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IQVIA Holdings (IQV) Tops Q2 Earnings and Revenues Estimates
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IQVIA Holdings Inc. (IQV - Free Report) reported second-quarter 2018 results (ended Jun 30, 2018) earnings per share of $1.29 (on an adjusted basis), beating the Zacks Consensus Estimate of $1.24. Earnings also increased 25.2% on a year-over-year basis.
How Was the Estimate Revision Trend?
Investors should note that the Zacks Consensus Estimate for second-quarter 2018 earnings remained unchanged over the last 30 days. The company also has an impressive earnings history having outperformed the Zacks Consensus Estimate in all of the last four quarters with an average beat of 4.3%.
Revenues Higher Than Expected
IQVIA recorded revenues of $2.57 billion which outperformed the Zacks Consensus Estimate of $2.50 billion. Moreover, revenues compared favorably with the year-ago figure of $2.36 billion.
Key Stats to Note: IQVIA raised its full-year guidance raised for revenue, adjusted EBITDA and adjusted EPS.Revenues are expected in the range of $10.25 billion to $10.40 billion, compared with the previous expectation of $10.05 billion to $10.25 billion. Adjusted EBITDA is anticipated in the range of $2.17 billion to $ $2.23 billion, compared with the previous expectation of $2.15 billion to $ $2.22 billion. Adjusted EPS is expected in the range of $5.35 billion to $5.55 billion, compared with the previous expectation of $5.20 billion to $5.45 billion.
Check back later for our full write up on this IQVIA earnings report later!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
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IQVIA Holdings (IQV) Tops Q2 Earnings and Revenues Estimates
IQVIA Holdings Inc. (IQV - Free Report) reported second-quarter 2018 results (ended Jun 30, 2018) earnings per share of $1.29 (on an adjusted basis), beating the Zacks Consensus Estimate of $1.24. Earnings also increased 25.2% on a year-over-year basis.
How Was the Estimate Revision Trend?
Investors should note that the Zacks Consensus Estimate for second-quarter 2018 earnings remained unchanged over the last 30 days. The company also has an impressive earnings history having outperformed the Zacks Consensus Estimate in all of the last four quarters with an average beat of 4.3%.
Revenues Higher Than Expected
IQVIA recorded revenues of $2.57 billion which outperformed the Zacks Consensus Estimate of $2.50 billion. Moreover, revenues compared favorably with the year-ago figure of $2.36 billion.
IQVIA Holdings Inc. Price
IQVIA Holdings Inc. Price | IQVIA Holdings Inc. Quote
Key Stats to Note: IQVIA raised its full-year guidance raised for revenue, adjusted EBITDA and adjusted EPS.Revenues are expected in the range of $10.25 billion to $10.40 billion, compared with the previous expectation of $10.05 billion to $10.25 billion. Adjusted EBITDA is anticipated in the range of $2.17 billion to $ $2.23 billion, compared with the previous expectation of $2.15 billion to $ $2.22 billion. Adjusted EPS is expected in the range of $5.35 billion to $5.55 billion, compared with the previous expectation of $5.20 billion to $5.45 billion.
Zacks Rank: Currently, IQVIA has a Zacks Rank #3 (Hold) but that could change following the company’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Check back later for our full write up on this IQVIA earnings report later!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>