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Quest Diagnostics Reports Second Quarter 2025 Financial Results; Raises Guidance for Full Year 2025
Prnewswire· 2025-07-22 10:47
Core Insights - Quest Diagnostics reported a strong second quarter for 2025, with revenues increasing by 15.2% year-over-year, driven by both organic growth and acquisitions [2][6] - The company raised its full-year guidance for 2025 based on positive performance trends and increased demand for its clinical solutions [2][3] Financial Performance - Net revenues for the second quarter reached $2.76 billion, up from $2.40 billion in 2024, marking a 15.2% increase [2][6] - Diagnostic Information Services revenues also grew by 15.7% to $2.70 billion compared to $2.33 billion in the previous year [2][6] - Adjusted diluted EPS for the quarter was $2.62, reflecting an 11.5% increase from $2.35 in 2024 [2][6] - Operating income rose to $438 million, a 23.3% increase from $355 million in the same quarter last year [2][6] Operational Metrics - Requisition volume increased by 16.3%, while organic requisition volume grew by 2.1% [2][6] - Cash provided by operations for the first half of 2025 was $858 million, up 67.1% from $514 million in 2024 [2][6] Updated Guidance - The updated guidance for full-year 2025 includes net revenues projected between $10.80 billion and $10.92 billion, an increase of 9.4% to 10.6% [3] - Reported diluted EPS is now expected to be between $8.60 and $8.80, while adjusted diluted EPS is forecasted to be between $9.63 and $9.83 [3][6]
Should You Buy Quest Diagnostics Ahead of Earnings?
ZACKS· 2025-07-21 13:41
Core Viewpoint - Quest Diagnostics Incorporated (DGX) is positioned favorably for an upcoming earnings report, with positive trends indicating a potential earnings beat [1][5]. Earnings Estimate Revisions - Recent favorable earnings estimate revisions for Quest Diagnostics suggest a positive outlook, as analysts have raised their estimates just before the earnings report [2][5]. - The Most Accurate Estimate for the current quarter stands at $2.59 per share, slightly above the Zacks Consensus Estimate of $2.57 per share, indicating recent upward revisions by analysts [3]. Earnings ESP and Historical Performance - Quest Diagnostics has a Zacks Earnings ESP of +0.67%, which is a positive indicator heading into earnings season [3]. - Historical data shows that stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of delivering positive surprises and have averaged over 28% in annual returns [4]. Investment Consideration - Given the positive earnings estimate revisions and the current Zacks Rank of 3, investors may want to consider Quest Diagnostics as a potential investment ahead of the earnings report [5].
DGX Q2 Earnings Preview: Will Advanced Diagnostics Lead Performance?
ZACKS· 2025-07-21 13:05
Core Insights - Quest Diagnostics (DGX) is expected to release its Q2 2025 results on July 22, with adjusted EPS of $2.21 in the last quarter, exceeding estimates by 2.79% [1] - The Zacks Consensus Estimate for Q2 2025 revenues is $2.72 billion, reflecting a 13.4% increase year-over-year, while EPS is projected to rise by 9.4% to $2.57 [2] Revenue and Earnings Estimates - Q2 2025 revenue estimates for Quest Diagnostics have increased by 1 cent to $2.57 in the past week [3] - The anticipated revenue growth is driven by the Advanced Diagnostics portfolio and strong performance across key clinical areas [4] Growth Drivers - The core Diagnostics Information Services (DIS) business is expected to see growth from prenatal and hereditary genetic testing, as well as the new HPV self-collection solution [5] - The AD-Detect suite for Alzheimer's risk assessment is likely to contribute to growth through personalized testing approaches [5] - The introduction of the Haystack minimal residual disease (MRD) blood test and large enterprise accounts are expected to further boost Advanced Diagnostics growth [6] Market Access and Partnerships - Revenue growth in Q2 2025 is supported by expanded health plan access with Elevance Health and Sentara Health Plans, effective January 1 [7] - Quest Diagnostics is now part of the Optum Health preferred lab network, enhancing service delivery to over 85,000 physicians [7] Operational Efficiency - The Collaborative Lab Solutions business is anticipated to lead revenue growth in the hospital channel [8] - The company is focusing on productivity gains from recent acquisitions and leveraging automation, robotics, and AI to improve operational efficiency [11] Financial Projections - Quest Diagnostics is projected to achieve 13.4% revenue growth and 9.4% EPS growth in Q2 2025, driven by Advanced Diagnostics and expanded payer access [9] - The DIS revenues are expected to increase by 13.5% year-over-year, with acquisitions contributing 5.8% [10] - Operating income is projected to rise by 13.6% year-over-year in Q2 2025 [11] Earnings Expectations - Quest Diagnostics has an Earnings ESP of +0.67% and a Zacks Rank of 3, indicating a higher chance of beating estimates [12]
