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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Equinix, Inc. (REIT)    EQIX

EQUINIX, INC. (REIT)

(EQIX)
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Equinix: 4Q Earnings Snapshot

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02/12/2020 | 04:42pm EDT

REDWOOD CITY, Calif. (AP) _ Equinix Inc. (EQIX) on Wednesday reported a key measure of profitability in its fourth quarter. The results exceeded Wall Street expectations.

The Redwood City, California-based real estate investment trust said it had funds from operations of $472.6 million, or $5.51 per share, in the period.

The average estimate of six analysts surveyed by Zacks Investment Research was for funds from operations of $5.36 per share.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had net income of $125 million, or $1.46 per share.

The data center operator, based in Redwood City, California, posted revenue of $1.42 billion in the period, which met Street forecasts.

For the year, the company reported funds from operations of $1.93 billion. Revenue was reported as $5.56 billion.

For the current quarter ending in April, Equinix said it expects revenue in the range of $1.45 billion to $1.46 billion. Analysts surveyed by Zacks had expected revenue of $1.48 billion.

The company expects full-year funds from operations in the range of $24.42 to $25 per share, with revenue ranging from $6 billion to $6.05 billion.

The company's shares have increased nearly 7% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $623.14, a climb of 57% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EQIX at https://www.zacks.com/ap/EQIX

Automated Insights, source Associated Press News

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Financials (USD)
Sales 2020 5 934 M
EBIT 2020 1 127 M
Net income 2020 569 M
Debt 2020 11 673 M
Yield 2020 1,57%
P/E ratio 2020 103x
P/E ratio 2021 79,9x
EV / Sales2020 12,0x
EV / Sales2021 11,1x
Capitalization 59 795 M
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Technical analysis trends EQUINIX, INC. (REIT)
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Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 717,64 $
Last Close Price 675,54 $
Spread / Highest target 19,2%
Spread / Average Target 6,23%
Spread / Lowest Target -29,7%
EPS Revisions
Managers
NameTitle
Charles J. Meyers President, Chief Executive Officer & Director
Peter F. van Camp Executive Chairman
Raouf Abdel Chief Global Operations Officer
Keith D. Taylor Chief Financial Officer
Milind Wagle Chief Information Officer
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