Equinix (EQIX) Q4 FFO and Revenues Miss Estimates

Core Insights - Equinix reported quarterly funds from operations (FFO) of $7.92 per share, missing the Zacks Consensus Estimate of $8.09 per share, but showing an increase from $7.30 per share a year ago, resulting in an FFO surprise of -2.10% [1] - The company posted revenues of $2.26 billion for the quarter ended December 2024, which was below the Zacks Consensus Estimate by 0.79%, compared to $2.11 billion in the same quarter last year [2] - Equinix has surpassed consensus FFO estimates three times over the last four quarters, but has only topped revenue estimates once in the same period [2] Financial Performance - The current consensus FFO estimate for the upcoming quarter is $9.44 on revenues of $2.29 billion, while the estimate for the current fiscal year is $38.30 on revenues of $9.51 billion [7] - Equinix shares have increased by approximately 0.1% since the beginning of the year, underperforming the S&P 500, which has gained 3.2% [3] Market Outlook - The estimate revisions trend for Equinix is currently unfavorable, leading to a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] - The REIT and Equity Trust - Retail industry, to which Equinix belongs, is currently in the top 33% of Zacks industries, suggesting that the industry outlook can significantly impact stock performance [8]