Profile
Sector:
HealthcareIndustry:
Diagnostics & ResearchCountry:
United StatesIPO:
29 March 1990Website:
http://www.labcorp.comNext earnings report:
14 February 2025Last dividends:
29 August 2024Next dividends:
26 November 2024Price
pre-market | 8 min agoAnalysts recommendations
Institutional Ownership
Included in screeners
LH Latest News
Private equity firm Cinven secured a conditional approval from Italian authorities over its plan to sell a 15% stake in diagnostic service provider Synlab to laboratory operator Labcorp , a government document sent to parliament showed.
Investors are becoming more positive about LH because of its collaborations and strong management practices.
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.
What type of business is Laboratory Corporation of America Holdings?
Laboratory Corporation of America Holdings is a global company in the field of natural sciences. It provides comprehensive clinical laboratory services and drug development services through its LabCorp Diagnostics (LCD) and Covance Drug Development (CDD) segments. The company was founded in 1971, headquartered in Burlington, North Carolina. LabCorp provides diagnostic, drug, and technology solutions for more than 160 million clients per year, or over 3 million per week. The company also supports clinical trials in approximately 100 countries through its industry-leading central laboratories, preclinical and clinical development, generating more safety and efficacy data to support drug approvals than any other company.
What sector is Laboratory Corporation of America Holdings in?
Laboratory Corporation of America Holdings is in the Healthcare sector
What industry is Laboratory Corporation of America Holdings in?
Laboratory Corporation of America Holdings is in the Diagnostics & Research industry
What country is Laboratory Corporation of America Holdings from?
Laboratory Corporation of America Holdings is headquartered in United States
When did Laboratory Corporation of America Holdings go public?
Laboratory Corporation of America Holdings initial public offering (IPO) was on 29 March 1990
What is Laboratory Corporation of America Holdings website?
https://www.labcorp.com
Is Laboratory Corporation of America Holdings in the S&P 500?
Yes, Laboratory Corporation of America Holdings is included in the S&P 500 index
Is Laboratory Corporation of America Holdings in the NASDAQ 100?
No, Laboratory Corporation of America Holdings is not included in the NASDAQ 100 index
Is Laboratory Corporation of America Holdings in the Dow Jones?
No, Laboratory Corporation of America Holdings is not included in the Dow Jones index
When was Laboratory Corporation of America Holdings the previous earnings report?
No data
When does Laboratory Corporation of America Holdings earnings report?
The next expected earnings date for Laboratory Corporation of America Holdings is 14 February 2025