Equinix (EQIX) closed at $789.19 in the latest trading session, marking a +1.47% move from the prior day. The stock exceeded the S&P 500, which registered a gain of 0.14% for the day. Elsewhere, the Dow lost 0.04%, while the tech-heavy Nasdaq added 0.38%.
Shares of the data center operator have depreciated by 11.9% over the course of the past month, underperforming the Finance sector's gain of 4.07%, and the S&P 500's gain of 5.35%.
Market participants will be closely following the financial results of Equinix in its upcoming release. The company plans to announce its earnings on July 30, 2025. The company's earnings per share (EPS) are projected to be $9.19, reflecting a 0.33% decrease from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $2.26 billion, reflecting a 4.46% rise from the equivalent quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $37.75 per share and a revenue of $9.2 billion, representing changes of +7.8% and +5.21%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Equinix. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection has moved 0.27% lower. Equinix presently features a Zacks Rank of #3 (Hold).
From a valuation perspective, Equinix is currently exchanging hands at a Forward P/E ratio of 20.6. This represents a premium compared to its industry average Forward P/E of 13.23.
Meanwhile, EQIX's PEG ratio is currently 1.28. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The average PEG ratio for the REIT and Equity Trust - Retail industry stood at 2.91 at the close of the market yesterday.
The REIT and Equity Trust - Retail industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 93, positioning it in the top 38% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Equinix, Inc. (EQIX): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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