Laboratory Corp. of America Holdings Earnings Preview: Get Ahead of the Analysts

Laboratory Corp. Of America Holdings (NYSE:LH) will report earnings before markets open on Friday, July 19th. Laboratory Corporation of America Holdings is a clinical laboratory organization. The Company offers a wide range of clinical laboratory tests which are used by the medical profession in routine testing, patient diagnosis, and in the monitoring and treatment of disease. Laboratory Corporation operates a network of laboratories and service sites which serve clients across the United States.

Here is your Cheat Sheet to Laboratory Corp. Of America Holdings Earnings:

Earnings Expectations: Analysts expect earnings of $1.80 per share on revenues of $1.46 billion. Currently, the company’s P/E ratio stands at 16.35.

Analyst Trends:

Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $1.8 to a profit $1.81. For the current year, the average estimate is a profit of $7.1, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Laboratory Corp. Of America Holdings has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 4,505 4,695 5,004 5,542 5,671
Diluted EPS ($) 4.16 4.98 5.29 5.11 5.99

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012 Mar. 31, 2013
Revenue ($) in millions 1,423.40 1,419.40 1,405.30 1,440.90
Diluted EPS ($) 1.56 1.53 1.26 1.56

Past Performance:
Laboratory Corp. Of America Holdings has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)