Analyst Consensus ?
ConsensusBuy34 ratings
Bullish2573.5%
Neutral926.5%
Bearish00.0%
Labcorp Holdings Inc. · LH · FY2025 Q3 · Calendar Q4 2025
Labcorp: Growth and Margin Expansion Continue, With PAMA Risk Ahead
The current analysis supports a constructive but qualified view: Labcorp’s organic demand, specialty mix, integration work, and efficiency initiatives are supporting growth and margins. The case depends on execution against acquisitions and new tests while offsetting PAMA, Early Development, currency, and regulatory risks.
Reported Before market openNYSEHealthcare
$25.30B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$4.18
Consensus $4.13
EPS surprise
+1.2%
Reported versus consensus
Reported revenue
$3.56B
Consensus $3.56B
Revenue surprise
+0.2%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-5.8%
Event window
SPY move
+0.3%
Same window
Abnormal move
-6.1%
Stock minus SPY
Volume
3.7×
Versus trailing sessions
Subsequent drift
+3.9%
Up to 20 sessions
LHSPY benchmark
Ask FN2 about LH FY2025 Q3
Transcript, numbers and history already loaded
Why did LH fall 5.8% after beating EPS estimates in FY2025 Q3?What changed in LH's guidance and outlook in FY2025 Q3?Give me the bull and bear case for LH after FY2025 Q3 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Relative to the prior quarter, the analysis shifts from a guidance raise to maintained guidance with a narrower outlook. The current quarter adds further acquisition plans, site consolidations, AI-enabled tools, and new specialty and consumer-testing launches, while PAMA and Early Development remain key offsets.
Guidance delta
Guidance was maintained, with the range narrowed to 7.4–8% enterprise revenue growth and adjusted EPS of $16.15–$16.50.
Key takeaways
- Management described double-digit revenue and EPS growth, with 100 basis points of margin expansion and strong free cash generation.
- Diagnostics demand, mix improvement, Invitae integration, specialty testing, and LaunchPad savings supported the quarter.
- Acquisitions and site consolidations are intended to streamline operations and add growth, but integration timing remains a risk.
- The product pipeline spans oncology, genetics, neurology, Alzheimer’s testing, consumer testing, and AI-enabled tools.
Management priorities
- Close the announced acquisitions and pursue integration synergies.
- Expand specialty testing in oncology, neurology, autoimmune disease, and related areas.
- Advance AI capabilities including Labcorp Test Finder and digital pathology with Roche.
- Grow consumer-initiated testing through Labcorp OnDemand and partner platforms.
- Continue developing new genetic and Alzheimer’s testing offerings.
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Try FN2 freeEarnings History
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Beat
Miss
Match
Analyst 52W Price Targets
$308.49Current
$240Low
$314.32Average
$380High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 5, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Truist Securities | Buy | Buy | Maintain | Sep 21, 2026 |
| UBS | Buy | Buy | Maintain | Sep 11, 2026 |
| Barclays | Equal Weight | Equal Weight | Maintain | Sep 11, 2026 |
| Piper Sandler | Neutral | Neutral | Maintain | Aug 4, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Aug 3, 2026 |
