IQVIA Holdings (NYSE:IQV) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$3.90b (up 4.3% from 3Q 2023).

• Net income: US$285.0m (down 5.9% from 3Q 2023).

• Profit margin: 7.3% (down from 8.1% in 3Q 2023). The decrease in margin was driven by higher expenses.

• EPS: US$1.57 (down from US$1.66 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

IQVIA Holdings Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) missed analyst estimates by 19%.

Looking ahead, revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Life Sciences industry in the US.

Performance of the American Life Sciences industry.

The company's shares are down 4.1% from a week ago.

Valuation

If you are seeking undervalued stocks, our analysis of 6 valuation measures indicates IQVIA Holdings could be a good place to look. Click here to find out what a fair price for the stock might be and where analysts see the share price heading over the next year.

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