Experian PLC

EXPN: XLON (GBR)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
GBX 8,398.00SyjllGbfschd

Experian’s Trading Update Indicates Healthy Results

Wide-moat rated Experian reported solid financial results for its third fiscal quarter ending Dec. 31 with revenue growing 15% and organic revenue growing 11%. The revenue growth was broad-based and Experian expects organic revenue growth of 12%-13%, up from a range of 11%-13% for fiscal 2022, which ends March 31. Overall, there was little in its trading update that would alter our long-term view of the firm, and as a result we don’t expect a large change to our GBX 3,100 fair value estimate on Experian’s shares.

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