| Morgan Stanley | Overweight | Overweight | Maintain | Jul 31, 2026 |
| Baird | Outperform | Outperform | Maintain | Jul 13, 2026 |
| B of A Securities | Buy | Buy | Maintain | Jul 13, 2026 |
| Evercore ISI Group | Outperform | Outperform | Maintain | Apr 8, 2026 |
| Mizuho | Outperform | Outperform | Maintain | Oct 17, 2025 |
| Citigroup | Buy | Neutral | Upgrade | Mar 4, 2025 |
| Jefferies | Buy | Buy | Maintain | Feb 6, 2025 |
| HSBC | Buy | Hold | Upgrade | Oct 30, 2024 |
| Deutsche Bank | Hold | Hold | Maintain | Aug 2, 2024 |
| Argus Research | Buy | Hold | Upgrade | Mar 25, 2024 |
| Wells Fargo | Overweight | Overweight | Maintain | Aug 14, 2023 |
| Credit Suisse | Outperform | Outperform | Maintain | Aug 2, 2023 |
| Wolfe Research | Outperform | Peer Perform | Upgrade | Jul 13, 2020 |
| SunTrust Robinson Humphrey | Buy | Buy | Maintain | May 21, 2020 |
| KeyBanc | Overweight | Overweight | Maintain | Mar 30, 2020 |
| Bank of America | Neutral | Underperform | Upgrade | Jul 16, 2019 |
| Canaccord Genuity | Hold | Hold | Maintain | May 2, 2019 |
| Goldman Sachs | Buy | Conviction Buy | Downgrade | Nov 30, 2018 |
| Argus | Hold | Buy | Downgrade | Oct 30, 2018 |
| JMP Securities | Outperform | Market Outperform | Maintain | Mar 27, 2015 |
| Maxim Group | Buy | Buy | Maintain | Mar 24, 2015 |
| PiperJaffray | Overweight | Neutral | Upgrade | Feb 23, 2015 |
| Raymond James | Outperform | Underperform | Upgrade | Jan 2, 2015 |
| FBR Capital | Market Perform | Market Perform | Maintain | Oct 28, 2014 |
| William Blair | Outperform | Market Perform | Upgrade | Jul 17, 2014 |
| Cantor Fitzgerald | Buy | Buy | Maintain | May 9, 2014 |
| ISI Group | Neutral | Neutral | Maintain | Nov 19, 2013 |
| Craig-Hallum | Buy | Buy | Maintain | Aug 28, 2013 |
| Oppenheimer | Perform | Perform | Maintain | Jan 28, 2013 |
Named analyst price targets
Upside is calculated against the persisted current price $308.49. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Truist Financial | David MacDonald | $365 | $320.71 | +18.3% | Sep 21, 2026 |
| UBS | Kevin Caliendo | $380 | $307.42 | +23.2% | Sep 11, 2026 |
| Barclays | Analyst unavailable | $330 | $306.96 | +7.0% | Sep 11, 2026 |
| Mizuho Securities | Ann Hynes | $355 | $319.17 | +15.1% | Aug 10, 2026 |
| Morgan Stanley | Analyst unavailable | $338 | $308.64 | +9.6% | Jul 31, 2026 |
| Deutsche Bank | Analyst unavailable | $306 | $308.7 | -0.8% | Jul 31, 2026 |
| Robert W. Baird | Analyst unavailable | $352 | $315.53 | +14.1% | Jul 31, 2026 |
| Barclays | Analyst unavailable | $320 | $315.82 | +3.7% | Jul 30, 2026 |
| Robert W. Baird | Eric Coldwell | $334 | $255.97 | +8.3% | May 1, 2026 |
| Evercore ISI | Analyst unavailable | $300 | $274.72 | -2.8% | Apr 8, 2026 |
| Piper Sandler | David Westenberg | $300 | $285.3 | -2.8% | Feb 24, 2026 |
| Robert W. Baird | Analyst unavailable | $326 | $276.67 | +5.7% | Feb 18, 2026 |
| Robert W. Baird | Analyst unavailable | $313 | $259.18 | +1.5% | Jan 14, 2026 |
| UBS | Kevin Caliendo | $320 | $253.74 | +3.7% | Oct 29, 2025 |
| Robert W. Baird | Analyst unavailable | $304 | $259.69 | -1.5% | Oct 29, 2025 |
| Leerink Partners | Michael Cherny | $342 | $261.62 | +10.9% | Oct 28, 2025 |
| UBS | Analyst unavailable | $325 | $285.93 | +5.4% | Oct 17, 2025 |
