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Equinix (EQIX) Stock Dips While Market Gains: Key Facts
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Equinix (EQIX - Free Report) closed the most recent trading day at $1,008.08, moving -2.58% from the previous trading session. The stock fell short of the S&P 500, which registered a gain of 0.51% for the day. Meanwhile, the Dow gained 0.93%, and the Nasdaq, a tech-heavy index, added 0.48%.
The data center operator's stock has dropped by 3.87% in the past month, falling short of the Finance sector's loss of 3.64% and the S&P 500's gain of 0.74%.
The upcoming earnings release of Equinix will be of great interest to investors. The company's upcoming EPS is projected at $10.51, signifying a 6.92% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $2.57 billion, up 10.95% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $43.45 per share and a revenue of $10.27 billion, signifying shifts of +13.36% and +11.46%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Equinix. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. As of now, Equinix holds a Zacks Rank of #3 (Hold).
Looking at its valuation, Equinix is holding a Forward P/E ratio of 23.81. This indicates a premium in contrast to its industry's Forward P/E of 13.4.
Meanwhile, EQIX's PEG ratio is currently 1.3. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. REIT and Equity Trust - Retail stocks are, on average, holding a PEG ratio of 2.11 based on yesterday's closing prices.
The REIT and Equity Trust - Retail industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 183, positioning it in the bottom 26% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
View the Zacks #1 Rank List
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Equinix (EQIX) Stock Dips While Market Gains: Key Facts
Equinix (EQIX - Free Report) closed the most recent trading day at $1,008.08, moving -2.58% from the previous trading session. The stock fell short of the S&P 500, which registered a gain of 0.51% for the day. Meanwhile, the Dow gained 0.93%, and the Nasdaq, a tech-heavy index, added 0.48%.
The data center operator's stock has dropped by 3.87% in the past month, falling short of the Finance sector's loss of 3.64% and the S&P 500's gain of 0.74%.
The upcoming earnings release of Equinix will be of great interest to investors. The company's upcoming EPS is projected at $10.51, signifying a 6.92% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $2.57 billion, up 10.95% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $43.45 per share and a revenue of $10.27 billion, signifying shifts of +13.36% and +11.46%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Equinix. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. As of now, Equinix holds a Zacks Rank of #3 (Hold).
Looking at its valuation, Equinix is holding a Forward P/E ratio of 23.81. This indicates a premium in contrast to its industry's Forward P/E of 13.4.
Meanwhile, EQIX's PEG ratio is currently 1.3. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. REIT and Equity Trust - Retail stocks are, on average, holding a PEG ratio of 2.11 based on yesterday's closing prices.
The REIT and Equity Trust - Retail industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 183, positioning it in the bottom 26% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.