IQVIA Holdings Inc. (IQV - Free Report) is scheduled to report second-quarter 2019 results on Jul 24, before the opening bell. Shares of the company have gained 42.3% year to date against 11.4% decline of the industry it belongs to.
How Things Are Shaping Up?
The Zacks Consensus Estimate for revenues in the to-reported quarter is pegged at $2.70 billion, indicating growth of 5% from the year-ago reported figure. The expected growth is likely to be driven by strength across the company’s Research & Development Solutions (R&DS) and Technology & Analytics Solutions (TAS) segments. Continued market penetration of analytics and technology-enabled offerings across TAS and R&DS businesses has been benefitting the company.
Notably, the consensus estimate falls within the company’s guided range $2.66-$2.71 billion. In the first-quarter 2019, total revenues of $2.68 billion increased 4.7% year over year.
IQVIA Holdings Inc. Revenue (TTM)
The Zacks Consensus Estimate for earnings in the to-be-reported quarter is pegged at $1.50, indicating growth of 16.3% from the year-ago period reported figure. Operational performance is likely to be the key catalyst for the bottom line.
The consensus estimate lies within the company’s guided range of $1.46-$1.51. In first-quarter 2019, adjusted earnings per share of $1.53 increased 14.2% year over year.
What Does Our Model Indicate?
According to the Zacks model, a company with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) has a good chance of beating estimates if it also has a positive Earnings ESP. Zacks Rank #4 (Sell) or 5 (Strong Sell) stocks are best avoided, especially if they have a negative Earnings ESP. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
IQVIA has a Zacks Rank #3 and an Earnings ESP of +0.88%.
Stocks That Warrant a Look
Here are some stocks that you may want to consider, as our model shows that these have the right combination of elements to deliver a positive earnings surprise:
Avis Budget Group (CAR - Free Report) , with an Earnings ESP of +15.07% and a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Cardlytics, Inc. (CDLX - Free Report) , with an Earnings ESP of +28.89% and a Zacks Rank #2.
S&P Global (SPGI - Free Report) , with an Earnings ESP of +0.94% and a Zacks Rank #2.
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IQVIA Holdings Inc. (IQV - Free Report) is scheduled to report second-quarter 2019 results on Jul 24, before the opening bell. Shares of the company have gained 42.3% year to date against 11.4% decline of the industry it belongs to.
How Things Are Shaping Up?
The Zacks Consensus Estimate for revenues in the to-reported quarter is pegged at $2.70 billion, indicating growth of 5% from the year-ago reported figure. The expected growth is likely to be driven by strength across the company’s Research & Development Solutions (R&DS) and Technology & Analytics Solutions (TAS) segments. Continued market penetration of analytics and technology-enabled offerings across TAS and R&DS businesses has been benefitting the company.
Notably, the consensus estimate falls within the company’s guided range $2.66-$2.71 billion. In the first-quarter 2019, total revenues of $2.68 billion increased 4.7% year over year.
IQVIA Holdings Inc. Revenue (TTM)
The Zacks Consensus Estimate for earnings in the to-be-reported quarter is pegged at $1.50, indicating growth of 16.3% from the year-ago period reported figure. Operational performance is likely to be the key catalyst for the bottom line.
The consensus estimate lies within the company’s guided range of $1.46-$1.51. In first-quarter 2019, adjusted earnings per share of $1.53 increased 14.2% year over year.
What Does Our Model Indicate?
According to the Zacks model, a company with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) has a good chance of beating estimates if it also has a positive Earnings ESP. Zacks Rank #4 (Sell) or 5 (Strong Sell) stocks are best avoided, especially if they have a negative Earnings ESP. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
IQVIA has a Zacks Rank #3 and an Earnings ESP of +0.88%.
Stocks That Warrant a Look
Here are some stocks that you may want to consider, as our model shows that these have the right combination of elements to deliver a positive earnings surprise:
Avis Budget Group (CAR - Free Report) , with an Earnings ESP of +15.07% and a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Cardlytics, Inc. (CDLX - Free Report) , with an Earnings ESP of +28.89% and a Zacks Rank #2.
S&P Global (SPGI - Free Report) , with an Earnings ESP of +0.94% and a Zacks Rank #2.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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