Labcorp Holdings Inc reports results for the quarter ended in September 30 - Earnings Summary

Labcorp Holdings

24/10/2024 17:25

* Labcorp Holdings Inc  LH.N  reported quarterly adjusted
earnings
of $3.50​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of $3.38.  The mean expectation of seventeen analysts for the
quarter was for earnings of $3.48 per share. Wall Street
expected results to range from $3.31  to $3.65 per share.
    * Revenue rose 7.4% to $3.28 billion from a year ago;
analysts
expected $3.26 billion. 
    * Labcorp Holdings Inc's reported EPS for the quarter was
$2.00​.
    * The company reported quarterly net income of $169.3
million.
    * Labcorp Holdings Inc shares had fallen by 1.6% this
quarter and
lost 3.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 6.9%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * 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 average consensus recommendation for the healthcare
facilities & services peer group is also "buy"

Wall Street's median 12-month price target for Labcorp Holdings
Inc is 259.00 
This summary was machine generated from LSEG data October 24 at
04:25 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      3.48           3.50           Beat
 Jun. 30 2024      3.78           3.94           Beat
 Mar. 31 2024      3.48           3.68           Beat
 Dec. 31 2023      3.26           3.30           Beat