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What's in the Cards for IQVIA Holdings (IQV) in Q2 Earnings?
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IQVIA Holdings Inc. (IQV - Free Report) is set to report second-quarter 2018 results on Jul 24 before the bell.
The company has an Earnings ESP of +0.25% and a Zacks Rank #2 (Buy), a combination that increases the odds of an earnings beat. This is because, per our proven model, a stock needs to have both — a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 or 3 (Hold) — to beat estimates. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
We don’t recommend Sell-rated stocks (Zacks Rank #4 or 5) going into the earnings announcement.
IQVIA’s surprise history has been impressive, having surpassed estimates in each of the trailing four quarters, with an average beat of 4.34%.
In a year’s time, the stock has gained 22.1%, significantly outperforming the 2.7% rise of the industry it belongs to.
Here are the expectations in detail.
Q1 Highlights
In the last reported quarter, adjusted earnings of $1.34 per share outpaced the Zacks Consensus Estimate and increased 19.6% year over year.
Total revenues came in at $2.56 billion, which exceeded the consensus estimate and grew 8.6 % on a reported basis and 5.2% on a constant-currency basis.
Q2 Expectations
The Zacks Consensus Estimate for second-quarter revenues is pegged at $2.50 billion. The top line is expected to be driven by operational upside, phasing of pass-through in the company’s R&D Solutions segment and FX data win.
The Zacks Consensus Estimate for second-quarter earnings stands at $1.24. Strong operational performance in the quarter is expected to positively impact the company’s bottom-line performance.
Other Stocks to Consider
Here are a few stocks from the broader Business Services sector that investors may consider as our model shows that these also have the right combination of elements to beat on earnings in second-quarter 2018.
TransUnion (TRU - Free Report) has an Earnings ESP of +1.47% and a Zacks Rank #3. The company is slated to report quarterly results on Jul 24.
Aptiv (APTV - Free Report) has an Earnings ESP of +0.08% and a Zacks Rank #3. The company is slated to report quarterly numbers on Jul 31.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
Image: Bigstock
What's in the Cards for IQVIA Holdings (IQV) in Q2 Earnings?
IQVIA Holdings Inc. (IQV - Free Report) is set to report second-quarter 2018 results on Jul 24 before the bell.
The company has an Earnings ESP of +0.25% and a Zacks Rank #2 (Buy), a combination that increases the odds of an earnings beat. This is because, per our proven model, a stock needs to have both — a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 or 3 (Hold) — to beat estimates. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
We don’t recommend Sell-rated stocks (Zacks Rank #4 or 5) going into the earnings announcement.
IQVIA’s surprise history has been impressive, having surpassed estimates in each of the trailing four quarters, with an average beat of 4.34%.
In a year’s time, the stock has gained 22.1%, significantly outperforming the 2.7% rise of the industry it belongs to.
Here are the expectations in detail.
Q1 Highlights
In the last reported quarter, adjusted earnings of $1.34 per share outpaced the Zacks Consensus Estimate and increased 19.6% year over year.
Total revenues came in at $2.56 billion, which exceeded the consensus estimate and grew 8.6 % on a reported basis and 5.2% on a constant-currency basis.
Q2 Expectations
The Zacks Consensus Estimate for second-quarter revenues is pegged at $2.50 billion. The top line is expected to be driven by operational upside, phasing of pass-through in the company’s R&D Solutions segment and FX data win.
IQVIA Holdings Inc. Revenue (TTM)
IQVIA Holdings Inc. Revenue (TTM) | IQVIA Holdings Inc. Quote
The Zacks Consensus Estimate for second-quarter earnings stands at $1.24. Strong operational performance in the quarter is expected to positively impact the company’s bottom-line performance.
Other Stocks to Consider
Here are a few stocks from the broader Business Services sector that investors may consider as our model shows that these also have the right combination of elements to beat on earnings in second-quarter 2018.
Avis Budget Group (CAR - Free Report) has an Earnings ESP of +5.17% and a Zacks Rank #1. The company is scheduled to report quarterly numbers on Aug 7. You can see the complete list of today’s Zacks #1 Rank stocks here.
TransUnion (TRU - Free Report) has an Earnings ESP of +1.47% and a Zacks Rank #3. The company is slated to report quarterly results on Jul 24.
Aptiv (APTV - Free Report) has an Earnings ESP of +0.08% and a Zacks Rank #3. The company is slated to report quarterly numbers on Jul 31.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>