We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Here's What Key Metrics Tell Us About Equinix (EQIX) Q4 Earnings
Read MoreHide Full Article
For the quarter ended December 2024, Equinix (EQIX - Free Report) reported revenue of $2.26 billion, up 7.1% over the same period last year. EPS came in at $7.92, compared to $2.40 in the year-ago quarter.
The reported revenue represents a surprise of -0.79% over the Zacks Consensus Estimate of $2.28 billion. With the consensus EPS estimate being $8.09, the EPS surprise was -2.10%.
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 Equinix performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
EMEA - Cabinet Equivalent Capacity: 138,200 versus the three-analyst average estimate of 137,950.
Asia-Pacific - Cabinet Equivalent Capacity: 89,100 versus 89,667 estimated by three analysts on average.
Cabinet Equivalent Capacity - Worldwide: 371,400 compared to the 372,450 average estimate based on three analysts.
Americas - Utilization rate: 81% versus 79.9% estimated by three analysts on average.
Geographic Revenues- EMEA: $776 million versus the five-analyst average estimate of $781.54 million. The reported number represents a year-over-year change of +3.3%.
Geographic Revenues- Americas: $999 million versus $1 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +7.2% change.
Geographic Revenues- Asia-Pacific: $486 million versus $497.64 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +13.7% change.
Geographic Revenues- Americas- Non-recurring: $76 million versus $49.78 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +95% change.
Revenue- Non-recurring revenues: $170 million compared to the $154.68 million average estimate based on six analysts. The reported number represents a change of +26.4% year over year.
Revenue- Recurring revenues: $2.09 billion versus $2.12 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +5.8% change.
Revenue- Recurring revenues- Managed infrastructure: $115 million versus $122.16 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -0.2% change.
Revenue- Recurring revenues- Colocation: $1.55 billion versus $1.56 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +5.4% change.
Shares of Equinix have returned +5.1% over the past month versus the Zacks S&P 500 composite's +4.3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Here's What Key Metrics Tell Us About Equinix (EQIX) Q4 Earnings
For the quarter ended December 2024, Equinix (EQIX - Free Report) reported revenue of $2.26 billion, up 7.1% over the same period last year. EPS came in at $7.92, compared to $2.40 in the year-ago quarter.
The reported revenue represents a surprise of -0.79% over the Zacks Consensus Estimate of $2.28 billion. With the consensus EPS estimate being $8.09, the EPS surprise was -2.10%.
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 Equinix performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- EMEA - Cabinet Equivalent Capacity: 138,200 versus the three-analyst average estimate of 137,950.
- Asia-Pacific - Cabinet Equivalent Capacity: 89,100 versus 89,667 estimated by three analysts on average.
- Cabinet Equivalent Capacity - Worldwide: 371,400 compared to the 372,450 average estimate based on three analysts.
- Americas - Utilization rate: 81% versus 79.9% estimated by three analysts on average.
- Geographic Revenues- EMEA: $776 million versus the five-analyst average estimate of $781.54 million. The reported number represents a year-over-year change of +3.3%.
- Geographic Revenues- Americas: $999 million versus $1 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +7.2% change.
- Geographic Revenues- Asia-Pacific: $486 million versus $497.64 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +13.7% change.
- Geographic Revenues- Americas- Non-recurring: $76 million versus $49.78 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +95% change.
- Revenue- Non-recurring revenues: $170 million compared to the $154.68 million average estimate based on six analysts. The reported number represents a change of +26.4% year over year.
- Revenue- Recurring revenues: $2.09 billion versus $2.12 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +5.8% change.
- Revenue- Recurring revenues- Managed infrastructure: $115 million versus $122.16 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -0.2% change.
- Revenue- Recurring revenues- Colocation: $1.55 billion versus $1.56 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +5.4% change.
View all Key Company Metrics for Equinix here>>>Shares of Equinix have returned +5.1% over the past month versus the Zacks S&P 500 composite's +4.3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.