Equinix Inc reports results for the quarter ended December 31 - Earnings Summary

• Equinix Inc EQIX.OQ reported a quarterly adjusted loss of 14 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of $2.40. The mean expectation of twenty analysts for the quarter was for earnings of $2.71 per share. Wall Street expected results to range from $2.22 to $3.21 per share.

• Revenue rose 7.1% to $2.26 billion from a year ago; analysts expected $2.27 billion.

• Equinix Inc's reported EPS for the quarter was a loss of 14 cents​.

• The company reported a quarterly loss of $14 million.

• Equinix Inc shares had risen by 0.1% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.7% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 23 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the specialized reits peer group is also "buy"

Wall Street's median 12-month price target for Equinix Inc is $1,038.00

This summary was machine generated from LSEG data February 12 at 10:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)