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IQVIA's (IQV) Q1 Earnings and Revenues Surpass Estimates

IQVIA Holdings Inc. IQV reported first-quarter 2019 (ended Mar 31, 2019) adjusted earnings per share of $1.53, beating the Zacks Consensus Estimate of $1.51. Earnings increased 14.2% on a year-over-year basis.

How Was the Estimate Revision Trend?

Investors should note that the stock had seen the Zacks Consensus Estimate for first-quarter 2019 earnings decrease 0.2% over the last 60 days.

The company also has an impressive earnings history having outperformed the Zacks Consensus Estimate in all of the last four quarters with an average positive surprise of 3.23%.

Revenues Higher Than Expected

IQVIA recorded revenues of $2.68 billion which surpassed the Zacks Consensus Estimate of $2.66 billion. Moreover, revenues compared favorably with the year-ago figure of $2.56 billion.

Key Stats to Note:  For second-quarter 2019, IQVIA projects adjusted earnings in the range of $1.46-$1.51 per share. Revenues are expected between $2,660 million and $2,710 million.

Zacks Rank: Currently, IQVIA has a Zacks Rank #4 (Sell) but that could change following the company’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here

IQVIA Holdings Inc. Price and EPS Surprise

 

IQVIA Holdings Inc. Price and EPS Surprise | IQVIA Holdings Inc. Quote

Check back later for our full write up on this IQVIA earnings report later!

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