IQVIA Holdings Inc reports results for the quarter ended September 30 - Earnings Summary

What happened

IQVIA Holdings Inc reported quarterly adjusted earnings of $3.34 per share, above analyst expectations of $3.28, and revenue up 8% to $4.43 billion. The company reported net income of $350 million and earnings per share of $2.10.

Confirmed

Global impact / market context

Earnings above expectations suggest IQVIA is controlling costs and selling more services, which can support the share price. Revenue of $4.43 billion beating the $4.37 billion estimate shows demand held up, helping explain the stock's 21.4% gain this year.

Analyst inference

Analysts currently rate the shares a buy, with 20 buy ratings and 2 hold ratings. The median 12-month price target of $300.00 sits about 8.8% above the last closing price of $273.60, implying analysts see modest further upside.

Analyst inference

What to watch

1. Three analysts lowered their earnings estimates in the last 30 days, while the average estimate rose about 0.1% over three months, so estimate direction remains mixed. Confirmed
2. Watch whether IQVIA converts revenue growth into profit per sale, since adjusted earnings of $3.34 per share differ from reported earnings of $2.10 per share. Proposed
3. The $300.00 median price target implies upside of about 8.8%, so any analyst rating change could shift investor positioning in the stock. Analyst inference

Evidence

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