Quest Diagnostics DGX will be releasing its next round of earnings this Thursday, July 22. For all of the relevant information, here is your guide for Thursday's Q2 earnings announcement.
What Are Earnings, Net Income, And Earnings Per Share?
Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.
Earnings And Revenue
Analysts predict Quest Diagnostics will report earnings of $2.86 per share on revenue of $2.38 billion. Quest Diagnostics EPS in the same period a year ago totaled $1.42. Sales were $1.83 billion.
Why Analyst Estimates And Earnings Surprises Are Important
Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin.
The Wall Street consensus estimate for earnings would represent a 101.41% increase for the company. Revenue would be up 30.27% from the year-ago period. Here is how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q1 2021 | Q4 2020 | Q3 2020 | Q2 2020 |
|---|---|---|---|---|
| EPS Estimate | 3.71 | 4.24 | 3.73 | 1.41 |
| EPS Actual | 3.76 | 4.48 | 4.31 | 1.42 |
| Revenue Estimate | 2.64 B | 2.93 B | 2.73 B | 1.52 B |
| Revenue Actual | 2.72 B | 3.00 B | 2.79 B | 1.83 B |
Want Real-Time Earnings Calendar Updates?
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Stock Performance
Over the last 52-week period, shares are up 7.01%. Given that these returns are generally positive, long-term shareholders can relax going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.
Do not be surprised to see the stock move on comments made during its conference call. Quest Diagnostics is scheduled to hold the call at 08:30:00 ET and can be accessed here.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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