IQVIA Up 3.4% Since Last Earnings Report: Can It Continue?
It has been about a month since the last earnings report for IQVIA Holdings (NYSE: IQV). Shares have added about 3.4% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is IQVIA due for a pullback? Before we dive into how investors and analysts have reacted as of late, let’s take a quick look at the most recent earnings report in order to get a better handle on the important drivers.
IQVIA Surpasses Q2 Earnings Estimates
IQVIA Holdings Analytics Inc. has reported impressive second-quarter 2024 results, wherein earnings and revenues surpassed the Zacks Consensus Estimate.
Adjusted earnings (excluding 67 cents from non-recurring items) were $2.6 per share, outpacing the Zacks Consensus Estimate by 2.3% and increasing 2.4% on a year-over-year basis. Total revenues of $3.8 billion surpassed the consensus estimate marginally and rose 2.3% from the year-ago quarter.
Quarter Details
Revenues from the Technology and Analytics segment were $1.5 billion, increasing 2.7% from second-quarter 2023. The metric met our estimate and increased 3.8% on a constant-currency basis.
The Research and Development segment’s revenues were $2.2 billion, increasing 2.4% from the year-ago quarter and 3.3% on a constant-currency basis. The …
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