Equinix (EQIX) Up 7.8% Since Last Earnings Report: Can It Continue?

Zacks11-30

A month has gone by since the last earnings report for Equinix (EQIX). Shares have added about 7.8% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to...

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Shares have added about 7.8% in that time frame, outperforming the S&P 500.\nWill the recent positive trend continue leading up to...</p>\n\n<a href=\"https://finance.yahoo.com/news/equinix-eqix-7-8-since-163149174.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Equinix (EQIX) Up 7.8% Since Last Earnings Report: Can It Continue?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEquinix (EQIX) Up 7.8% Since Last Earnings Report: Can It Continue?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-30 00:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/equinix-eqix-7-8-since-163149174.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A month has gone by since the last earnings report for Equinix (EQIX). Shares have added about 7.8% in that time frame, outperforming the S&P 500.\nWill the recent positive trend continue leading up to...</p>\n\n<a href=\"https://finance.yahoo.com/news/equinix-eqix-7-8-since-163149174.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"EQIX","symbol_name":"易昆尼克斯","start_time":0,"source_url":"https://finance.yahoo.com/news/equinix-eqix-7-8-since-163149174.html","article_id":"2487593667","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/5w_iAw5naBqMPrzpIECi9Q--~B/aD02NzU7dz05MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/670d1917693293f70179651625deb88f"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2487593667","pubTimestamp":1732897909,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"A month has gone by since the last earnings report for Equinix . Shares have added about 7.8% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Equinix due for a pullback?Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.Equinix's Q3 AFFO Beat on Solid Demand, Revenues Rise Y/Y. Equinix’s third-quarter 2024 adjusted funds from operations  per share of $9.05 surpassed the Zacks Consensus Estimate of $8.70. The figure improved 10.5% from the prior-year quarter.Results displayed steady growth in colocation and inter-connection revenues, driven by strong demand for digital infrastructure. During the quarter, Equinix’s total interconnections reached 478,000, rising 4% year over year. The company also revised its outlook for 2024.Total quarterly revenues were $2.2 billion,","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"EQIX":"易昆尼克斯"},"translate_title":"Equinix(EQIX)自上次收益报告以来上涨7.8%：还能继续吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EQIX":1},"content_text":"A month has gone by since the last earnings report for Equinix (EQIX). Shares have added about 7.8% in that time frame, outperforming the S&P 500.\nWill the recent positive trend continue leading up to its next earnings release, or is Equinix due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. \nEquinix's Q3 AFFO Beat on Solid Demand, Revenues Rise Y/Y\nEquinix’s third-quarter 2024 adjusted funds from operations (AFFO) per share of $9.05 surpassed the Zacks Consensus Estimate of $8.70. The figure improved 10.5% from the prior-year quarter.\nResults displayed steady growth in colocation and inter-connection revenues, driven by strong demand for digital infrastructure. During the quarter, Equinix’s total interconnections reached 478,000, rising 4% year over year. The company also revised its outlook for 2024.\nTotal quarterly revenues were $2.2 billion, in line with the Zacks Consensus Estimate. The top line increased 6.8% year over year.\nQuarter in Detail\nRecurring revenues were $2.06 billion, up 5% from the year-ago quarter. Our projection for the metric was $2.08 billion. Non-recurring revenues rose 42% to $142 million. We estimated the metric to be $124 million.\nRevenues from the Americas, EMEA and the Asia Pacific rose 4.9%, 4.8% and 13.9% to $958 million, $743 million and $500 million, year over year, respectively.\nThe adjusted EBITDA came in at $1.05 billion, up 12% year over year. We projected the metric at $1.04 billion. Adjusted EBITDA margin was reported at 48%.\nAFFO rose 12.2% to $866 million from the year-ago period.\nEquinix spent $69 million on recurring capital expenditure in the third quarter, up 35.3% on a year-over-year basis. Recurring capital expenditure was 3.1% of revenues in the reported quarter. Non-recurring capital expenditure was $655 million, up 15.7% year over year.\nBalance Sheet\nEquinix had $7.2 billion of available liquidity as of Sept. 30, 2024. This comprised cash, cash equivalents, short-term investments and its undrawn revolver. It excludes restricted cash.\nIts net leverage ratio was 3.5, and the weighted average maturity was seven years as of Sept. 30, 2024.\n2024 Raised Guidance\nFor the fourth quarter of 2024, Equinix projects revenues between $2.262 billion and $2.302 billion, implying a 3.5% increase over the prior quarter. The adjusted EBITDA is expected to be in the range of $1.010-$1.050 billion.\nFor the current year, AFFO per share is estimated between $34.81 and $35.22, revised upward from the prior-guided range of $34.67-$35.30. This suggests an 8-10% increase from the previous year.\nFor 2024, Equinix now estimates generating total revenues of $8.748-$8.788 billion, indicating year-over-year growth of 7%. Earlier, the company had guided total revenues of $8.692-$8.772 billion.\nManagement predicts an adjusted EBITDA of $4.086-$4.126 billion, revised from $4.066-$4.126 billion projected earlier. Expectations for adjusted EBITDA margin were maintained at 47%.\nHow Have Estimates Been Moving Since Then?\nIn the past month, investors have witnessed a downward trend in estimates revision.\nVGM Scores\nAt this time, Equinix has a subpar Growth Score of D, a grade with the same score on the momentum front. Charting a somewhat similar path, the stock was allocated a grade of F on the value side, putting it in the lowest quintile for this investment strategy.\nOverall, the stock has an aggregate VGM Score of F. If you aren't focused on one strategy, this score is the one you should be interested in.\nOutlook\nEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, Equinix has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nEquinix, Inc. (EQIX) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2487593667"}