Published on 28 Mar 2024 on Zacks via Yahoo Finance
Equifax (EFX) Rallies 32% in a Year: Here's What to Know
Equifax Inc. EFX has had an impressive run over the past year. The stock has gained 32%, outperforming the 24.5% rally of the industry it belongs to and the 29.5% rise of the Zacks S&P 500 composite.
Solid Product Portfolio, Acquisitions Fuel Growth
We anticipate sustained revenue growth in the coming years, driven by various factors. Over the past five years (2019-2023), Equifax has achieved a compound annual growth rate of 8.5% in total revenues. We expect synergies derived from acquisitions, along with continued general consumer credit activity, product innovation and enterprise growth initiatives, will be key contributors to revenue growth in the long term. Our projections indicate a year-over-year revenue increase of 9.5% for 2024.