earnings
confidence high
sentiment positive
materiality 0.75
Quest Diagnostics raises FY2022 guidance after Q1 base business grows 6.3%; adjusted EPS $3.22
QUEST DIAGNOSTICS INC
2022-Q1 EPS reported
$2.92
revenue$2,611,000,000
- Q1 net revenues $2.61B (-4.0% YoY); base business revenues $2.01B (+6.3% YoY); COVID revenues $599M (-27.6%).
- Reported diluted EPS $2.92 (-15.6%); adjusted diluted EPS $3.22 (-14.4%).
- Full year 2022 guidance raised: reported EPS $7.88-$8.38; adjusted EPS $9.00-$9.50; revenues $9.2B-$9.5B.
- Cash from operations $480M (-34.2%); capex $63M (-26.7%).