Quest Diagnostics Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Quest Diagnostics (NYSE:DGX) will unveil its latest earnings tomorrow, Wednesday, January 23, 2013. Quest Diagnostics provides diagnostic testing, information, and services to patients, physicians, and others.

Quest Diagnostics Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of $1.08 per share, a decline of 12.2% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $1.12. Between one and three months ago, the average estimate moved down. It has been unchanged at $1.08 during the last month. Analysts are projecting profit to rise by 36.3% versus last year to $4.51.

Past Earnings Performance: Last quarter, the company saw profit of $1.18 per share versus a mean estimate of net income of $1.18 per share. This comes after two consecutive quarters of exceeding expectations.

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A Look Back: In the third quarter, profit fell 5.1% to $163.1 million ($1.01 a share) from $171.8 million ($1.07 a share) the year earlier, meeting analyst expectations. Revenue fell 2.9% to $1.85 billion from $1.91 billion.

Here’s how Quest Diagnostics traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week: