Equinix (EQIX) Outperforms Broader Market: What You Need to Know

Group 1: Stock Performance - Equinix (EQIX) stock increased by 1.32% to $795.47, outperforming the S&P 500's daily gain of 0.52% [1] - Over the past month, shares of Equinix have depreciated by 11.67%, underperforming the Finance sector's gain of 2.2% and the S&P 500's gain of 4.27% [1] Group 2: Earnings Estimates - Upcoming EPS for Equinix is projected at $9.2, indicating a 0.22% drop compared to the same quarter last year [2] - Revenue is expected to be $2.26 billion, reflecting a 4.47% increase compared to the year-ago quarter [2] - For the entire fiscal year, earnings are estimated at $37.76 per share and revenue at $9.21 billion, showing changes of +7.82% and +5.24% respectively from the previous year [3] Group 3: Analyst Estimates and Valuation - Recent adjustments to analyst estimates for Equinix can indicate short-term business trends, with positive revisions suggesting optimism about the business outlook [4] - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently ranks Equinix as 3 (Hold) [6] - Equinix has a Forward P/E ratio of 20.79, which is a premium compared to the industry average Forward P/E of 13.27 [7] Group 4: Growth Metrics - Equinix has a PEG ratio of 1, which is significantly lower than the average PEG ratio of 2.94 for the REIT and Equity Trust - Retail industry [8] - The REIT and Equity Trust - Retail industry is part of the Finance sector and holds a Zacks Industry Rank of 96, placing it in the top 40% of all industries [9]