Digi Power X Announces $15 Million Registered Direct Offering of Common Stock
Globenewswire· 2025-07-21 11:29
Core Viewpoint - Digi Power X Inc. has successfully entered into a securities purchase agreement for the sale of 4,807,693 shares at an offering price of U.S.$3.12 per share, resulting in gross proceeds of approximately U.S.$15 million, which will enhance its financial position and support its growth strategy in AI and digital infrastructure [2][3][9]. Financial Highlights - The offering is expected to close on or about July 22, 2025, subject to regulatory approval [4]. - Post-offering, the company will have over U.S.$30 million in cash and cash equivalents, with no long-term debt [3][9]. - The financing is aimed at solidifying the company's capital position as it transitions from deployment to monetization [4]. Strategic Initiatives - The funds will be utilized to expand the deployment of NeoCloud Tier 3 AI infrastructure powered by NVIDIA B200 and B300 chips [9]. - The company plans to accelerate the manufacturing and global distribution of its ARMS 200 pods [9]. - The financing will support strategic joint ventures and PPA-backed energy deployments, as well as non-dilutive financing initiatives [9]. Market Position - The offering reflects a growing interest in the company's scalable AI infrastructure strategy, particularly its proprietary ARMS 200 Tier 3 modular data center platform and NeoCloud GPU-as-a-Service infrastructure [3][9]. - Titan Partners Group is acting as the sole placement agent for this offering [4].
Will Quest Diagnostics (DGX) Beat Estimates Again in Its Next Earnings Report?
ZACKS· 2025-07-17 17:11
Core Viewpoint - Quest Diagnostics is a strong candidate for investors looking for stocks that consistently beat earnings estimates and may continue this trend in the upcoming quarterly report [1] Group 1: Earnings Performance - Quest Diagnostics has a strong track record of surpassing earnings estimates, averaging a 2.31% beat over the last two quarters [2] - In the last reported quarter, the company achieved earnings of $2.21 per share, exceeding the Zacks Consensus Estimate of $2.15 per share by 2.79% [3] - In the previous quarter, Quest Diagnostics reported earnings of $2.23 per share against an expected $2.19, resulting in a surprise of 1.83% [3] Group 2: Earnings Estimates and Predictions - There has been a favorable change in earnings estimates for Quest Diagnostics, with a positive Earnings ESP (Expected Surprise Prediction) indicating potential for an earnings beat [6] - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [7] - Quest Diagnostics currently has an Earnings ESP of +0.17%, suggesting analysts are optimistic about its near-term earnings potential [9]
Digi Power X Acquires Supermicro NVIDIA B200 Systems to Launch Tier 3 NeoCloud AI Infrastructure
Globenewswire· 2025-07-17 11:30
Core Viewpoint - Digi Power X Inc. has executed a purchase order with Super Micro Computer, Inc. to supply NVIDIA B200-powered systems for the launch of its NeoCloud AI infrastructure platform, marking a significant step towards revenue generation in the AI sector [1][3]. Group 1: Company Developments - The Supermicro systems will be deployed in Digi Power X's ARMS 200 pods, with the first deployment scheduled for the Alabama site in Q4 2025 [2]. - The company aims to generate substantial recurring revenue through high-performance GPU cloud rentals, with each megawatt of Tier 3 AI infrastructure expected to contribute significantly [3]. - Digi Power X is advancing the design of the ARMS 300 platform, targeting a total of 55 megawatts of Tier 3 AI infrastructure by 2026-2027 [4]. Group 2: Financial Strategy - The company plans to finance its growth through non-dilutive debt, leveraging platform-driven AI compute revenue to ensure predictable cash flow and strong margins while retaining full equity for shareholders [4]. - The business model is designed for a sub-three-year payback period, indicating a focus on financial efficiency and shareholder value [4]. Group 3: Market Positioning - Digi Power X is positioning itself as a first mover in the AI infrastructure market, aiming to deploy and monetize NVIDIA's Blackwell architecture at cloud scale [5]. - Following the Alabama deployment, additional ARMS 200 systems are planned for Upstate New York, indicating a strategic expansion of operations [5]. Group 4: Company Overview - Digi Power X is a vertically integrated AI and energy infrastructure company that designs and deploys modular Tier 3 data centers and offers enterprise-grade GPU compute through its NeoCloud portal [6].
Quest Diagnostics (DGX) is a Top-Ranked Value Stock: Should You Buy?
