IQVIA Holdings (IQV) Tops Q4 EPS by 6c, Beats on Revenues; Offers FY18 EPS Outlook Above Guidance
IQVIA Holdings (NYSE: IQV) reported Q4 EPS of $1.40, $0.06 better than the analyst estimate of $1.34. Revenue for the quarter came in at $2.16 billion versus the consensus estimate of $2.14 billion.
- Revenue of $2,161 million for the fourth quarter and $8,060 million for the full year; $8,068 million of full-year revenue before merger-related deferred revenue adjustment
- Adjusted EBITDA of $582 million for the fourth quarter and $2,047 million for the full year
- GAAP Diluted Earnings per Share of $5.02 for the fourth quarter and $5.88 for the full year
- Adjusted Diluted Earnings per Share of $1.40 for the fourth quarter and $4.67 for the full year
- $3.6 billion of share repurchase completed post-merger, $369 million completed during the fourth quarter
- Post-merger share repurchase authorization increased to $5.0 billion from $3.5 billion
First-Quarter 2018 Guidance
Inclusive of the adoption of ASC 606, IQVIA expects first quarter 2018 revenue between $2,420 million and $2,470 million, Adjusted EBITDA between $520 million and $540 million and Adjusted Diluted Earnings per Share between $1.23 and $1.30.
This financial guidance assumes current foreign currency exchange rates remain in effect for the remainder of the year.
GUIDANCE:
IQVIA Holdings sees FY2018 EPS of $5.35-$5.60, versus the consensus of $5.34. IQVIA Holdings sees FY2018 revenue of $8.45-8.65 billion, versus the consensus of $8.53 billion.
For earnings history and earnings-related data on IQVIA Holdings (IQV) click here.
