02:59 PM EDT, 10/09/2025 (MT Newswires) -- Equifax ( EFX ) is likely to post in-line results in Q3 with a potential upside from better-than-expected mortgage inquiries, RBC Capital Markets said in a Wednesday research report.

RBC models Q3 revenue of nearly $1.52 billion and EPS of $1.92. Growth in Talent services in Q3 is expected to be in line with Q2 amid concerns about soft hiring and the ongoing US government shutdown. The company could also raise the midpoint of its fiscal 2025 guidance by raising the lower end, according to the note.

For Q4, the brokerage said it expects the company to guide for a revenue of $1.50 billion to $1.53 billion and adjusted EPS of $2.02 to $2.12.

RBC trimmed its fiscal 2026 EPS guidance to $8.55 from $8.80 to align with the long-term framework of 12% to 16% EPS growth. However, it expects a modest 0.7% tailwind to fiscal 2026 EPS due to the company's new mortgage score pricing framework. Despite a $104 million revenue headwind in the USIS Mortgage division, RBC said Equifax ( EFX ) can offset this via a 3% price rise in the combined credit data and markup to the FICO price.

The brokerage said it has an outperform rating on the stock with a price target of $300 per share.

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