Laboratory Corporation of America HoldingsNYSE: LH

Labcorp Holdings Inc. (NYSE:LH) will hold its Q3 2024 Earnings Conference Call on October 24, 2024, at 9:00 AM ET. Key participants from the company include Christin O'Donnell, Adam Schechter, and Glenn Eisenberg. Various analysts from firms like Mizuho, JPMorgan, and Citi will also be joining the call.

The main figures for Labcorp (LH) provide an overview of the company's performance for the quarter that ended in September 2024. However, it could be useful to compare some important metrics with Wall Street predictions and the results from the same period last year.

On Thursday, Labcorp, a laboratory operator, exceeded Wall Street's expectations for its third-quarter profit and revenue, thanks to a strong demand for diagnostic tests.

Labcorp has reported its third-quarter results for 2024, showing revenue of $3.28 billion, an increase from $3.06 billion last year. However, the diluted EPS decreased to $2.00 from $2.11, while adjusted EPS rose slightly to $3.50 from $3.38. The company also updated its full-year guidance, projecting revenue growth of 6.6% to 7.3% and adjusted EPS between $14.30 and $14.70, reflecting a $0.10 decrease in the midpoint due to weather-related impacts.

Labcorp has exceeded expectations for earnings and revenues in the third quarter, starting the fourth quarter of 2024 with strong momentum.

Instead of just focusing on Wall Street's predictions for Labcorp's (LH) earnings, let's explore some important metrics to better understand how the company might perform in the quarter that ended in September 2024. This will give us a clearer picture of its potential results.

Labcorp (LH) lacks the necessary elements that could lead to a strong earnings report in its next announcement. Be ready for the important expectations.

LH is in a strong position for future success in Cell & Gene Therapy. They are also moving into the consumer market and growing internationally through their specialty testing and biopharma sectors.

Labcorp is growing its testing services in fast-developing areas, forming partnerships, and concentrating on improving operations, which brings a sense of hope.