Tag Archives: Quest Diagnostics

Quest Diagnostics (DGX) Earnings Projected to Drop

By Narrative Science Analysts are looking for decreased profit for Quest Diagnostics when the company reports its results for the second quarter on Thursday, July 18, 2013. Quest Diagnostics reported profit of $1.17 a year ago, but the consensus estimate calls for earnings per share of $1.09 this time around. …read more

Source: FULL ARTICLE at Forbes Markets

Forbes Earnings Preview: Quest Diagnostics

By Narrative Science Wall Street is expecting lower profit for Quest Diagnostics (DGX) when the company reports its first quarter results on Wednesday, April 17, 2013. Analysts are expecting earnings per share of $1.04 after the company booked a profit of $1.07 a share a year earlier.

From: http://www.forbes.com/sites/narrativescience/2013/04/12/forbes-earnings-preview-quest-diagnostics-6/

Should Incyte Investors Be Panicked?

By David Williamson, The Motley Fool

Filed under:

Shares of biotech Incyte came down hard today, after news that the company’s drug Jakafi may have weakened the immune system of one patient in the U.K. enough to allow a rare type of viral brain disease to take hold, which proved fatal. Will this be fatal for the stock as well? In this video, Motley Fool health-care analyst David Williamson gives investors some advice that may temper their panic a bit.

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The article Should Incyte Investors Be Panicked? originally appeared on Fool.com.


David Williamson has no position in any stocks mentioned. The Motley Fool recommends Gilead Sciences and Quest Diagnostics. Try any of our Foolish newsletter services free for 30 days. We Fools don’t all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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Source: FULL ARTICLE at DailyFinance

Medicare Cuts, Flat Pricing Dampen Quest's Outlook

By Zacks.com, Contributor

Quest Diagnostics, (DGX) a leading provider of medical diagnostic testing services, reported a lackluster fourth quarter 2012 on January 23 with adjusted EPS of $1.01, down 15.8% year-over-year, missing the Zacks Consensus Estimate by $0.05. Fourth quarter results for Quest (Analyst Report) were of particular concern when seen from the top line. Year-over-year sales declined 4% primarily due to 4.4% drop in diagnostic information services revenues that accounts for over 90% of total revenues of the company. Adjusted operating margin in the quarter contracted 232 basis points (bps) to 15.98%. Additionally, analysts are concerned about DGX‘s guidance for 2013 given market and competitive challenges. Quest’s expected revenue growth for the upcoming fiscal quarter is to remain within a band as low as 0% to 1%, missing the Zacks Consensus Estimate of $7.5 billion that represents annualized growth rate of 1.4%. Special Offer: Stock picks from Forbes Dividend Investor are up 11.7% vs. 7.4% for identically timed buys of the S&P 500 index since July. Average yield on buys is 5.8%. Click here now to try Forbes Dividend Investor free for 30 days. The current market environment continued to remain challenging for Quest Diagnostics in the form of commercial pricing pressures and Medicare cuts (including recent pathology service reimbursement reduction), which may lead to a 3% reimbursement decline in 2013. Apart from this challenging underlying market conditions, Quest is also witnessing several issues in the form of weak volume growth, flat pricing and low organic revenue. Although the last published data showed inching up of physician office visits after a consistent decline since 2008, the sustainability of this improvement is still uncertain. After analyzing the reasons behind the fourth quarter debacle and the conservative outlook, Zacks analysts downgraded the stock to Underperform on February 1 and lowered their estimates for 2013 and 2014. They also lowered their 2013 and 2014 revenue estimates by $153 million and $194 million, respectively. Correspondingly, EPS estimates were lowered for 2013 and 2014 by 45 and 37 cents to $3.96 and $4.34, respectively. These actions are consistent with the trend among other covering analysts as you can see from the Price & Consensus chart below which shows consensus EPS estimates and their changes in magnitude and direction over time. Finally, from a technical view of the chart, the stock is stuck underneath its 50- and 200-day moving averages. A break of $56 will probably bring a test of the 52-week low near $53. And even though we are talking about a company with a forward P/E of just 13X, until the revenue and earnings picture is clearer for Quest, it’s probably best to wait for another quarter before considering this name on the long side. Kevin Cook is a senior stock strategist with Zacks.com …read more
Source: FULL ARTICLE at Forbes Latest