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News

Labcorp Adjusts FY24 Outlook: Cuts Adj. EPS Guidance From $14.45-$15.35 To $14.30-$14.90 Vs. $14.82 Estimate, Raises Revenue Growth Outlook From 4.8%-6.4% To 6.4%-7.5% Vs. $12.83B Estimate

Author: Benzinga Newsdesk | August 01, 2024 07:16am

(Dollars in billions, except per share data)


 

 

 

 

 

 

Previous


 

Updated


 

 

Invitae Impact


 

Results


 

2024 Guidance


 

2024 Guidance


 

 

In Guidance


 

 

 

 

 

 

 

 

 

 

 

 

2023


 

Low

High


 

Low

High


 

 

at Midpoint

Revenue


 

 

 

 

 

 

 

 

 

 

Labcorp Enterprise (1)(2)

$12.2


 

4.8 %

6.4 %


 

6.4 %

7.5 %


 

 

1.0 %

Diagnostics Laboratories

$9.4


 

4.8 %

6.0 %


 

6.9 %

7.9 %


 

 

1.3 %

Biopharma Laboratory Services (3)

$2.8


 

3.7 %

5.7 %


 

3.7 %

5.0 %


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Adjusted EPS

$13.56


 

$14.45

$15.35


 

$14.30

$14.90


 

 

($0.40)


 

 

 

 

 

 

 

 

 

 

 

Free Cash Flow from Cont. Ops(4)

$0.89


 

$1.00

$1.15


 

$0.85

$1.00


 

 

($0.15)


 

 

 

 

 

 

 

 

 

 
 

Posted In: LH

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