Laboratory Corporation of America Holdings expected to post earnings of $3.96 a share - Earnings Preview

Laboratory of America Holdings

21/04/2023 16:02

* Laboratory Corporation of America Holdings  LH.N   LH  is
expected to show a fall in quarterly revenue when it reports 
results on April 25. 
    * The Burlington North Carolina-based  company is expected
to
report  a 5.3% decrease in revenue to $3.692 billion from $3.9
billion a year ago, according to the mean estimate from 11
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Laboratory
Corporation of
America Holdings is for earnings of $3.96 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 13 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 0.6%
in the last three months. ​
    * Wall Street's median 12-month price target for Laboratory
Corporation of America Holdings is $288​, above​ its last
closing price of $231.54. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  4.08        4.10       4.14      Beat    0.9
 Sep. 30 2022  4.67        4.67       4.68      Beat    0.3
 Jun. 30 2022  4.73        4.70       4.95      Beat    5.3​
 Mar. 31 2022  6.07        5.98       6.11      Beat    2.2
 ​​Dec.        6.27        5.80       6.77      Beat    16.8
 31 2021                                                
 Sep. 30 2021  5.17        4.92       6.82      Beat    38.7​
 Jun. 30 2021  5.56        5.53       6.13      Beat    10.9
 Mar. 31 2021  7.47        7.43       8.79      Beat    18.3
 This summary was machine generated April 21 at 15:02 GMT.  All
figures in US dollars  unless otherwise stated