Benzinga - Equifax Inc. (NYSE: EFX) reported better-than-expected Q1 results and issued guidance.
Equifax reported first quarter 2023 revenues of $1.30 billion, down 4% Y/Y, beating the consensus of $1.28 billion. Adjusted EPS declined 36% Y/Y to $1.43, above the consensus of $1.37.
Equifax said it expects Q2 revenue of $1.31 billion-$1.33 billion (consensus $1.34 billion) and adjusted EPS within $1.60-$1.70 (estimate $1.81).
Equifax shares gained 3.8% to close at $202.23 on Thursday, but lost 2.5% in the after-hours trading session.
These analysts made changes to their price targets on Equifax following earnings announcement.
- Wells Fargo raised the price target on Equifax from $210 to $215. Wells Fargo analyst Seth Weber maintained an Equal-Weight rating.
- Deutsche Bank cut the price target on Equifax from $214 to $212. Deutsche Bank analyst Faiza Alwy maintained the stock with a Hold rating.
- RBC Capital analyst Ashish Sabadra, meanwhile, reiterated Equifax with a Sector Perform and maintained $205 price target.
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