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 grow 2.6% and EPS will increase 15.1%.

The average estimate for revenue is $1.44 billion. On the bottom line, the average EPS estimate is $1.75.

Revenue details
Last quarter, Laboratory Corp. of America Holdings booked revenue of $1.42 billion. GAAP reported sales were 4.0% higher than the prior-year quarter's $1.37 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 $1.61. GAAP EPS of $1.63 for Q1 were 33% higher than the prior-year quarter's $1.23 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 40.5%, 100 basis points worse than the prior-year quarter. Operating margin was 19.9%, 60 basis points better than the prior-year quarter. Net margin was 11.4%, 210 basis points better than the prior-year quarter.

Looking ahead
The full year's average estimate for revenue is $5.72 billion. The average EPS estimate is $6.93.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 677 members out of 695 rating the stock outperform, and 18 members rating it underperform. Among 213 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 212 give Laboratory Corp. of America Holdings a green thumbs-up, and one gives 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 $96.17.

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