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.
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 $7.1, which is worse than the estimate ninety days ago.
Here’s how Laboratory Corp. Of America Holdings has been performing on an annual basis:
|Revenue ($) 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|
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.
“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)