Equinix closed slightly higher than previous day, outperforming Finance sector and S&P 500

From NASDAQ.: 2024-07-26 18:15:20

Equinix (EQIX) closed the market at $771.90, up 0.34% from the previous day, as the S&P 500 and Nasdaq made gains of 1.11% and 1.03%, respectively. Over the last month, EQIX saw a 2.31% increase, outperforming the Finance sector and S&P 500.

Equinix’s upcoming earnings report on August 7, 2024, is anticipated to show an EPS of $8.82, up 9.7% from the prior year. Revenue is estimated at $2.16 billion, a 6.86% increase. Analysts’ consensus for the full year includes earnings of $34.98 per share and revenue of $8.76 billion.

Investors should take note of recent changes in analyst estimates for Equinix, as they indicate business trends. The Zacks Rank system, with a ranking of #2 (Buy) for EQIX, historically correlates with future stock performance. The stock has a Forward P/E ratio of 21.99, above the industry average of 13.53.

Equinix has a PEG ratio of 2.37, reflecting expected earnings growth. The industry, REIT and Equity Trust – Retail, has a Zacks Industry Rank of 36, in the top 15%. Use Zacks.com for timely stock metrics during trading. Analysts believe 5 “Whisper” Stocks could surprise the market with earnings jumps of +10-20%. Access the report for insights.



Read more at NASDAQ.: Here’s Why Equinix (EQIX) Gained But Lagged the Market Today