ZACKS· 2025-07-15 14:41
Company Overview - Quest Diagnostics Inc. is headquartered in Secaucus, New Jersey, providing diagnostic information services to a wide range of customers, including physicians, hospitals, and patients [11] - The company serves Independent Delivery Networks (IDN) across the United States through its Professional Lab Services (PLS), focusing on improving quality and reducing healthcare costs [11] Zacks Rank and Style Scores - Quest Diagnostics has a Zacks Rank of 3 (Hold) and a VGM Score of A, indicating a solid position in the market [12] - The Value Style Score for Quest Diagnostics is B, supported by a forward P/E ratio of 17.35, making it attractive for value investors [12] - The Zacks Consensus Estimate for fiscal 2025 earnings has increased to $9.70 per share, with one analyst revising their estimate upwards in the last 60 days [12] Investment Potential - With a strong Zacks Rank and favorable Value and VGM Style Scores, Quest Diagnostics is recommended for investors' consideration [13]
Quest Diagnostics Introduces Testing for Oropouche Virus
Prnewswire· 2025-07-15 11:57
Core Insights - Quest Diagnostics has launched a new diagnostic laboratory test for the Oropouche virus, an emerging disease prevalent in South and Central America and the Caribbean [1][2]. Company Developments - The new test will be available by prescription for clinical purposes by the end of the month, utilizing polymerase chain reaction (PCR) technology for early-stage diagnosis, with serology testing to follow later this quarter [3]. - Quest Diagnostics was awarded contracts by the U.S. Centers for Disease Control and Prevention (CDC) in September 2024 to support testing and laboratory readiness for emerging infectious diseases, including the Oropouche virus [4]. Industry Context - The Oropouche virus is transmitted by infected biting midges and some mosquito species, with a low current threat level in North America, primarily affecting travelers returning from endemic regions [2]. - The virus can cause severe neuroinvasive diseases such as meningitis and encephalitis, although most individuals recover without intervention [2].
Quest Diagnostics: Buy Into Future Patient Demand, At An Undervalued Price Today
Seeking Alpha· 2025-07-15 11:36
Core Insights - Albert Anthony is a Croatian-American business author and media contributor with a focus on financial markets, having over 1,000 followers on Seeking Alpha [1] - He has a non-traditional financial background, previously working as an analyst in the IT sector for Fortune 500 companies [1] - In 2021, he launched his own equities research firm, Albert Anthony & Company, which operates remotely [1] Background and Experience - Albert Anthony grew up in the New York City area and has also lived in Austin, Texas, and Croatia, participating in various business and innovation events [1] - He has completed degrees and ongoing training from institutions like Drew University and the Corporate Finance Institute [1] - In addition to his financial commentary, he has been involved in European casting agencies and has appeared in regional media in Croatia [1] Future Endeavors - A book titled "Financial Markets: The Next Generation" is set to be launched on Amazon in 2025 [1] - A new YouTube show called "Financial Markets with Albert Anthony" is also planned for 2025, where he will provide market commentary [1]
Quest Diagnostics Stock Climbs 27.3% in a Year: What's Fueling It?
ZACKS· 2025-07-07 13:01
Core Insights - Quest Diagnostics (DGX) has experienced a significant share price increase of 27.3% over the past year, outperforming the industry and S&P 500 [1][8] - The company is currently rated Zacks Rank 2 (Buy) and is benefiting from investments in Advanced Diagnostics, which enhance patient care and drive growth [2] Company Overview - Headquartered in Secaucus, NJ, Quest Diagnostics provides a wide range of diagnostic information services and serves as a key provider of reference testing for about half of U.S. hospitals [3] - The company aims for annual revenue growth of 1-2% through targeted acquisitions [3] Growth Catalysts - The growth of Quest Diagnostics is primarily driven by its strength in Advanced Diagnostics, particularly in areas such as cardiometabolic, autoimmune, brain health, oncology, and women's health [4] - There is robust demand for Alzheimer's disease risk detection blood tests, and the company plans to introduce new biomarkers for better assessment of dementia [4] - The company has expanded its women's health offerings with a new self-collection option for HPV cervical cancer screening [4] - Quest Diagnostics anticipates revenue generation from its Haystack minimal-residual disease (MRD) test this year [4] Acquisitions and Partnerships - In 2024, the company completed eight acquisitions, including LifeLabs in Canada and Allina Health, to maximize productivity [5] - New health plan partnerships with Elevance Health and Sentara Health Plans are expected to drive volume and revenue gains [6] - Quest Diagnostics became the first independent national lab selected for the Optum Health preferred lab network, gaining access to over 85,000 physicians [6] Operational Efficiency - The company targets 3% annual cost savings and productivity improvements through its Invigorate cost-savings program [9] Financial Estimates - The Zacks Consensus Estimate for Quest Diagnostics' 2025 and 2026 earnings per share (EPS) is projected to increase by 8.6% and 8.2%, reaching $9.70 and $10.50 respectively [11] - Revenues for 2025 are expected to grow by 9.2% to $10.78 billion, followed by a 3.7% increase to $11.19 billion in 2026 [11]