Quest Diagnostics (NYSE: DGX ) reported earnings on Jan. 23. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Quest Diagnostics missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue contracted and GAAP earnings per share dropped significantly.
Margins shrank across the board.
Quest Diagnostics logged revenue of $1.77 billion. The 20 analysts polled by S&P Capital IQ predicted revenue of $1.81 billion on the same basis. GAAP reported sales were 5.6% lower than the prior-year quarter's $1.88 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $1.01. The 23 earnings estimates compiled by S&P Capital IQ predicted $1.06 per share. GAAP EPS of $0.34 for Q4 were 71% lower than the prior-year quarter's $1.18 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 39.5%, 300 basis points worse than the prior-year quarter. Operating margin was 14.9%, 310 basis points worse than the prior-year quarter. Net margin was 3.1%, 700 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $1.91 billion. On the bottom line, the average EPS estimate is $1.12.
Next year's average estimate for revenue is $7.55 billion. The average EPS estimate is $4.83.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 545 members out of 579 rating the stock outperform, and 34 members rating it underperform. Among 188 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 182 give Quest Diagnostics a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Quest Diagnostics is hold, with an average price target of $62.08.
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