Post by dnr08 on Apr 29, 2021 11:19:40 GMT
When you have the right people in leadership, shareholders make money. Pretty damn simple. Perhaps those in the "sainthood-for-Frost" camp should note some of the details below, and compare to our results.
Why Can Some Labs Make Gobs of Money, AND Grow? Maybe some here should dial into the LH conference call. See how it's done. Info is at the end.
BUS 04/29 10:56 Labcorp Announces 2021 First Quarter Results
BN 04/29 10:58 *LABCORP SEES FY TOTAL LABCORP ENTERPRISE REV UP 2%- 6.5%
BN 04/29 10:57 *LABCORP SEES FY FREE CASH FLOW $1.80M TO $2.00M, EST. $1.91B
BN 04/29 10:56 *LH SEES FY ADJ EPS $20 TO $24.00, SAW $19 TO $23, EST. $21.43
BN 04/29 10:56 *LABCORP RAISES FULL YEAR GUIDANCE
BN 04/29 10:56 *LABCORP RAISES FY GUIDANCE
BN 04/29 10:56 *LABCORP 1Q NET REV. $4.16B, EST. $3.91B
BN 04/29 10:56 *LABCORP 1Q ADJ EPS $8.79, EST. $7.43
Labcorp Boosts FY Adjusted EPS Forecast
2021-04-29 10:59:57.635 GMT
By Luzi Ann Javier and Bloomberg Automation
(Bloomberg) -- Labcorp boosted its adjusted earnings per
share forecast for the full year.
YEAR FORECAST
* Sees adjusted EPS $20 to $24.00, saw $19 to $23,
estimate $21.43 (range $20.50 to $23.30) (Bloomberg Consensus)
* Sees free cash flow $1.80 million to $2.00 million,
estimate $1.91 billion
FIRST QUARTER RESULTS
* Adjusted EPS $8.79 vs. $2.37 y/y, estimate $7.43 (range
$6.18 to $8.97)
* Net revenue $4.16 billion, +47% y/y, estimate $3.91
billion (range $3.75 billion to $4.15 billion)
* Adjusted operating margin 28.4% vs. 12.9% y/y
* Trailing 12-month net book-to-bill ratio 1.47% vs. 1.26%
y/y
* Free cash flow $1.1 billion, estimate $717.6 million
COMMENTARY AND CONTEXT
* Raises FY Guidance
* Raises Full Year Guidance
* Sees FY Total LabCorp Enterprise Rev up 2%- 6.5%
* The company raised its 2021 full year guidance to reflect the
improved recovery in the Diagnostics and Drug Development base
businesses, while the COVID-19 Testing contribution remains
within the original guidance range provided
NOTE
* For Bloomberg Consensus estimates used in this story see: LH
US Equity MODL
* 16 buys, 2 holds, 1 sell
* Call 9am (New York time), 1-877-898-8036 password: 6566853
Why Can Some Labs Make Gobs of Money, AND Grow? Maybe some here should dial into the LH conference call. See how it's done. Info is at the end.
BUS 04/29 10:56 Labcorp Announces 2021 First Quarter Results
BN 04/29 10:58 *LABCORP SEES FY TOTAL LABCORP ENTERPRISE REV UP 2%- 6.5%
BN 04/29 10:57 *LABCORP SEES FY FREE CASH FLOW $1.80M TO $2.00M, EST. $1.91B
BN 04/29 10:56 *LH SEES FY ADJ EPS $20 TO $24.00, SAW $19 TO $23, EST. $21.43
BN 04/29 10:56 *LABCORP RAISES FULL YEAR GUIDANCE
BN 04/29 10:56 *LABCORP RAISES FY GUIDANCE
BN 04/29 10:56 *LABCORP 1Q NET REV. $4.16B, EST. $3.91B
BN 04/29 10:56 *LABCORP 1Q ADJ EPS $8.79, EST. $7.43
Labcorp Boosts FY Adjusted EPS Forecast
2021-04-29 10:59:57.635 GMT
By Luzi Ann Javier and Bloomberg Automation
(Bloomberg) -- Labcorp boosted its adjusted earnings per
share forecast for the full year.
YEAR FORECAST
* Sees adjusted EPS $20 to $24.00, saw $19 to $23,
estimate $21.43 (range $20.50 to $23.30) (Bloomberg Consensus)
* Sees free cash flow $1.80 million to $2.00 million,
estimate $1.91 billion
FIRST QUARTER RESULTS
* Adjusted EPS $8.79 vs. $2.37 y/y, estimate $7.43 (range
$6.18 to $8.97)
* Net revenue $4.16 billion, +47% y/y, estimate $3.91
billion (range $3.75 billion to $4.15 billion)
* Adjusted operating margin 28.4% vs. 12.9% y/y
* Trailing 12-month net book-to-bill ratio 1.47% vs. 1.26%
y/y
* Free cash flow $1.1 billion, estimate $717.6 million
COMMENTARY AND CONTEXT
* Raises FY Guidance
* Raises Full Year Guidance
* Sees FY Total LabCorp Enterprise Rev up 2%- 6.5%
* The company raised its 2021 full year guidance to reflect the
improved recovery in the Diagnostics and Drug Development base
businesses, while the COVID-19 Testing contribution remains
within the original guidance range provided
NOTE
* For Bloomberg Consensus estimates used in this story see: LH
US Equity MODL
* 16 buys, 2 holds, 1 sell
* Call 9am (New York time), 1-877-898-8036 password: 6566853