Credit reporting agency Equifax (EFX) announced its third quarter earnings report after the bell on Wednesday. The company said its adjusted Q3 bottom line number was 57 cents per share, 2 cents better than the 55 cents per share the Street was expecting. Revenue came in at $451.9 million for the quarter, just slightly lower than the consensus for $452.1 million.
In terms of guidance, EPS was also in line with estimates. The company said it expects Q4 earnings numbers to come in between 53 cents and 58 cents per share right in the range of the 56 cents analysts expected. But this solid news wasn’t pleasant to the after-hours set. EFX shares fell more than 3% in the session.
If we look at the chart here of EFX, we see a very volatile entity. The stock experienced violent price swings from January to March, and then again from March to May. Even since May, the stock has rumbled back and forth between the short-term, 50-day moving average (blue line), and the long-term, 200-day moving average (red line).
If you’re a short-term trader who is unfazed by volatility, then EFX could be a good trading vehicle. If, however, you are a long-term investor, I’d say there are far better ways to enhance your fiscal picture than by adding EFX shares to your portfolio at this price point.
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