Wall Street analysts expect Equinix (EQIX) to post quarterly earnings of $10.51 per share in its upcoming report, which indicates a year-over-year increase of 6.9%. Revenues are expected to be $2.57 billion, up 10.9% from the year-ago quarter.
Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
With that in mind, let's delve into the average projections of some Equinix metrics that are commonly tracked and projected by analysts on Wall Street.
It is projected by analysts that the 'Revenues- Non-recurring revenues' will reach $136.11 million. The estimate indicates a change of +34.8% from the prior-year quarter.
The average prediction of analysts places 'Revenues- Recurring revenues' at $2.43 billion. The estimate suggests a change of +9.5% year over year.
The collective assessment of analysts points to an estimated 'Revenues- Recurring revenues- Managed infrastructure' of $120.34 million. The estimate suggests a change of +2% year over year.
Analysts predict that the 'Revenues- Recurring revenues- Colocation' will reach $1.81 billion. The estimate suggests a change of +10.3% year over year.
The combined assessment of analysts suggests that 'Geographic Revenues- EMEA' will likely reach $861.73 million. The estimate suggests a change of +9.9% year over year.
Based on the collective assessment of analysts, 'Geographic Revenues- Americas' should arrive at $1.16 billion. The estimate indicates a year-over-year change of +11.8%.
Analysts forecast 'Geographic Revenues- Asia-Pacific' to reach $542.71 million. The estimate indicates a year-over-year change of +9.2%.
The consensus estimate for 'Geographic Revenues- Americas- Non-recurring' stands at $63.03 million. The estimate points to a change of +31.3% from the year-ago quarter.
According to the collective judgment of analysts, 'Quarter End Utilization - Worldwide' should come in at 77.7%. Compared to the current estimate, the company reported 78.0% in the same quarter of the previous year.
Analysts' assessment points toward 'Cabinet Equivalent Capacity - EMEA' reaching 142,850 . The estimate compares to the year-ago value of 138,100 .
Analysts expect 'Cabinet Equivalent Capacity - APAC' to come in at 97,150 . The estimate compares to the year-ago value of 91,000 .
The consensus among analysts is that 'Quarter End Utilization - EMEA' will reach 77.7%. The estimate is in contrast to the year-ago figure of 77.0%.
View all Key Company Metrics for Equinix here>>>Equinix shares have witnessed a change of -7.9% in the past month, in contrast to the Zacks S&P 500 composite's -1.2% move. With a Zacks Rank #3 (Hold), EQIX is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Equinix, Inc. (EQIX): Free Stock Analysis Report
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