TRANSUNION Reports Second Quarter Fiscal Year 2023 Earnings Results on July 25 2023

🌥️Earnings Overview

On July 25 2023, TRANSUNION ($NYSE:TRU) reported its earnings results for the second quarter of Fiscal Year 2023, which ended on June 30 2023. Total revenue for the quarter was USD 968.0 million, a 2.1% increase on the same period from the previous year. Unfortunately, net income declined 43.6%, amounting to USD 53.9 million.

Price History

At the opening of the trading day, TRANSUNION stock was at $79.6, and closed at $81.3, representing a 2.9% increase from its prior closing price of $79.0. The earnings report was a positive one, and investors responded positively to the news, signaling their confidence in the company’s financial performance. The company has continued to grow and expand its business in markets around the world, and its results in the second quarter are indicative of that work. In addition to the strong financial performance, TRANSUNION also announced a new partnership with a major technology company to provide more accurate and reliable credit scores for their customers.

This partnership could further boost TRANSUNION’s customer base and revenue potential in the coming quarters. With increased revenue and a strong presence in multiple markets, TRANSUNION is poised to remain a leader in the industry for years to come. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Transunion. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Transunion. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Transunion. More…

Key Ratios Snapshot

Some of the financial key ratios for Transunion are shown below. More…

Analysis

GoodWhale’s analysis of TRANSUNION‘s financials has revealed some interesting insights. Our Star Chart shows that TRANSUNION is strong in dividend, growth, profitability, and weak in asset. We find that TRANSUNION has a high health score of 7/10 with regard to its cashflows and debt, meaning that it is capable to pay off debt and fund future operations. Furthermore, we have classified TRANSUNION as a ‘gorilla’, a type of company that has achieved stable and high revenue or earnings growth due to its strong competitive advantage. Investors that may be interested in such a company include value investors, growth investors, and dividend investors. They will be looking for a company with strong financials and a competitive advantage that can help them generate returns over the long-term. More…

Peers

The company was founded in 1968 and is headquartered in Chicago, Illinois.

– Experian PLC ($LSE:EXPN)

As of 2022, Experian PLC has a market cap of 24.81B and a Return on Equity of 34.45%. The company is a global information services company that provides data and analytical tools to clients in a variety of industries. Experian PLC has operations in 40 countries and employs approximately 17,000 people.

– Equifax Inc ($NYSE:EFX)

As of 2022, Equifax Inc has a market cap of 18.4B and a Return on Equity of 18.44%. The company is a consumer credit reporting agency, which means that it gathers and provides information on consumers’ borrowing and repayment history. This information is then used by businesses to assess creditworthiness and make lending decisions. Equifax is one of the three major credit reporting agencies in the United States, along with Experian and TransUnion.

– CRA International Inc ($NASDAQ:CRAI)

CRA International Inc is a global consulting firm with a market cap of 679.36M as of 2022. The company has a Return on Equity of 17.68%. CRA International Inc provides consulting services in the areas of antitrust and competition, economic, financial, and management consulting.

Summary

TransUnion reported second quarter FY2023 earnings results on July 25 2023, showing total revenue of USD 968 million, a 2.1% increase from the same period last year. Net income decreased 43.6%, amounting to USD 53.9 million. Investors should consider the impact of this decrease in net income and continued revenue growth as they evaluate the company’s financial performance and potential long-term investment prospects. As always, investors should also conduct their own due diligence on the company and its underlying performance before making any decisions.