Equinix, Inc. (EQIX), headquartered in Redwood City, California, operates as a real estate investment trust. With a market cap of $74.9 billion, the company invests in interconnected data centers. Equinix focuses on developing a network- and cloud-neutral data center platform for cloud and information technology, enterprise, network, and mobile services providers, as well as financial companies. The world's digital infrastructure company is expected to announce its fiscal second-quarter earnings for 2025 after the market closes on Wednesday, Jul. 30.
Ahead of the event, analysts expect EQIX to report an FFO of $8.08 per share on a diluted basis, down 12.4% from $9.22 per share in the year-ago quarter. The company has consistently surpassed Wall Street’s FFO estimates in its last four quarterly reports.
For the full year, analysts expect EQIX to report FFO of $33.53 per share, down 4.3% from $35.02 per share in fiscal 2024. However, its FFO is expected to rise 6.3% year-over-year to $35.64 in fiscal 2026.
EQIX stock has underperformed the S&P 500 Index’s ($SPX) 12.7% gains over the past 52 weeks, with shares down 3.4% during this period. Similarly, it underperformed the Real Estate Select Sector SPDR Fund’s (XLRE) 2% gains over the same time frame.
On Apr. 30, EQIX shares closed up more than 1% after reporting its Q1 results. Its FFO of $9.67 per share surpassed Wall Street estimates of $8.96 per share. The company’s revenue was $2.23 billion, exceeding Wall Street forecasts of $2.22 billion. The company expects full-year FFO in the range of $37.36 to $38.17 per share, and expects revenue to be between $9.2 billion and $9.3 billion.
Analysts’ consensus opinion on EQIX stock is bullish, with an overall “Strong Buy” rating. Out of 29 analysts covering the stock, 22 advise a “Strong Buy” rating, two suggest a “Moderate Buy,” and five give a “Hold.” EQIX’s average analyst price target is $952.69, indicating a potential upside of 22.8% from the current levels.
On the date of publication, Neha Panjwani did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
