Equifax Inc. (EFX, Financial) filed Quarterly Report for the period ended 2012-09-30.
Equifax Inc. has a market cap of $6.04 billion; its shares were traded at around $49.42 with a P/E ratio of 18.2 and P/S ratio of 3.1. The dividend yield of Equifax Inc. stocks is 1.4%. Equifax Inc. had an annual average earning growth of 6.4% over the past 10 years. GuruFocus rated Equifax Inc. the business predictability rank of 3.5-star.
Revenue decreased by 15% in the first nine months of 2012 as compared to the prior year period. While the deconsolidation of Brazil negatively impacted revenue by $35.4 million in the first nine months of 2012, revenue in our other Latin American countries increased 8% in the first nine months of 2012 as compared to 2011. Local currency revenue, excluding Brazil, increased by 13% in the first nine months of 2012 due most particularly to strong growth in Argentina, Uruguay and Ecuador slightly offset by a small decline in Chile due to a regulatory change in allowable uses of credit reports. Local currency fluctuations against the U.S. dollar, excluding Brazil, negatively impacted revenue by $5.8 million, or 5%, in the first nine months of 2012 compared to a year ago.
Revenue increased 3% and 8% in the three and nine month periods, respectively, compared to the same periods in 2011. In local currency, revenue growth was 7% in the third quarter and 12% in the first nine months of 2012 driven in both periods primarily by increased sales in most product segments offset partially by more challenging economic conditions. Local currency fluctuations against the U.S. dollar negatively impacted revenue by $1.6 million, or 4%, in the third quarter, and $4.8 million, or 4%, in the first nine months of 2012.
Local currency revenue increased 1% and 3% in the three and nine month periods, respectively, compared to the prior year periods in 2011 primarily due to increased volumes for our analytical services products. Local currency fluctuations against the U.S. dollar negatively impacted revenue by $0.5 million, or 1%, in the third quarter, and $2.4 million, or 2%, in the first nine months of 2012, resulting in flat reported nominal revenue in the third quarter and 1% growth year to date.
Revenue decreased for the three and nine months ended September 30, 2012, as compared to the same periods in the prior year, by 2% and 1%, respectively. In local currency, revenue decreased 1% for the third quarter of 2012 and was flat for the first nine months of 2012 as compared to the prior year periods. Transaction-based revenue serving credit risk needs of our customers, which represents approximately 60% of our revenue, grew 4% in the third quarter of 2012 and 5% in the first nine months of 2012 as compared to the prior year. This growth was more than offset by an 8% decline in the third quarter and a 7% decline in the first nine months of 2012 in project-oriented revenue as customers delayed or canceled certain small business marketing programs given the uncertain environment for small businesses. Operating margin decreased in the third quarter and first nine months of 2012 due to a slight revenue decline combined with a 4% and 7% increase, respectively, in operating expenses as the business continues to invest in its longer term strategy despite the current slowdown in demand for marketing services.
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Equifax Inc. has a market cap of $6.04 billion; its shares were traded at around $49.42 with a P/E ratio of 18.2 and P/S ratio of 3.1. The dividend yield of Equifax Inc. stocks is 1.4%. Equifax Inc. had an annual average earning growth of 6.4% over the past 10 years. GuruFocus rated Equifax Inc. the business predictability rank of 3.5-star.
Highlight of Business Operations:
International revenue decreased 4% in the nine month period, compared to the same period in 2011. While the deconsolidation of Brazil negatively impacted revenue by $35.4 million in the nine month period ending September 30, 2012, revenue in our other geographies increased by 6% in the nine month period as compared to 2011. Local currency revenue, excluding Brazil, increased 10% for the first nine months of 2012 due to solid growth in Europe and other Latin American countries. Local currency fluctuations against the U.S. dollar, excluding Brazil, negatively impacted our International revenue by $13.0 million, or 4%, in the first nine months of the year.Revenue decreased by 15% in the first nine months of 2012 as compared to the prior year period. While the deconsolidation of Brazil negatively impacted revenue by $35.4 million in the first nine months of 2012, revenue in our other Latin American countries increased 8% in the first nine months of 2012 as compared to 2011. Local currency revenue, excluding Brazil, increased by 13% in the first nine months of 2012 due most particularly to strong growth in Argentina, Uruguay and Ecuador slightly offset by a small decline in Chile due to a regulatory change in allowable uses of credit reports. Local currency fluctuations against the U.S. dollar, excluding Brazil, negatively impacted revenue by $5.8 million, or 5%, in the first nine months of 2012 compared to a year ago.
Revenue increased 3% and 8% in the three and nine month periods, respectively, compared to the same periods in 2011. In local currency, revenue growth was 7% in the third quarter and 12% in the first nine months of 2012 driven in both periods primarily by increased sales in most product segments offset partially by more challenging economic conditions. Local currency fluctuations against the U.S. dollar negatively impacted revenue by $1.6 million, or 4%, in the third quarter, and $4.8 million, or 4%, in the first nine months of 2012.
Local currency revenue increased 1% and 3% in the three and nine month periods, respectively, compared to the prior year periods in 2011 primarily due to increased volumes for our analytical services products. Local currency fluctuations against the U.S. dollar negatively impacted revenue by $0.5 million, or 1%, in the third quarter, and $2.4 million, or 2%, in the first nine months of 2012, resulting in flat reported nominal revenue in the third quarter and 1% growth year to date.
Revenue decreased for the three and nine months ended September 30, 2012, as compared to the same periods in the prior year, by 2% and 1%, respectively. In local currency, revenue decreased 1% for the third quarter of 2012 and was flat for the first nine months of 2012 as compared to the prior year periods. Transaction-based revenue serving credit risk needs of our customers, which represents approximately 60% of our revenue, grew 4% in the third quarter of 2012 and 5% in the first nine months of 2012 as compared to the prior year. This growth was more than offset by an 8% decline in the third quarter and a 7% decline in the first nine months of 2012 in project-oriented revenue as customers delayed or canceled certain small business marketing programs given the uncertain environment for small businesses. Operating margin decreased in the third quarter and first nine months of 2012 due to a slight revenue decline combined with a 4% and 7% increase, respectively, in operating expenses as the business continues to invest in its longer term strategy despite the current slowdown in demand for marketing services.
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