The Atlanta-based company is expected to report a third-quarter profit, not including one-time costs such as those associated with the breach, of $1.49 per share, versus $1.42 a year earlier, according to Thomson Reuters I/B/E/S.
That includes the costs to investigate the hack, legal fees and expenses for offering consumers free credit file monitoring and identity theft protection to its USA consumers.
Third-quarter net income attributable to Equifax Inc. dropped from a year ago as the company revealed and addressed damage from a cybersecurity incident, but mortgage services revenue remained fairly stable.
Equifax, the credit reporting firm, is facing more than 240 class-action lawsuits from consumers - in addition to suits from shareholders and financial institutions - over the way it handled a massive data breach that affected 145.5 million Americans. Revenues, however, were up four percent at $834.9 million.
Equifax spent nearly $15 million on customer support after disclosing the breach in early September through month end, with the company estimating its total cost to provide free credit monitoring and identity theft protection will cost it as much as $110 million more.
"Certain of our customers have determined to defer new contracts or projects unless and until we can provide assurances regarding our ability to prevent unauthorized access to our systems and the data we maintain", Equifax said.
Equifax executives are scheduled to take questions from analysts during a conference call on Friday at 8:30 a.m.in NY. Profits, however, were down 27 percent from the previous year at $96.3 million - in large part due to the breach. The company said its adjusted earnings per share were $1.53. The company expects revenue of $825 million to $835 million, compared to the average analyst forecast of $833.65 million.
The latest management commentary "generally supports the view that the long-term business model looks at least okay", said Huff, who has an "equal weight" rating on Equifax shares.
"I and the entire Equifax organization apologize to the individuals whose personal information was stolen, as well as to our customers, partners, investors, managers and other constituents", Barros said.