What's in Store for Equinix (EQIX) Stock in Q1 Earnings?

Equinix, Inc. EQIXis set to report first-quarter 2018 earnings results on May 2, after the market closes. The company’s funds from operations (FFO) per share and revenues are anticipated to rise year over year.

In the last reported quarter, Equinix delivered a positive surprise of 5.4% in terms of FFO per share.

Results were primarily driven by strong booking activities, global expansions, continued enterprise momentum and synergies from acquisitions.

The company witnessed a remarkable streak of beating earnings estimates, especially when looking at the previous four reports. In fact, Equinix surpassed the Zacks Consensus Estimate in each of the trailing four quarters, with an average positive earnings surprise of 6.4%.