| Mizuho Securities | Ann Hynes | $320 | $283.71 | +3.7% | Oct 17, 2025 |
| Truist Financial | Analyst unavailable | $320 | $278.42 | +3.7% | Oct 14, 2025 |
| Evercore ISI | Analyst unavailable | $305 | $279.44 | -1.1% | Oct 3, 2025 |
| Barclays | Analyst unavailable | $290 | $279.06 | -6.0% | Oct 2, 2025 |
| Robert W. Baird | Analyst unavailable | $311 | $276.11 | +0.8% | Aug 25, 2025 |
| UBS | Kevin Caliendo | $305 | $264.96 | -1.1% | Jul 25, 2025 |
| Barclays | Analyst unavailable | $275 | $258.7 | -10.9% | Jun 25, 2025 |
| Barclays | Luke Sergott | $271 | $247.86 | -12.2% | Feb 3, 2025 |
| Evercore ISI | Elizabeth Anderson | $240 | $224.72 | -22.2% | Sep 24, 2024 |
| Jefferies | Brian Tanquilut | $265 | $222.22 | -14.1% | Sep 23, 2024 |
| Bank of America Securities | Michael Ryskin | $260 | $236 | -15.7% | Aug 5, 2024 |
| Robert W. Baird | Eric Coldwell | $277 | $235.67 | -10.2% | Aug 2, 2024 |
| Argus Research | David Toung | $250 | $212.5 | -19.0% | Mar 25, 2024 |
| Morgan Stanley | Analyst unavailable | $303 | $241.42 | -1.8% | Jan 6, 2023 |
| Credit Suisse | Analyst unavailable | $305 | $238 | -1.1% | Nov 23, 2022 |
| Mizuho Securities | Analyst unavailable | $296 | $254.72 | -4.0% | Jul 29, 2022 |
| Deutsche Bank | Analyst unavailable | $265 | $245.45 | -14.1% | May 3, 2022 |
| Credit Suisse | Analyst unavailable | $312 | $240.28 | +1.1% | May 2, 2022 |
| Wells Fargo | Analyst unavailable | $315 | $266.12 | +2.1% | Apr 25, 2022 |
| Bank of America Securities | Derik de Bruin | $370 | $276.26 | +19.9% | Feb 11, 2022 |
| Deutsche Bank | Pito Chickering | $294 | $270.08 | -4.7% | Jan 28, 2022 |
| Truist Financial | David S Macdonald | $350 | $296.15 | +13.5% | Jul 30, 2021 |
| Argus Research | Jasper Hellweg | $295 | $269.61 | -4.4% | May 20, 2021 |
Track every rating change on LH the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationLabcorp Holdings, Inc. offers vital diagnostic laboratory services, enabling medical professionals, healthcare facilities, pharmaceutical firms, scientific investigators, and patients to make well-informed and confident choices. The company commenced operations on April 16, 2024, and its main office is situated in Burlington, NC.
Historical context
All LH earningsHealthcare peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| COO The Cooper Companies, Inc. | FY2026 Q3 · Calendar Q3 2026 | +2.7% | -14.7% | CooperCompanies beats expectations as inventory reduction weighs on vision revenue |
| MDT Medtronic plc | FY2027 Q1 · Calendar Q3 2026 | +4.3% | +1.5% | Medtronic raises FY27 outlook as growth broadens across platforms |
Latest beats and misses
Who reports nextBeat on EPS
- ACNFY2026 Q4 · October 1, 2026+3.5% EPS+15.8% move
- MKCFY2026 Q3 · October 1, 2026+13.9% EPS-4.9% move
- NKEFY2027 Q1 · October 1, 2026+10.0% EPS-0.7% move
- CAGFY2027 Q1 · September 30, 2026+44.4% EPS-4.9% move
- FDSFY2026 Q4 · September 30, 2026+3.9% EPS+3.8% move
- JBLFY2026 Q4 · September 30, 2026+8.1% EPS-10.0% move
Get the LH recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-10-05T03:30:44.674357+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-05T03:30:44.671180+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-05. For educational purposes only; not investment advice.