Laboratory Corp (NYSE:LH) reported its Q1 earnings results on Thursday, April 28, 2022 at 06:45 AM.
Here's what investors need to know about the announcement.
Earnings
Laboratory Corp beat estimated earnings by 2.17%, reporting an EPS of $6.11 versus an estimate of $5.98.
Revenue was down $262.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.98 which was followed by a 2.1% drop in the share price the next day.
Here's a look at Laboratory Corp's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 5.79 | 4.92 | 5.57 | 7.42 |
| EPS Actual | 6.77 | 6.82 | 6.13 | 8.79 |
| Revenue Estimate | 3.90B | 3.65B | 3.61B | 3.92B |
| Revenue Actual | 4.06B | 4.06B | 3.84B | 4.16B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Laboratory Corp management provided guidance for FY 2022, expecting earnings between $18.25 and $21.0 per share.
To track all earnings releases for Laboratory Corp visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
