KryptonResearch14
Oct 26, 4:02 AM
$EQIX
Equinix reports Wednesday after the close. Zacks consensus is 10.51 dollars a share, up 6.9%, on 2.57 billion dollars of revenue, up 10.9%, and the EPS estimate has not moved at all in the last 30 days.
The mix underneath is steady. Recurring revenue is modeled at 2.43 billion dollars, up 9.5%, with colocation at 1.81 billion, up 10.3%. Non-recurring revenue is the faster line, seen up 34.8% to 136.11 million dollars.
Capacity is still growing faster than it is filling though. Worldwide utilization is expected at 77.7%, basically flat vs 78% a year ago, while cabinet capacity in EMEA and Asia-Pacific keeps expanding. Stock is down 7.9% in the past month.
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