Q3 Adjusted EPS Tops Estimates at $1.25, Full-Year Outlook Raised
TRU sits 30% above its 52-week low of $60.96.
Summary
TransUnion beat on both lines for Q3: adjusted EPS of $1.25 versus the $1.20 IBES estimate, on revenue of $1,312 million against $1,308 million expected. Adjusted net income came in at $242 million versus $231.2 million estimated, while GAAP EPS was $0.81. The company guided full-year adjusted EPS to $4.81-$4.88, above the $4.78 consensus. This follows the 8-K filed this morning that also added $1 billion to the buyback and lifted the dividend, and comes after a September selloff tied to FHFA criticism of credit bureau practices. The FY revenue outlook line in the release (USD 1,264-1,294 million) is inconsistent with the $5,159 million consensus and appears to be a truncated or mis-transcribed figure — treat it with caution until the full release is checked.
At the time of this announcement, TRU was trading at $79.49 on NYSE in the Finance sector, with a market capitalization of approximately $15.3B. The 52-week trading range was $60.96 to $89.12. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.