TransUnion Rising Revenue Brings Elevated Outlook
Things are looking up for TransUnion’s future in terms of stock revenue. The company has given a positive change to its outlook because of an increase in recent revenue. This comes after some negative turns in the last few years, but overall, prospects for the credit monitoring company are positive.
TransUnion is one of the three major credit reporting bureaus in the United States, and as such has a lot of reasons to maintain their own revenue. After all, what good would a credit company with a bad ROI for its investors be? In competition with Experian PLC and Equifax Inc., TransUnion works to keep track of your credit score to help other companies determine the risk in giving you a loan, credit card, or entering into a payment system. TransUnion works out of Chicago, and is a major player in information services.
Recent revenue for the company, in the third quarter, has risen by 15%, which is nothing to scoff at. Even more recently, stock prices have closed high at $25.28 per share, an increase of 4.2%. This number beat industry expectations, leaving stock prices more than 7% above the original share price last June. This increase brings confidence in the company, which is reporting a projected revenue of at least $4 million above an analyst poll result of $358 million expected.
That’s not to say everything looks perfect for the credit monitoring company. This news of increased revenue acts as a recovery from a $4 million loss so far this year, which is a deeper drop after one nearly half that size the year before. The increase in stock value and revenue may reverse these losses in time, but TransUnion is still in the middle of the market’s ups and downs.