IQVIA Holdings (IQV - Free Report) reported $3.87 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 3.5%. EPS of $2.84 for the same period compares to $2.78 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $3.79 billion, representing a surprise of +2.17%. The company delivered an EPS surprise of +0.71%, with the consensus EPS estimate being $2.82.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how IQVIA performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenues- Technology & Analytics Solutions: $1.53 billion compared to the $1.49 billion average estimate based on five analysts. The reported number represents a change of +2.1% year over year.
- Revenues- Research & Development Solution: $2.15 billion versus $2.13 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +4.5% change.
- Revenues- Contract Sales & Medical Solutions: $186 million versus $172.34 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +2.2% change.
View all Key Company Metrics for IQVIA here>>>Shares of IQVIA have returned +1.2% over the past month versus the Zacks S&P 500 composite's +3.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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IQVIA Holdings (IQV - Free Report) reported $3.87 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 3.5%. EPS of $2.84 for the same period compares to $2.78 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $3.79 billion, representing a surprise of +2.17%. The company delivered an EPS surprise of +0.71%, with the consensus EPS estimate being $2.82.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how IQVIA performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenues- Technology & Analytics Solutions: $1.53 billion compared to the $1.49 billion average estimate based on five analysts. The reported number represents a change of +2.1% year over year.
- Revenues- Research & Development Solution: $2.15 billion versus $2.13 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +4.5% change.
- Revenues- Contract Sales & Medical Solutions: $186 million versus $172.34 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +2.2% change.
View all Key Company Metrics for IQVIA here>>>Shares of IQVIA have returned +1.2% over the past month versus the Zacks S&P 500 composite's +3.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right Now >>
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