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.
Equinix (EQIX) Ascends While Market Falls: Some Facts to Note
Read MoreHide Full Article
Equinix (EQIX - Free Report) closed at $973.43 in the latest trading session, marking a +1.82% move from the prior day. This move outpaced the S&P 500's daily loss of 0.08%. Elsewhere, the Dow lost 0.61%, while the tech-heavy Nasdaq added 0.08%.
The stock of data center operator has risen by 11.59% in the past month, leading the Finance sector's loss of 5.6% and the S&P 500's loss of 2.16%.
The investment community will be closely monitoring the performance of Equinix in its forthcoming earnings report. It is anticipated that the company will report an EPS of $10.72, marking a 10.86% rise compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.51 billion, up 12.76% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $41.93 per share and a revenue of $10.18 billion, demonstrating changes of +9.39% and +10.49%, respectively, from the preceding year.
It is also important to note the recent changes to analyst estimates for Equinix. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 3.05% upward. Equinix presently features a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that Equinix has a Forward P/E ratio of 22.8 right now. For comparison, its industry has an average Forward P/E of 14.34, which means Equinix is trading at a premium to the group.
We can also see that EQIX currently has a PEG ratio of 2.19. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The REIT and Equity Trust - Retail industry currently had an average PEG ratio of 2.69 as of yesterday's close.
The REIT and Equity Trust - Retail industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 49, positioning it in the top 20% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
View the Zacks #1 Rank List
Image: Bigstock
Equinix (EQIX) Ascends While Market Falls: Some Facts to Note
Equinix (EQIX - Free Report) closed at $973.43 in the latest trading session, marking a +1.82% move from the prior day. This move outpaced the S&P 500's daily loss of 0.08%. Elsewhere, the Dow lost 0.61%, while the tech-heavy Nasdaq added 0.08%.
The stock of data center operator has risen by 11.59% in the past month, leading the Finance sector's loss of 5.6% and the S&P 500's loss of 2.16%.
The investment community will be closely monitoring the performance of Equinix in its forthcoming earnings report. It is anticipated that the company will report an EPS of $10.72, marking a 10.86% rise compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.51 billion, up 12.76% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $41.93 per share and a revenue of $10.18 billion, demonstrating changes of +9.39% and +10.49%, respectively, from the preceding year.
It is also important to note the recent changes to analyst estimates for Equinix. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 3.05% upward. Equinix presently features a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that Equinix has a Forward P/E ratio of 22.8 right now. For comparison, its industry has an average Forward P/E of 14.34, which means Equinix is trading at a premium to the group.
We can also see that EQIX currently has a PEG ratio of 2.19. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The REIT and Equity Trust - Retail industry currently had an average PEG ratio of 2.69 as of yesterday's close.
The REIT and Equity Trust - Retail industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 49, positioning it in the top 20% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.