Laboratory Corporation of America Holdings expected to post earnings of $4.70 a share - Earnings Preview

Laboratory of America Holdings

26/07/2022 19:35

* Laboratory Corporation of America Holdings  LH.N   LH  is
expected to show a fall in quarterly revenue when it reports 
results on July 28. 
    * The Burlington North Carolina-based  company is expected
to
report  a 2.3% decrease in revenue to $3.753 billion from $3.84
billion a year ago, according to the mean estimate from 12
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Laboratory
Corporation of
America Holdings is for earnings of $4.70 per share. For the
same quarter last year, the company reported earnings of $6.13
per share.
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 15 "strong buy" or "buy," 2
"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 Laboratory
Corporation of America Holdings is $310​, above​ its last
closing price of $246.89. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2022  6.07        5.98       6.11      Beat    2.2
 Dec. 31 2022  6.27        5.80       6.77      Beat    16.8
 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.        7.47        7.43       8.79      Beat    18.3
 31 2021                                                
 Dec. 31 2020  8.39        8.11       10.56     Beat    30.2​
 Sep. 30 2020  5.10        5.31       8.41      Beat    58.5
 Jun. 30 2020  1.62        1.00       2.57      Beat    158.2
 This summary was machine generated July 26 at 18:34 GMT.  All
figures in US dollars  unless otherwise stated