Benzinga | Jul 28, 2020 02:06PM EDT

Earnings Preview for Equinix

Equinix (NASDAQ:EQIX) announces its next round of earnings this Wednesday, July 29. Here is Benzinga's everything-that-matters guide for this Wednesday's Q2 earnings announcement.

Earnings and Revenue

Equinix EPS will likely be near $1.62 while revenue will be around $1.46 billion, according to analysts. In the same quarter last year, Equinix reported earnings per share of $5.870 on revenue of $1.39 billion. If the company were to match the consensus estimate when it reports Wednesday, EPS would have fallen 72.4%. Sales would be have grown 3.55% from the same quarter last year. Here's how the company's reported EPS has compared to analyst estimates in the past:

Quarter Q1 2020 Q4 2020 Q3 2019 Q2 2019EPS Estimate 1.64 EPS Actual 6.21 5.51 5.52 5.87Revenue Estimate 1.45 B 1.42 B 1.41 B 1.39 BRevenue Actual 1.45 B 1.42 B 1.40 B 1.39 B

Stock Performance

Over the last 52-week period, shares of Equinix are up 49.19%.

Analysts have developed a bearish outlook on the upcoming earnings release over the past few days versus 90 days ago. The general EPS consensus estimate since that time has moved up 1.22% while revenue estimates have moved up 3.55%.

Don't be surprised to see the stock move on comments made during its conference call. Equinix is scheduled to hold the call at 17:30:00 ET and can be accessed here: https://edge.media-server.com/mmc/p/du3rgfht