Quest Diagnostics (NYSE:DGX) reported its Q4 earnings results on Thursday, February 3, 2022 at 06:45 AM.
Here's what investors need to know about the announcement.
Earnings
Quest Diagnostics beat estimated earnings by 5.05%, reporting an EPS of $3.33 versus an estimate of $3.17, which did not surprise analysts.
Revenue was up $258.00 million from the same period last year.
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Past Earnings Performance
Last quarter the company beat on EPS by $1.09, which was followed by a 0.78% increase in the share price the next day.
Here's a look at Quest Diagnostics's past performance:
| Quarter | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 |
|---|---|---|---|---|
| EPS Estimate | 2.87 | 2.86 | 3.71 | 4.24 |
| EPS Actual | 3.96 | 3.18 | 3.76 | 4.48 |
| Revenue Estimate | 2.45B | 2.38B | 2.64B | 2.93B |
| Revenue Actual | 2.77B | 2.55B | 2.72B | 3.00B |
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
Quest Diagnostics management provided guidance for their next quarter, expecting earnings between $8.65 and $9.35 per share for the next quarter.
This represents a 170.27% in quarter-over-quarter growth for Quest Diagnostics, a bullish signal to many investors.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
