TransUnion - TRU STOCK NEWS

TransUnion, through its subsidiary Neustar, announced the winners of the 2022 ANA Genius Awards at the ANA Masters of Marketing conference in Orlando, Florida. The awards celebrate organizations excelling in marketing analytics, with notable winners including Hilton, Prudential, PepsiCo, and Sanofi. Each winner will receive a share of a $100,000 prize to donate to charity. This marks the ninth year of the awards, recognizing advancements and commitment to data-driven marketing that enhances business performance.

TransUnion (NYSE: TRU) reported a 26% increase in total revenues for Q3 2022, reaching $938 million, driven by strong performance in International and U.S. Financial Services. However, net income fell to $79 million, down from $114 million a year earlier, and diluted earnings per share decreased to $0.41. For 2022, the company expects organic revenue growth to be around 7%, adjusting for currency headwinds. The U.S. mortgage sector is projected to see revenue declines of 30-35% due to significant inquiry drops.

The recent TransUnion study highlights the potential for mortgage origination growth despite a decrease in overall applications. Key findings reveal that 95% of low-to-moderate income (LMI) consumers are credit eligible for mortgages, along with significant proportions of veterans and self-employed individuals. Many potential homebuyers withdrew applications or were turned down, indicating opportunities for lenders. The study emphasizes the need for targeted outreach to these consumer segments and highlights high tappable home equity among them, despite declining refinancing activity.

TransUnion's 2022 Consumer Holiday Shopping Report reveals a notable rise in consumer anxiety about fraud, with 54% of shoppers concerned this holiday season, up 17% from the previous year. The report highlights a 20% increase in consumer acceptance of identity verification measures during online shopping. Additionally, 26% plan to spend more this year, reflecting a 44% growth compared to last year, driven by higher incomes and enthusiasm. The report emphasizes the importance of security and seamless shopping experiences, as consumers show less tolerance for negative experiences.

TransUnion's latest study reveals rising auto loan delinquency rates driven by lower vehicle inventories and higher prices. Despite this, consumers continue to prioritize auto payments just after mortgages. A backlog of delinquencies from government relief measures contributes to the current delinquency levels. Observations indicate that while serious delinquencies have risen, vintage performance remains stable. The report highlights the importance of adapting lending strategies in the evolving economic landscape.

TransUnion's recent study highlights a shift in consumer behavior as pandemic relief fades. By mid-2022, credit card balances rose to an average of $5,270, with serious delinquency rates hitting 1.57%. The research, which analyzed 5.9 million consumers from Q3 2019 to Q4 2021, revealed that those who fell behind on payments showed liquidity issues up to a year in advance. Lenders are urged to recognize these early signs to mitigate delinquency risks, especially as inflation and interest rates rise.

TransUnion has launched TruValidate Device Risk with Behavioral Analytics to combat fraud, addressing the issue of over $100 billion in global sales revenue lost to false positives. This solution integrates NeuroID technology, allowing businesses to assess the risk of devices and users through behavioral insights without collecting personal data. Companies can utilize a global network of analysts and detailed fraud reports to enhance fraud detection while minimizing the risk of rejecting legitimate customers. The technology benefits industries like insurance, financial services, and retail.

TransUnion (NYSE: TRU) will announce its financial results for the third quarter ending September 30, 2022, on October 25, 2022, at 6:00 a.m. CT. The company will discuss these results in a conference call at 8:30 a.m. CT on the same day. Investors can access the press release and a live webcast of the call through the TransUnion Investor Relations website. TransUnion operates globally, providing insights that foster economic opportunity and empower consumers and businesses.

Neustar, a TransUnion company, announced a partnership with iHeartMedia to enhance marketing attribution by integrating broadcast radio data into Neustar's Unified Measurement Solution. This new offering allows advertisers to measure the impact of radio alongside other channels, improving insights into consumer behavior. With radio reaching over 90% of Americans monthly, this collaboration aims to optimize marketing strategies for brands, offering a comprehensive view of advertising effectiveness across platforms.