Having beaten analysts' expectations in each of the last five quarters, LabCorp (NYSE:LH) will announce on Thursday whether the streak is alive or snapped.
Analysts currently expect LabCorp to come in with earnings of $1.78 per share on revenues of $1.44 billion. Estimates from analysts range from $1.66 per share to $1.82 per share. Over the past three months, the average estimate has moved down from $1.80.
Last Quarter's Results
In the first quarter, profit rose 27.1% to $161.6 million ($1.63 a share) from $127.1 million ($1.23 a share) the year earlier, exceeding analyst expectations. Revenue rose 4% to $1.42 billion from $1.37 billion.
Analyst sentiment has been improving recently, as the average rating risen slightly over the past three months.
The stock fell $3.93 per share between May 29, 2012 and June 1, 2012.
Company Fundamental Trends
Reporting Period: 2Q
Date of Release: Thursday, July 19, 2012 before market open
Revenue Estimate: $1.44 billion
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)