What is Zacks Research’s Forecast for Equinix Q4 Earnings?

Equinix, Inc. (NASDAQ:EQIX) – Research analysts at Zacks Research cut their Q4 2024 earnings estimates for shares of Equinix in a note issued to investors on Wednesday, November 20th. Zacks Research analyst R. Department now expects that the financial services provider will earn $6.97 per share for the quarter, down from their prior estimate of $7.27. The consensus estimate for Equinix’s current full-year earnings is $31.06 per share. Zacks Research also issued estimates for Equinix’s Q1 2025 earnings at $8.20 EPS, Q2 2025 earnings at $8.34 EPS, Q3 2025 earnings at $8.33 EPS, Q4 2025 earnings at $8.58 EPS, FY2025 earnings at $33.46 EPS, Q1 2026 earnings at $8.57 EPS, Q2 2026 earnings at $8.93 EPS, Q3 2026 earnings at $9.13 EPS and FY2026 earnings at $36.23 EPS.

Several other research firms have also recently weighed in on EQIX. BMO Capital Markets boosted their price objective on Equinix from $975.00 to $1,020.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Truist Financial boosted their price target on shares of Equinix from $915.00 to $935.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Hsbc Global Res upgraded shares of Equinix from a “hold” rating to a “strong-buy” rating in a report on Friday, October 4th. Cfra reaffirmed a “hold” rating on shares of Equinix in a research report on Tuesday, September 24th. Finally, HSBC raised shares of Equinix from a “hold” rating to a “buy” rating and increased their target price for the company from $865.00 to $1,000.00 in a research report on Friday, October 4th. Five research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $952.88.

Equinix Price Performance

Shares of NASDAQ EQIX opened at $978.26 on Monday. The company has a market capitalization of $94.39 billion, a PE ratio of 88.21, a PEG ratio of 2.41 and a beta of 0.71. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.12. The stock’s 50 day moving average price is $895.98 and its 200-day moving average price is $829.37. Equinix has a twelve month low of $684.14 and a twelve month high of $982.69.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of EQIX. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Equinix in the second quarter valued at approximately $30,000. LRI Investments LLC bought a new position in shares of Equinix in the 1st quarter worth $31,000. GHP Investment Advisors Inc. raised its position in shares of Equinix by 50.0% during the 3rd quarter. GHP Investment Advisors Inc. now owns 39 shares of the financial services provider’s stock valued at $35,000 after buying an additional 13 shares in the last quarter. Fortitude Family Office LLC lifted its holdings in shares of Equinix by 50.0% during the 3rd quarter. Fortitude Family Office LLC now owns 39 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 13 shares during the last quarter. Finally, Meeder Asset Management Inc. purchased a new position in Equinix in the second quarter worth $36,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Insider Buying and Selling

In other Equinix news, EVP Jonathan Lin sold 93 shares of the firm’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $820.99, for a total value of $76,352.07. Following the completion of the transaction, the executive vice president now directly owns 7,141 shares of the company’s stock, valued at $5,862,689.59. This trade represents a 1.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Christopher B. Paisley sold 100 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $891.00, for a total transaction of $89,100.00. Following the completion of the transaction, the director now directly owns 17,794 shares in the company, valued at approximately $15,854,454. The trade was a 0.56 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,754 shares of company stock valued at $11,666,756. Corporate insiders own 0.27% of the company’s stock.

Equinix Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Wednesday, November 13th will be paid a dividend of $4.26 per share. The ex-dividend date is Wednesday, November 13th. This represents a $17.04 dividend on an annualized basis and a dividend yield of 1.74%. Equinix’s payout ratio is 153.65%.

About Equinix

Equinix (Nasdaq: EQIX) is the world's digital infrastructure company . Digital leaders harness Equinix's trusted platform to bring together and interconnect foundational infrastructure at software speed. Equinix enables organizations to access all the right places, partners and possibilities to scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value, while supporting their sustainability goals.