Labcorp Holdings Inc expected to post earnings of $3.49 a share - Earnings Preview

Labcorp Holdings

22/10/2024 14:26

* Labcorp Holdings Inc  LH.N   LH  is expected to show a
rise in
quarterly revenue when it reports  results on October 24 for the
period ending September 30 2024
    * The Burlington North Carolina-based  company is expected
to
report a 6.6% increase in revenue to $3.26 billion from $3.06
billion a year ago, according to the mean estimate from 13
analysts, based on LSEG data. (Sales/Revenue Majority Basis is
on Total /Net revenue)
    * ​LSEG's mean analyst estimate for Labcorp Holdings Inc is
for
earnings of $3.49 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 13 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Labcorp
Holdings
Inc is 259.00​, above​ its last closing price of $214.13. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  3.76        3.78       3.94      Beat    4.3
 Mar. 31 2024  3.50        3.48       3.68      Beat    5.7
 Dec. 31 2023  3.28        3.26       3.30      Beat    1.3​
 Sep. 30 2023  3.34        3.33       3.38      Beat    1.4
 ​​Jun.        3.51        3.53       3.80      Beat    7.5
 30 2023                                                
 Mar. 31 2023  3.90        3.96       3.82      Missed  -3.4​
 Dec. 31 2022  4.08        4.10       4.14      Beat    0.9
 Sep. 30 2022  4.67        4.67       4.68      Beat    0.3
 This summary was machine generated October 22 at 13:26 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)