Advertisement
Canada markets close in 5 hours 11 minutes

  • S&P/TSX

    21,930.49
    +45.11 (+0.21%)
     

  • S&P 500

    5,102.43
    +54.01 (+1.07%)
     

  • DOW

    38,201.44
    +115.64 (+0.30%)
     

  • CAD/USD

    0.7314
    -0.0009 (-0.13%)
     

  • CRUDE OIL

    83.42
    -0.15 (-0.18%)
     

  • Bitcoin CAD

    87,450.09
    +750.74 (+0.87%)
     

  • CMC Crypto 200

    1,340.38
    -56.16 (-4.03%)
     

  • GOLD FUTURES

    2,344.30
    +1.80 (+0.08%)
     

  • RUSSELL 2000

    2,000.92
    +19.80 (+1.00%)
     

  • 10-Yr Bond

    4.6510
    -0.0550 (-1.17%)
     

  • NASDAQ

    15,931.01
    +319.25 (+2.04%)
     

  • VOLATILITY

    15.27
    -0.10 (-0.65%)
     

  • FTSE

    8,145.69
    +66.83 (+0.83%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • CAD/EUR

    0.6840
    +0.0019 (+0.28%)
     
MARKETS LIVE BLOG:

STOCKS RISE, LED BY STELLAR ALPHABET, MICROSOFT EARNINGS

Results from 'Magnificent Seven' duo show cloud revenue boosted by strong AI demand

IQVIA (IQV) to Report Q4 Earnings: What's in the Cards?

Zacks Equity Research
·3 min read

IQVIA Holdings Inc. (IQV) is set to report fourth-quarter 2019 results on Feb 12, before the bell.

The company’s shares have gained 23.9% over the past year, against 1.8% decline of the industry it belongs to.

Q4 Expectations

The Zacks Consensus Estimate for revenues in the to-be-reported quarter is pegged at $2.84 billion, indicating growth of 5.7% from the year-ago quarter’s reported figure. The top line is likely to have been driven by strength across the company’s Research & Development Solutions (R&DS), Technology & Analytics Solutions (TAS) and Contract Sales & Medical Solutions (CSMS) segments.

ADVERTISEMENT

The consensus mark for R&DS segment revenues is pegged at $1.46 billion, indicating growth of 6.9% from the year-ago quarter’s reported figure. The consensus mark for TAS segment revenues stands at $1.18 billion, indicating a year-over-year growth of 4.4%. The consensus estimate for CSMC segment revenues is pegged at $203 million, indicating growth of 5.2% from the year-ago quarter’s reported figure.

In third-quarter 2019, total revenues of $2.77 billion grew 6.7% year over year.

The Zacks Consensus Estimate for earnings in the to-be-reported quarter is pegged at $1.72, indicating growth of 14.7% from the year-ago period reported figure. Operational performance is likely to have aided the bottom line. In third-quarter 2019, adjusted earnings per share of $1.6 increased 12.7% year over year.

What Our Model Says

Our proven Zacks model does not predict an earnings beat for IQVIA this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

IQVIA has an Earnings ESP of 0.00% and a Zacks Rank #3.

Stocks to Consider

Here are a few stocks from the broader Zacks Business Services sector that investors may consider as our model shows that these have the right combination of elements to beat on fourth-quarter 2019 earnings:

SailPoint Technologies (SAIL)has an Earnings ESP of +4.92% and a Zacks Rank #2. The company is slated to report results on Feb 24. You can see the complete list of today’s Zacks #1 Rank stocks here.

Republic Services (RSG) has an Earnings ESP of +2.67% and a Zacks Rank #2. The company is slated to release results on Feb 13.

Fidelity National Information Services (FIS) has an Earnings ESP of +0.30% and a Zacks Rank #3. The company is slated to release results on Feb 13.

Zacks Top 10 Stocks for 2020

In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2020?

Last year's 2019 Zacks Top 10 Stocks portfolio returned gains as high as +102.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.

Access Zacks Top 10 Stocks for 2020 today >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Fidelity National Information Services, Inc. (FIS) : Free Stock Analysis Report
 
Republic Services, Inc. (RSG) : Free Stock Analysis Report
 
IQVIA Holdings Inc. (IQV) : Free Stock Analysis Report
 
SailPoint Technologies Holdings, Inc. (SAIL) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research