Credit reporting company TransUnion (NYSE: TRU) will be announcing earnings results this Thursday morning. Here’s what you need to know.
TransUnion beat analysts’ revenue expectations by 3.7% last quarter, reporting revenues of $1.14 billion, up 9.5% year on year. It was a satisfactory quarter for the company, with an impressive beat of analysts’ revenue estimates but a miss of analysts’ EPS guidance for next quarter estimates.
Is TransUnion a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting TransUnion’s revenue to grow 4.4% year on year to $1.13 billion, slowing from the 12% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.04 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. TransUnion has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 2% on average.
Looking at TransUnion’s peers in the professional services segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Equifax delivered year-on-year revenue growth of 7.2%, beating analysts’ expectations by 1.4%, and ManpowerGroup reported revenues up 2.3%, topping estimates by 0.7%. ManpowerGroup traded down 11.4% following the results.
Read our full analysis of Equifax’s results here and ManpowerGroup’s results here.
Investors in the professional services segment have had fairly steady hands going into earnings, with share prices down 1.5% on average over the last month. TransUnion is down 7.8% during the same time and is heading into earnings with an average analyst price target of $107 (compared to the current share price of $80.94).
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