Equinix (EQIX) Q3 FFO Surpass Estimates

Core Insights - Equinix reported quarterly funds from operations (FFO) of $9.83 per share, exceeding the Zacks Consensus Estimate of $9.26 per share, and up from $9.05 per share a year ago, representing an FFO surprise of +6.16% [1] - The company posted revenues of $2.32 billion for the quarter ended September 2025, slightly missing the Zacks Consensus Estimate by 0.32%, but showing an increase from $2.2 billion year-over-year [2] - Equinix shares have underperformed the market, losing about 13.4% since the beginning of the year compared to the S&P 500's gain of 17.2% [3] Financial Performance - Over the last four quarters, Equinix has surpassed consensus FFO estimates three times and topped revenue estimates two times [2] - The current consensus FFO estimate for the upcoming quarter is $9.36 on revenues of $2.45 billion, and for the current fiscal year, it is $38.19 on revenues of $9.26 billion [7] Market Outlook - The sustainability of Equinix's stock price movement will depend on management's commentary during the earnings call and future FFO expectations [3][4] - The estimate revisions trend for Equinix was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] - The REIT and Equity Trust - Retail industry, to which Equinix belongs, is currently in the top 33% of Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8]