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IQVIA Holdings (IQV) to Report Q3 Earnings: What's in Store?
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IQVIA Holdings Inc. (IQV - Free Report) is scheduled to report third-quarter 2018 results on Oct 22, before the opening bell.
So far this year, shares of IQVIA Holdings have gained 32.2%, significantly outperforming the 5.6% rise of the industry it belongs to and 5.2% gain of the Zacks S&P 500 Composite Index.
Let’s see how things are shaping up for the announcement.
Top Line to Improve Year Over Year
The Zacks Consensus Estimate for third-quarter revenues is pegged at $2.58 billion, indicating year-over-year growth of 27.8%. Notably, the consensus mark is almost in line with the midpoint of the company’s guided range of $2.55-$2.60 billion.
The top line is expected to benefit from organic operational growth in the company’s Research & Development (R&D) Solutions and Technology & Analytics Solutions businesses, higher pass-through associated with the R&D Solutions revenues and contribution from tuck-in acquisitions.
In second-quarter 2018, revenues increased 9% year over year on a reported basis and 7.7% on a constant currency basis to $2.57 billion.
Bottom-Line Expectations
The Zacks Consensus Estimate for earnings per share (EPS) in the to-be-reported quarter is pegged at $1.39, indicating year-over-year growth of 16.8%. Notably, the consensus estimate is almost in line with the midpoint of the company guided EPS range of $1.35-$1.42. The bottom line is expected to benefit from lower tax rates and operating efficiency.
In second-quarter 2018, adjusted earnings increased 25.2% to $1.29 per share.
What Does Our Model Indicate?
According to the Zacks model, a company with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) has a good chance of beating estimates if it also has a positive Earnings ESP. Zacks Rank #4 (Sell) or 5 (Strong Sell) stocks are best avoided, especially if they have a negative Earnings ESP. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
IQVIA Holdings has a Zacks Rank #3 and an Earnings ESP of 0.00%, a combination that makes surprise prediction difficult.
Here are a few stocks from the broader Business Services sector that investors may consider as our model shows that these have the right combination of elements to beat on earnings in third-quarter 2018:
TransUnion (TRU - Free Report) has an Earnings ESP of +3.54% and a Zacks Rank #3. The company is slated to release results on Oct 23.
Republic Services (RSG - Free Report) has an Earnings ESP of +0.31% and a Zacks Rank #3. The company is scheduled to report results on Oct 25.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
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IQVIA Holdings (IQV) to Report Q3 Earnings: What's in Store?
IQVIA Holdings Inc. (IQV - Free Report) is scheduled to report third-quarter 2018 results on Oct 22, before the opening bell.
So far this year, shares of IQVIA Holdings have gained 32.2%, significantly outperforming the 5.6% rise of the industry it belongs to and 5.2% gain of the Zacks S&P 500 Composite Index.
Let’s see how things are shaping up for the announcement.
Top Line to Improve Year Over Year
The Zacks Consensus Estimate for third-quarter revenues is pegged at $2.58 billion, indicating year-over-year growth of 27.8%. Notably, the consensus mark is almost in line with the midpoint of the company’s guided range of $2.55-$2.60 billion.
The top line is expected to benefit from organic operational growth in the company’s Research & Development (R&D) Solutions and Technology & Analytics Solutions businesses, higher pass-through associated with the R&D Solutions revenues and contribution from tuck-in acquisitions.
In second-quarter 2018, revenues increased 9% year over year on a reported basis and 7.7% on a constant currency basis to $2.57 billion.
Bottom-Line Expectations
The Zacks Consensus Estimate for earnings per share (EPS) in the to-be-reported quarter is pegged at $1.39, indicating year-over-year growth of 16.8%. Notably, the consensus estimate is almost in line with the midpoint of the company guided EPS range of $1.35-$1.42. The bottom line is expected to benefit from lower tax rates and operating efficiency.
In second-quarter 2018, adjusted earnings increased 25.2% to $1.29 per share.
What Does Our Model Indicate?
According to the Zacks model, a company with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) has a good chance of beating estimates if it also has a positive Earnings ESP. Zacks Rank #4 (Sell) or 5 (Strong Sell) stocks are best avoided, especially if they have a negative Earnings ESP. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
IQVIA Holdings has a Zacks Rank #3 and an Earnings ESP of 0.00%, a combination that makes surprise prediction difficult.
IQVIA Holdings Inc. Price and EPS Surprise
IQVIA Holdings Inc. Price and EPS Surprise | IQVIA Holdings Inc. Quote
Stocks to Consider
Here are a few stocks from the broader Business Services sector that investors may consider as our model shows that these have the right combination of elements to beat on earnings in third-quarter 2018:
WEX (WEX - Free Report) has an Earnings ESP of +0.49% and a Zacks Rank #2. The company is scheduled to report results on Oct 31. You can see the complete list of today’s Zacks #1 Rank stocks here.
TransUnion (TRU - Free Report) has an Earnings ESP of +3.54% and a Zacks Rank #3. The company is slated to release results on Oct 23.
Republic Services (RSG - Free Report) has an Earnings ESP of +0.31% and a Zacks Rank #3. The company is scheduled to report results on Oct 25.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>