IQVIA Holdings (IQV) Tops Q4 EPS by 11c, Revenues Beat; Raises FY21 EPS/Revenue Guidance, Offers 1Q EPS/Revenue Guidance Above Consensus

IQVIA Holdings (NYSE: IQV) reported Q4 EPS of $2.11, $0.11 better than the analyst estimate of $2.00. Revenue for the quarter came in at $3.3 billion versus the consensus estimate of $3.14 billion.

• Revenue of $3,298 million for the fourth quarter grew 13.9 percent year-over-year
• Adjusted EBITDA of $735 million for the fourth quarter increased 14.5 percent year-over-year
• GAAP Diluted Earnings per Share of $0.61 for the fourth quarter; Adjusted Diluted Earnings per Share of $2.11 for the fourth quarter grew 21.3 percent year-over-year
• Technology & Analytics Solutions fourth-quarter revenue growth was 17.4 percent year-over-year; R&D Solutions fourth-quarter revenue growth was 14.5 percent year-over-year
• Record fourth-quarter and full-year Free Cash Flow of $574 million and $1.34 billion, respectively
• Full-year 2021 guidance raised for revenue, Adjusted EBITDA and Adjusted Diluted EPS

“We closed 2020 with a strong quarter, delivering double-digit growth across all key financial metrics versus what had been a very strong fourth quarter in 2019, once again exceeding our financial targets,” said Ari Bousbib, chairman and CEO of IQVIA. “As expected, R&DS recovered sharply and TAS continued to build on its strong momentum, with both segments reporting mid-teens revenue growth in the quarter. The key markets we serve remain robust and our new business wins in these markets continue to accelerate. As a result of this performance, and the solid momentum we are seeing, we are raising our 2021 financial guidance.”

GUIDANCE:

IQVIA Holdings sees Q1 2021 EPS of $1.81-$1.87, versus the consensus of $1.80. IQVIA Holdings sees Q1 2021 revenue of $3.15-3.2 billion, versus the consensus of $3.01 billion.

IQVIA Holdings sees FY2021 EPS of $7.77-$8.08, versus the consensus of $7.85. IQVIA Holdings sees FY2021 revenue of $12.55-12.9 billion, versus the consensus of $12.51 billion.

For earnings history and earnings-related data on IQVIA Holdings (IQV) click here.

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