Labcorp (LH) Reports Next Week: Wall Street Expects Earnings Growth

Core Viewpoint - Wall Street anticipates a year-over-year increase in Labcorp's earnings driven by higher revenues, with the actual results being crucial for stock price movement [1] Earnings Expectations - Labcorp is expected to report quarterly earnings of $3.49 per share, reflecting a year-over-year increase of 3.3% [2] - Revenue projections stand at $3.26 billion, indicating a 6.7% increase from the same quarter last year [2] Estimate Revisions - The consensus EPS estimate has been revised down by 0.76% over the last 30 days, indicating a reassessment by analysts [3] Earnings Surprise Prediction - The Zacks Earnings ESP model shows that Labcorp's Most Accurate Estimate is lower than the consensus estimate, resulting in an Earnings ESP of -0.65%, suggesting bearish sentiment among analysts [4][6] - A positive Earnings ESP is generally a strong predictor of an earnings beat, especially when combined with a favorable Zacks Rank [5] Historical Performance - In the last reported quarter, Labcorp exceeded expectations by posting earnings of $3.94 per share against an expected $3.78, achieving a surprise of 4.23% [7] - Over the past four quarters, Labcorp has consistently beaten consensus EPS estimates [7] Conclusion - Labcorp does not currently appear to be a strong candidate for an earnings beat based on the Earnings ESP and Zacks Rank, but other factors should also be considered for investment decisions [8]