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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.

IQVIA Holdings Inc. Revenue (TTM)

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.

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Avis Budget Group, Inc. (CAR) - free report >>

TransUnion (TRU) - free report >>

Aptiv PLC (APTV) - free report >>

IQVIA Holdings Inc. (IQV) - free report >>

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