Equifax Prepares to Report Earnings With Analysts Expecting 9.2% Revenue Growth

Equifax Inc. (NYSE:EFX) is scheduled to publish its quarterly financial results on Tuesday before the market opens. Wall Street expects the credit reporting company to post a 9.2% year-over-year increase in revenue, which represents an acceleration from the 7.2% growth recorded in the same period a year ago. Analysts covering the firm have largely kept their forecasts steady over the past 30 days.

In the prior quarter, Equifax generated $1.7 billion in revenue, up 10.6% compared to the prior year, meeting consensus expectations. However, the company slightly missed full-year earnings guidance estimates while meeting full-year revenue targets. Investors are watching closely to see if Equifax can meet top-line estimates, as the company has missed Wall Street revenue forecasts multiple times over the last two years.

Recent quarterly reports from professional services peers present a mixed picture for the sector. Marsh reported revenue growth of 8.1% and saw its shares rise 5.6%, whereas ManpowerGroup met expectations with 4.4% growth but saw its stock drop 20.2%. Equifax stock is currently trading near $161.20, remaining flat over the last month, while holding an average analyst price target of $196.35.