Equinix, Inc. (NASDAQ:EQIX) is reporting third quarter financial results on Wednesday 28th October 2020, after market close.
According to analysts surveyed by Thomson Reuters, EQIX is expected to report 3Q20 income of $ 1.66 per share from revenue of $ 1503.26 million.
For the full year, analysts anticipate top line of $ 5973.64 million, while looking forward to income of $ 6.32 per share bottom line.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 1,493.00 million ~ $ 1,513.00 million
Full Year 2020 topline are forecasted in a range of$ 5,919.00 million ~ $ 5,989.00 million, where as bottomline are predicted in a range of $ 23.87 ~ $ 24.67 per share
Click Here For More Historical Outlooks Of Equinix, Inc.
Previous Quarter Performance
Equinix, Inc. disclosed income for the second quarter of $ 6.35 per share, from the revenue of $ 1,470.00 million. The quarterly earnings improved 275.74 percent while revenues extended 6.14 percent compared with the same quarter last year.
Wall street analysts are predicting, EQIX to report 2Q20 income of $ 1.64 per share from revenue of $ 1462.49 million. The bottom line results beat street analysts by $ 4.71 or 287.20 percent, at the same time, top line results outshined analysts by $ 7.51 million or 0.51 percent.
Stock Performance
Shares of Equinix, Inc. traded up $ 2.83 or 0.37 percent on Tuesday, reaching $ 773.31 with volume of 308.60 thousand shares. Equinix, Inc. has traded high as $ 778.80 and has cracked $ 767.11 on the downward trend
According to the previous trading day, closing price of $ 773.31, representing a 61.23 % increase from the 52 week low of $ 477.87 and a 8.25 % decrease over the 52 week high of $ 839.77.
The company has a market capital of $ 68.48 billion and is part of the Real Estate sector and REIT – Diversified industry.
Recent Analyst recommendations
- On 29th September 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 712.00 target price.
Recent Stock Dividend Announcement
On July 29, 2020, the board of directors authorized quarterly dividend of $ 2.66 per share to holders of record as of the close of business on August 19, 2020, with payment date of September 23, 2020 and ex-dividend date on August 18, 2020.
Conference Call
Equinix, Inc. will be hosting a conference call at 5:30 PM eastern time on 28th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.equinix.com
Equinix, Inc. (Nasdaq: EQIX) connects the worlds leading businesses to their customers, employees and partners inside the most-interconnected data centers. On this global platform for digital business, companies come together across more than 50 markets on five continents to reach everywhere, interconnect everyone and integrate everything they need to create their digital futures.
