* Equinix Inc is expected to show a rise in quarterly revenue when it reports results on May 1 (estimated) for the period ending March 31 2024
* The Redwood City California-based company is expected to report a 7.1% increase in revenue to $2.139 billion from $2 billion a year ago, according to the mean estimate from 18 analysts, based on LSEG data.The company's guidance on February 14 2024, for the period ended March 31, was for revenue between $2.13 billion and $2.15 billion.
* LSEG's mean analyst estimate for Equinix Inc is for earnings of $2.64 per share.
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy," 6 "hold" and no "sell" or "strong sell."
* The mean earnings estimate of analysts had risen by about 0.3% in the last three months.
* Wall Street's median 12-month price target for Equinix Inc is $947.50, above its last closing price of $731.61.
The company's guidance on February 14 2024 for the period ended March 31 was for Earnings before Interest, Taxes, Depreciation and Amortization of between USD2.127 billion and USD980 million. Previous quarterly performance (using preferred earnings measure in US dollars).
QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT ESTIMATE MET, SE %
E® MISSED
Jan. 1 0001 2.23 2.17 2.40 Beat 10.6
Sep. 30 0001 2.18 2.15 2.93 Beat 36.1
Jun. 30 2023 2.11 2.06 2.21 Beat 7.4
Mar. 31 2023 2.22 2.19 2.77 Beat 26.5
Jan. 1.82 1.74 1.39 Missed -20.2
1 0001
Jan. 1 0001 1.71 1.78 2.30 Beat 29
Jan. 1 0001 1.76 1.80 2.37 Beat 31.4
Mar. 31 2022 1.61 1.65 1.62 Missed -1.9
This summary was machine generated April 29 at 11:01 GMT. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
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