BUZZ-Equifax falls on annual forecast below expectations

Reuters
06 Feb
BUZZ-Equifax falls on annual forecast below expectations

** Credit reporting agency Equifax's EFX.N shares fall 6.8% to $251.9

** EFX expects FY25 adj EPS of $7.25-7.65, missing analysts' expectations of $8.81, as per data compiled by LSEG

** Sees FY25 rev of $5.89 bln-$6.01 bln, also below analysts' estimates of $6.27 bln

** 2025 rev and earnings guidance came in materially below our expectations and consensus, say analysts at Jefferies

** "Management is now expecting another year of double-digit declines in mortgage volumes, as well as high-single-digit declines in gross hiring volumes"

** Co posts Q4 rev of $1.42 bln, slightly missing analysts' estimates 1.44 bln

** Reports Q4 adj EPS $2.12, up 17% from a year ago

** As of last close, stock up ~6.03%

(Reporting by Ankita Bora in Bengaluru)

((Ankita.Bora@thomsonreuters.com))

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