Street View: Analysts bearish on Equifax after Q4 revenue miss

Equifax

07/02/2025 17:46

** Credit ratings firm Equifax  EFX.N  reported
worse-than-expected quarterly revenue on Thursday, on a weaker
hiring market and slower-than-expected mortgage growth
    ** Shares fell over 8.4% on Thursday
    ** At least six brokerages cut PT on stock after results
    
    MACRO STRUGGLES CONTINUE
    ** J.P. Morgan ("overweight", cuts PT to $277 from $283)
says they are reducing 2026 estimates on uncertainty around the
timing of a recovery in both the mortgage market as well as
gross hiring activity
    ** "A range of macro factors including interest rates or
economic hiccups could impact consumer spending trends and lead
to reduced demand for Equifax's credit data," brokerage says
    ** Oppenheimer ("outperform", cuts PT to $279 from $286)
says regulatory changes by the Federal Housing Finance Agency
could hold adverse implications for EFX and reduce demand for
its services
    ** Stifel ("buy", cuts PT to $281 from $284) says the
current environment could result in lower high-margin revenue
    ** Needham ("buy", cuts PT to $300 from $325) says co's
challenges are consistent with the macro data as mortgage rates
remain well above historical levels and white-collar hiring
activity continues to be sluggish

 (Reporting by Ateev Bhandari in Bengaluru)
 ((Ateev.Bhandari@thomsonreuters.com;))