Laboratory Corporation of America Holdings reports results for the quarter ended in December - Earnings Summary

Laboratory of America Holdings

16/02/2023 14:32

* Laboratory Corporation of America Holdings  LH.N  reported
quarterly adjusted earnings of $4.14​​ per share for the quarter
ended in December. The mean expectation of fourteen analysts for
the quarter was for earnings of $4.10 per share.
    * Revenue fell 9.4% to $3.67 billion from a year ago;
analysts
expected $3.74 billion. 
    * Laboratory Corporation of America Holdings's reported EPS
for
the quarter was 86 cents​.
    * The mean earnings estimate of analysts had fallen by
about 0.8%
in the last three months.​ 
    * In the last 30 days two analysts negatively revised
earnings
estimates 
    * Laboratory Corporation of America Holdings shares
had risen
by 5.4% this quarter.
    * The company reported quarterly net income of $76.1
million.
    * Wall Street's median 12-month price target for Laboratory
Corporation of America Holdings is $285.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 12 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data February
16 at 02:32 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      4.10           4.14           Beat
 Sep. 30 2022      4.67           4.68           Beat
 Jun. 30 2022      4.70           4.95           Beat
 Mar. 31 2022      5.98           6.11           Beat