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IQVIA (IQV) to Report Q2 Earnings: What's in the Offing?
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IQVIA Holdings Inc. (IQV - Free Report) is scheduled to report second-quarter 2019 results on Jul 24, before the opening bell. Shares of the company have gained 42.3% year to date against 11.4% decline of the industry it belongs to.
How Things Are Shaping Up?
The Zacks Consensus Estimate for revenues in the to-reported quarter is pegged at $2.70 billion, indicating growth of 5% from the year-ago reported figure. The expected growth is likely to be driven by strength across the company’s Research & Development Solutions (R&DS) and Technology & Analytics Solutions (TAS) segments. Continued market penetration of analytics and technology-enabled offerings across TAS and R&DS businesses has been benefitting the company.
Notably, the consensus estimate falls within the company’s guided range $2.66-$2.71 billion. In the first-quarter 2019, total revenues of $2.68 billion increased 4.7% year over year.
The Zacks Consensus Estimate for earnings in the to-be-reported quarter is pegged at $1.50, indicating growth of 16.3% from the year-ago period reported figure. Operational performance is likely to be the key catalyst for the bottom line.
The consensus estimate lies within the company’s guided range of $1.46-$1.51. In first-quarter 2019, adjusted earnings per share of $1.53 increased 14.2% year over year.
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 has a Zacks Rank #3 and an Earnings ESP of +0.88%.
Stocks That Warrant a Look
Here are some stocks that you may want to consider, as our model shows that these have the right combination of elements to deliver a positive earnings surprise:
Cardlytics, Inc. (CDLX - Free Report) , with an Earnings ESP of +28.89% and a Zacks Rank #2.
S&P Global (SPGI - Free Report) , with an Earnings ESP of +0.94% and a Zacks Rank #2.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
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IQVIA (IQV) to Report Q2 Earnings: What's in the Offing?
IQVIA Holdings Inc. (IQV - Free Report) is scheduled to report second-quarter 2019 results on Jul 24, before the opening bell. Shares of the company have gained 42.3% year to date against 11.4% decline of the industry it belongs to.
How Things Are Shaping Up?
The Zacks Consensus Estimate for revenues in the to-reported quarter is pegged at $2.70 billion, indicating growth of 5% from the year-ago reported figure. The expected growth is likely to be driven by strength across the company’s Research & Development Solutions (R&DS) and Technology & Analytics Solutions (TAS) segments. Continued market penetration of analytics and technology-enabled offerings across TAS and R&DS businesses has been benefitting the company.
Notably, the consensus estimate falls within the company’s guided range $2.66-$2.71 billion. In the first-quarter 2019, total revenues of $2.68 billion increased 4.7% year over year.
IQVIA Holdings Inc. Revenue (TTM)
IQVIA Holdings Inc. revenue-ttm | IQVIA Holdings Inc. Quote
The Zacks Consensus Estimate for earnings in the to-be-reported quarter is pegged at $1.50, indicating growth of 16.3% from the year-ago period reported figure. Operational performance is likely to be the key catalyst for the bottom line.
The consensus estimate lies within the company’s guided range of $1.46-$1.51. In first-quarter 2019, adjusted earnings per share of $1.53 increased 14.2% year over year.
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 has a Zacks Rank #3 and an Earnings ESP of +0.88%.
Stocks That Warrant a Look
Here are some stocks that you may want to consider, as our model shows that these have the right combination of elements to deliver a positive earnings surprise:
Avis Budget Group (CAR - Free Report) , with an Earnings ESP of +15.07% and a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Cardlytics, Inc. (CDLX - Free Report) , with an Earnings ESP of +28.89% and a Zacks Rank #2.
S&P Global (SPGI - Free Report) , with an Earnings ESP of +0.94% and a Zacks Rank #2.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>