) plummeted over 9% in premarket trading Thursday after the credit reporting agency’s FQ2 and full-year guidance fell short of analysts’ expectations.
For the fiscal Q2, the company forecasts its adjusted EPS for the second quarter to range between $1.65 and $1.75, falling below the analyst estimate of $1.86. Revenue is estimated to range between $1.41 billion and $1.43 billion, also below the anticipated $1.44 billion. "Additionally, 2Q24 EPS guidance is lower than expected, and the company reiterated the 2024 guidance – we believe the Street was expecting a guidance raise based on a better performing mortgage market," added analysts.
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