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The Markets
by Proactive
Proactive UK has moved.
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The Markets
by Proactive
Proactive UK has moved.
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Financial Services

Experian expected to unveil slow start as North America slows

Data services colossus Experian (LSE:EXPN) updates the market on its first-quarter progress on Friday 14 July, following mixed results in May and with its shares having gone sideways for the past three and a half years.

Final results showed a rise in revenues despite a challenging economic backdrop, seeing growth in all regions, but profits took a hit from a goodwill impairment.

Management guided to growth continuing through 2023 at 4-6% organic growth for the year.

JPMorgan analysts expect a 4% organic growth rate in the past quarter.

Broker Shore Capital said it expects healthy cash generation, with a 5% free cash flow yield, funding more shareholder distributions and investment in growth.

Analyst Robin Speakman forecast North America will slow from circa 9% in the final quarter of its last fiscal year to 8%, South American growth rates to remain in double digits in most areas of activity, 6% growth in the UK & Ireland, similar to Q4, and for EMEA and APAC at 5%.

Matt Britzman at Hargreaves Lansdown said the results should also shed light on how lending conditions in both the UK and US are holding up, "with implications that go far beyond Experian (LSE:EXPN) alone".

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