LH Earnings Prediction
The chart below shows how LH performed 10 days before and after its earnings report, based on data from the past quarters. Typically, LH sees a -1.54% change in stock price 10 days leading up to the earnings, and a +0.59% change 10 days following the report. On the earnings day itself, the stock moves by +0.01%. This data can give you a slight idea of what to expect for the next quarter's release.
LH Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
3.28B
7.37%
1.90%
Gross Margin
25.62%
-1.54%
-4.51%
Operating Margin
8.29%
-6.12%
-12.83%
Net Margin
5.17%
-13.98%
-18.97%
EPS
2.01
-4.74%
-17.62%
No Data Available
LH Earnings Analysis
Labcorp Holdings Inc. Corporation (LH.N) Earnings Conference Call
Positive
Quarterly Revenue Increase: Revenue for the quarter was $3.3 billion, an increase of 7.4% compared to last year, primarily due to organic base business growth and the impact from acquisitions.
Base Business Growth Analysis: The base business grew 8% compared to the base business last year, driven primarily by organic growth of 4.8%.
Quarterly Operating Income Analysis: Operating income for the quarter was $254 million, or 7.7% of revenue, or 13.4% on an adjusted basis.
Adjusted EPS Increase: Adjusted EPS of $3.50 was up 4% from last year.
Backlog and Revenue Conversion: We ended the quarter with a backlog of $8.1 billion, and we expect approximately $2.6 billion of this backlog to convert into revenue over the next 12 months.
Negative
Net Income Decline: The company reported a net income of $170 million, which is a decrease from the previous year, indicating a decline in profitability.
Quarterly Operating Income Analysis: Operating income for the quarter was $254 million, representing a 7.7% margin, which is lower than expected due to restructuring charges of $105 million.
Book-to-Bill Ratio Decline: The trailing 12-month book-to-bill ratio was 1.02, suggesting a slowdown in new orders compared to previous quarters.
Early Development Revenue Decline: The company faced a decline in early development revenue by 11%, primarily due to higher-than-normal cancellations in prior periods.
Operating Income Decline: The adjusted operating income was $441 million, down from $424 million last year, reflecting increased personnel costs and losses from the acquisition of Invitae.
LH FAQs
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LH Earning Call Sentiment
Labcorp Holdings Inc. (LH) Q3 2024 Earnings Call Transcript
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LH.N
-1.21%Positive
The earnings call summary reflects stable financial performance with positive growth in diagnostics and biopharma revenues, alongside strong cash flow and manageable debt. Despite some margin pressures, management provided optimistic guidance for growth and profitability, particularly highlighting the accretive potential of the Invitae acquisition. The Q&A section reveals analyst concerns about vague responses on headwinds and tailwinds, but overall sentiment remains positive with expectations of continued growth. The combination of strong earnings, optimistic guidance, and positive analyst sentiment suggests a positive stock price movement.
