LabCorp Analysts Boost Their Forecasts After Better-Than-Expected Earnings
Portfolio Pulse from Avi Kapoor
LabCorp Holdings Inc (NYSE:LH) reported better-than-expected Q2 2024 earnings and raised its FY24 revenue guidance. Adjusted EPS was $3.94, beating the consensus of $3.78, and sales increased 6.2% to $3.22 billion. Despite slashing its EPS outlook, the company raised its revenue growth outlook. Analysts from Truist Securities, Baird, and Barclays raised their price targets for LabCorp.
August 02, 2024 | 3:31 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
LabCorp reported strong Q2 2024 earnings, beating EPS and revenue expectations. The company raised its FY24 revenue guidance but lowered its EPS outlook. Analysts from Truist Securities, Baird, and Barclays raised their price targets for the stock.
LabCorp's better-than-expected earnings and raised revenue guidance are positive indicators for the stock. Despite a slight reduction in EPS outlook, the overall financial performance and increased analyst price targets suggest a positive short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100