan Stanley | Analyst unavailable | $280 | $220.77 | +92.1% | Dec 17, 2025 |
| BMO Capital | Analyst unavailable | $234 | $211.51 | +60.5% | Dec 8, 2025 |
| BMO Capital | Analyst unavailable | $245 | $229.93 | +68.1% | Oct 22, 2025 |
| Stifel Nicolaus | Analyst unavailable | $253 | $231.31 | +73.5% | Oct 22, 2025 |
| Wells Fargo | Analyst unavailable | $285 | $228.33 | +95.5% | Oct 15, 2025 |
| Oppenheimer | Analyst unavailable | $271 | $230.81 | +85.9% | Oct 13, 2025 |
| UBS | Analyst unavailable | $297 | $256.25 | +103.7% | Sep 15, 2025 |
| UBS | Kevin McVeigh | $278 | $243.56 | +90.7% | Jul 23, 2025 |
| Bank of America Securities | Joshua Dennerlein | $285 | $255.08 | +95.5% | Jun 23, 2025 |
| RBC Capital | Ashish Sabadra | $300 | $243.45 | +105.8% | Mar 20, 2025 |
| BNP Paribas | Andrew Grobler | $305 | $260.55 | +109.2% | Dec 16, 2024 |
| Citigroup | Arthur Truslove | $331 | $285.2 | +127.1% | Oct 11, 2024 |
| BNP Paribas | Andrew Grobler | $310 | $297.57 | +112.6% | Sep 19, 2024 |
| Barclays | Manav Patnaik | $380 | $297.77 | +160.7% | Sep 13, 2024 |
| New Street | Toni Kaplan | $271 | $297.99 | +85.9% | Sep 12, 2024 |
| Needham | Kyle Peterson | $350 | $305.12 | +140.1% | Aug 28, 2024 |
| Wells Fargo | Jason Haas | $340 | $283.59 | +133.2% | Aug 12, 2024 |
| Needham | Kyle Peterson | $320 | $265.9 | +119.5% | Jul 19, 2024 |
| Stifel Nicolaus | Shlomo Rosenbaum | $305 | $264.19 | +109.2% | Jul 19, 2024 |
| Oppenheimer | Owen Lau | $300 | $260.3 | +105.8% | Jul 19, 2024 |
| Goldman Sachs | George Tong | $277 | $264.19 | +90.0% | Jul 18, 2024 |
| Evercore ISI | David Togut | $305 | $272.15 | +109.2% | Jul 18, 2024 |
| Oppenheimer | Owen Lau | $272 | $217.51 | +86.6% | Apr 19, 2024 |
| Stifel Nicolaus | Shlomo Rosenbaum | $265 | $217.51 | +81.8% | Apr 19, 2024 |
| Robert W. Baird | Jeffrey Meuler | $260 | $217.51 | +78.4% | Apr 19, 2024 |
| Morgan Stanley | Toni Kaplan | $240 | $217.51 | +64.6% | Apr 18, 2024 |
| Stifel Nicolaus | Shlomo Rosenbaum | $295 | $262.74 | +102.4% | Apr 9, 2024 |
| Evercore ISI | David Togut | $310 | $247.94 | +112.6% | Feb 13, 2024 |
| Deutsche Bank | Faiza Alwy | $267 | $230.38 | +83.2% | Dec 7, 2023 |
| RBC Capital | Ashish Sabadra | $205 | $202.29 | +40.6% | Apr 21, 2023 |
| Truist Financial | Analyst unavailable | $260 | $222.56 | +78.4% | Feb 6, 2023 |
| Wells Fargo | Analyst unavailable | $210 | $217.56 | +44.1% | Jan 13, 2023 |
| Morgan Stanley | Analyst unavailable | $197 | $205.76 | +35.1% | Jan 4, 2023 |
| Stifel Nicolaus | Stifel Stifel | $222 | $192.63 | +52.3% | Dec 16, 2022 |
| J.P. Morgan | Analyst unavailable | $219 | $201.85 | +50.2% | Nov 18, 2022 |
| Atlantic Equities | Simon Clinch | $230 | $207.1 | +57.8% | Nov 15, 2022 |
| Needham | Analyst unavailable | $230 | $193.99 | +57.8% | Nov 14, 2022 |
| Morgan Stanley | Analyst unavailable | $212 | $172.07 | +45.4% | Sep 27, 2022 |
| Barclays | Analyst unavailable | $230 | $193.99 | +57.8% | Jul 27, 2022 |
| Deutsche Bank | Analyst unavailable | $221 | $201.22 | +51.6% | Jul 22, 2022 |
| Truist Financial | Andrew Jeffrey | $230 | $200.56 | +57.8% | Jul 22, 2022 |
| Morgan Stanley | Analyst unavailable | $230 | $200.56 | +57.8% | Jul 22, 2022 |
| Credit Suisse | Analyst unavailable | $245 | $200.52 | +68.1% | Jul 21, 2022 |
| Stifel Nicolaus | Analyst unavailable | $223 | $183.14 | +53.0% | Jul 1, 2022 |
| Morgan Stanley | Toni Kaplan | $227 | $184.94 | +55.7% | Jun 28, 2022 |
| Evercore ISI | David Togut | $200 | $203.52 | +37.2% | Apr 29, 2022 |
| Barclays | Analyst unavailable | $250 | $206.53 | +71.5% | Apr 22, 2022 |
| Credit Suisse | Analyst unavailable | $250 | $206.44 | +71.5% | Apr 22, 2022 |
| Deutsche Bank | Analyst unavailable | $225 | $202.95 | +54.3% | Apr 22, 2022 |
| Goldman Sachs | George Tong | $221 | $202.95 | +51.6% | Apr 21, 2022 |
| RBC Capital | Analyst unavailable | $244 | $221.41 | +67.4% | Apr 21, 2022 |
| Morgan Stanley | Toni Kaplan | $250 | $202.95 | +71.5% | Apr 21, 2022 |
| Needham | Kyle Peterson | $275 | $202.95 | +88.6% | Apr 21, 2022 |
| Robert W. Baird | Jeffrey Meuler | $281 | $221.41 | +92.8% | Apr 20, 2022 |
| Deutsche Bank | Faiza Alwy | $265 | $214.14 | +81.8% | Apr 18, 2022 |
| Barclays | Manav Patnaik | $300 | $235.46 | +105.8% | Mar 27, 2022 |
| Cowen & Co. | Georgios Mihalos | $295 | $228.23 | +102.4% | Jan 20, 2022 |
| BNP Paribas | George Gregory | $290 | $280.26 | +98.9% | Nov 22, 2021 |
| Jefferies | Hamzah Mazari | $320 | $274.74 | +119.5% | Nov 11, 2021 |
| Argus Research | David Coleman | $285 | $267.42 | +95.5% | Oct 22, 2021 |
| Goldman Sachs | George Tong | $267 | $248.56 | +83.2% | Jul 22, 2021 |
| Credit Suisse | Kevin Mcveigh | $270 | $220.02 | +85.2% | Apr 22, 2021 |
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Start freeCompany context
Snapshot as of publicationEquifax 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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Latest beats and misses
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2024-10-17T05:10:49.140638+00:00
- Polygon adjusted daily market bars · 2026-10-10T18:40:45.187478+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-10T18:40:45.183883+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 2026-10-10. For educational purposes only; not investment advice.