Credit reporting company TransUnion (NYSE:TRU) will be reporting earnings this Thursday morning. Here’s what to expect.
TransUnion beat analysts’ revenue expectations by 2.3% last quarter, reporting revenues of $1.10 billion, up 7.3% year on year. It was a slower quarter for the company, with a miss of analysts’ full-year EPS guidance estimates.
Is TransUnion a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting TransUnion’s revenue to grow 5.6% year on year to $1.10 billion, slowing from the 7.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.99 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 1.7% on average.
Looking at TransUnion’s peers in the professional services segment, some have already reported their Q2 results, giving us a hint as to what we can expect. CoStar delivered year-on-year revenue growth of 15.3%, beating analysts’ expectations by 1.2%, and Equifax reported revenues up 7.4%, topping estimates by 1.5%.
Read our full analysis of CoStar’s results here and Equifax’s results here.
There has been positive sentiment among investors in the professional services segment, with share prices up 5.1% on average over the last month. TransUnion is up 6.8% during the same time and is heading into earnings with an average analyst price target of $108.84 (compared to the current share price of $92.81).
When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we’ve found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback.
StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.