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IQVIA (IQV) to Report Q3 Earnings: What's in the Offing?
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IQVIA Holdings Inc. (IQV - Free Report) is set to report third-quarter 2019 results on Oct 30, before the bell.
The company’s shares have gained 27% year to date, significantly outperforming the 9.2% rally of the industry it belongs to.
Q3 Expectations
The Zacks Consensus Estimate for revenues in the to-be-reported quarter is pegged at $2.76 billion, indicating growth of 6.6% from the year-ago quarter’s reported figure. The top line is likely to have been driven by strength across the company’s Research & Development Solutions (R&DS) and Technology & Analytics Solutions (TAS) segments. Real world and technology businesses, and acquisitions are likely to have contributed significantly to revenue growth.
Notably, the consensus estimate falls within the company’s guided range of $2.73-$2.78 billion. In the second quarter of 2019, total revenues of $2.74 billion increased 6.7% year over year.
The Zacks Consensus Estimate for earnings in the to-be-reported quarter is pegged at $1.57, indicating growth of 10.6% from the year-ago period reported figure. Operational performance is likely to have aided the bottom line.
The consensus estimate lies within the company’s guided range of $1.53-$1.59. In second-quarter 2019, adjusted earnings per share of $1.53 increased 18.6% year over year.
What Our Model Says
Our proven Zacks model does not conclusively predict an earnings beat for IQVIA this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
IQVIA has an Earnings ESP of 0.00% and a Zacks Rank #2.
Stocks to Consider
Here are a few stocks from the broader Zacks Business Services sector that investors may consider as our model shows that these have the right combination of elements to beat on third-quarter 2019 earnings:
WEX Inc. (WEX - Free Report) has an Earnings ESP of +1.24% and a Zacks Rank #3. The company is slated to report results on Oct 31.
Fidelity National Information Services, Inc. (FIS - Free Report) has an Earnings ESP of +0.13% and a Zacks Rank #3. The company is slated to release results on Nov 5.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
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IQVIA (IQV) to Report Q3 Earnings: What's in the Offing?
IQVIA Holdings Inc. (IQV - Free Report) is set to report third-quarter 2019 results on Oct 30, before the bell.
The company’s shares have gained 27% year to date, significantly outperforming the 9.2% rally of the industry it belongs to.
Q3 Expectations
The Zacks Consensus Estimate for revenues in the to-be-reported quarter is pegged at $2.76 billion, indicating growth of 6.6% from the year-ago quarter’s reported figure. The top line is likely to have been driven by strength across the company’s Research & Development Solutions (R&DS) and Technology & Analytics Solutions (TAS) segments. Real world and technology businesses, and acquisitions are likely to have contributed significantly to revenue growth.
IQVIA Holdings Inc. Revenue (TTM)
IQVIA Holdings Inc. revenue-ttm | IQVIA Holdings Inc. Quote
Notably, the consensus estimate falls within the company’s guided range of $2.73-$2.78 billion. In the second quarter of 2019, total revenues of $2.74 billion increased 6.7% year over year.
The Zacks Consensus Estimate for earnings in the to-be-reported quarter is pegged at $1.57, indicating growth of 10.6% from the year-ago period reported figure. Operational performance is likely to have aided the bottom line.
The consensus estimate lies within the company’s guided range of $1.53-$1.59. In second-quarter 2019, adjusted earnings per share of $1.53 increased 18.6% year over year.
What Our Model Says
Our proven Zacks model does not conclusively predict an earnings beat for IQVIA this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
IQVIA has an Earnings ESP of 0.00% and a Zacks Rank #2.
Stocks to Consider
Here are a few stocks from the broader Zacks Business Services sector that investors may consider as our model shows that these have the right combination of elements to beat on third-quarter 2019 earnings:
S&P Global (SPGI - Free Report) has an Earnings ESP of +1.72% and a Zacks Rank #2. The company is slated to report results on Oct 29. You can see the complete list of today’s Zacks #1 Rank stocks here.
WEX Inc. (WEX - Free Report) has an Earnings ESP of +1.24% and a Zacks Rank #3. The company is slated to report results on Oct 31.
Fidelity National Information Services, Inc. (FIS - Free Report) has an Earnings ESP of +0.13% and a Zacks Rank #3. The company is slated to release results on Nov 5.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>