EQIX Earnings Prediction
The chart below shows how EQIX performed 10 days before and after its earnings report, based on data from the past quarters. Typically, EQIX sees a +1.33% change in stock price 10 days leading up to the earnings, and a +5.63% change 10 days following the report. On the earnings day itself, the stock moves by -0.60%. This data can give you a slight idea of what to expect for the next quarter's release.
EQIX Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
2.20B
6.79%
1.95%
Gross Margin
50.11%
4.11%
0.46%
Operating Margin
19.63%
7.27%
0.67%
Net Margin
13.45%
0.52%
-3.52%
EPS
3.10
5.80%
-1.90%
No Data Available
EQIX Earnings Analysis
Equinix, Inc. Common Stock REIT Corporation (EQIX.O) Earnings Conference Call
Positive
Bookings and Revenue Surge: Record growth in bookings with strong performance across all three regions, contributing to a 7% year-over-year increase in revenue to $2.201 billion.
EBITDA Growth and Profitability: Adjusted EBITDA increased by 12% year-over-year, reflecting solid AFFO per share profitability.
Interconnection Revenue Growth: Interconnection revenues grew by 10% year-over-year, driven by continued strength from Equinix Fabric.
Interconnection Additions Growth: Net interconnection additions improved to 5,700 due to strong increases in hyperscale across connects and continued diversification of ecosystems.
AFFO Growth Expectations: Global Q3 AFFO was expected to grow between 9% and 10% at the top end of guidance, indicating strong operational performance.
Negative
Q3 Revenue Increase: Q3 revenues were $2.201 billion, up 7% over the same quarter last year at the midpoint of our guidance range due to the deferral of planned xScale fees into 2025.
Revenue and EBITDA Guidance Increase: We are raising our revenue guidance by $36 million and our adjusted EBITDA guidance by $10 million due to strong bookings, performance and favorable FX rates.
Q3 Adjusted EBITDA Growth: Our Q3 adjusted EBITDA was $1.048 billion or approximately 48% of revenues, up 12% over the same quarter last year at the top end of our guidance range due to strong operating performance, favorable net interest expense and the timing of our Singapore 6 land lease payment.
Churn Rate Improvement: Global Q3 MRR churn was lower than planned due to the deferral of forecasted MRR churn from late September into early October.
Market Demand Exceeds Supply: We are currently in a position that market-wise demand outstrips supply at the moment.
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EQIX Earning Call Sentiment
Equinix, Inc. (EQIX) Q3 2024 Earnings Call Transcript
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EQIX.O
-4.33%Positive
The earnings call presents a generally positive outlook with strong financial performance and optimistic future guidance. The xScale joint venture and increased AFFO guidance are positive catalysts. Despite some vague management responses in the Q&A, the strategic focus on large campuses and robust demand suggests solid growth potential. The raised guidance and strong financial metrics, including revenue and EBITDA growth, indicate a positive sentiment. However, the lack of specific guidance on new capacity timelines slightly tempers the outlook.