Experian (LSE:EXPN), a leading global data services company, is anticipated to build on its strong 2023 performance in next Tuesday’s third-quarter earnings call.
Supporting a bullish thesis, the FTSE 100 constituent has tracked in line with management’s guidance throughout the financial year, noted Shore Capital Markets analysts.
ShoreCap expects organic revenue growth in the range of 4% to 6% and “modest margin accretion” for the full year.
“We expect to see heightened interest from investors over the group’s view of credit trends and the mortgage market in North America as interest rates have seemingly peaked, perhaps driving a return to higher growth rates for 2025,” said analysts.
“Data is increasingly critical to the global economy, this is not set to change, and this continues to underpin our buy stance” on Experian (LSE:EXPN) stock, they added.
Experian shares were swapping for 3,164p as of Friday, 12 January’s close, representing an 11% year-on-year increase.
Looking ahead, the group’s strong cash conversion, firm asset-allocation policy and acquisitive investment opportunities “all remain supportive to the investment story”, according to ShoreCap.