The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Covance's revenues will increase 7.3% and EPS will increase 20.0%.
The average estimate for revenue is $569.3 million. On the bottom line, the average EPS estimate is $0.72.
Last quarter, Covance reported revenue of $562.2 million. GAAP reported sales were 5.6% higher than the prior-year quarter's $532.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.73. GAAP EPS of $0.61 for Q4 were 79% higher than the prior-year quarter's $0.34 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 28.9%, 130 basis points worse than the prior-year quarter. Operating margin was 8.8%, 10 basis points worse than the prior-year quarter. Net margin was 6.0%, 200 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $2.34 billion. The average EPS estimate is $3.04.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 311 members out of 319 rating the stock outperform, and eight members rating it underperform. Among 110 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 109 give Covance a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Covance is outperform, with an average price target of $54.88.
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