Laboratory Corp. of America Holdings (NYSE: LH) is expected to report Q2 earnings around July 19. Here's what Wall Street wants to see:

The 10-second takeaway
 Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Laboratory Corp. of America Holdings's revenues will expand 2.5% and EPS will grow 1.7%.

The average estimate for revenue is $1.46 billion. On the bottom line, the average EPS estimate is $1.80.

Revenue details
 Last quarter, Laboratory Corp. of America Holdings recorded revenue of $1.44 billion. GAAP reported sales were 1.2% higher than the prior-year quarter's $1.42 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 Last quarter, non-GAAP EPS came in at $1.74. GAAP EPS of $1.56 for Q1 were 4.3% lower than the prior-year quarter's $1.63 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
 For the preceding quarter, gross margin was 39.7%, 80 basis points worse than the prior-year quarter. Operating margin was 18.7%, 120 basis points worse than the prior-year quarter. Net margin was 10.2%, 120 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $5.79 billion. The average EPS estimate is $7.08.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 655 members out of 676 rating the stock outperform, and 21 members rating it underperform. Among 215 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 211 give Laboratory Corp. of America Holdings a green thumbs-up, and four give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Laboratory Corp. of America Holdings is hold, with an average price target of $94.21.

Is Laboratory Corp. of America Holdings the best health care stock for you? Learn how to maximize your investment income and "Secure Your Future With 9 Rock-Solid Dividend Stocks," including one above-average health care logistics company. Click here for instant access to this free report.