Sell-side Wall Street brokerage firms are projecting that Quest Diagnostics Incorporated (NYSE:DGX) will post earnings of $1.17 per share when the company releases their quarterly report today.
Most recently Quest Diagnostics Incorporated (NYSE:DGX) reported a surprise factor of 13.68%. The actual number was $0.16 away from the Zacks consensus just prior to the actual release. A significant surprise factor can lead to stock swings in the price in the hours and days following the earnings report.
Projected Stock Movement
Research analysts covering shares of Quest Diagnostics Incorporated (NYSE:DGX) are anticipating on a consensus basis that the stock will reach $105.428 within the next 52 weeks. Of the analysts providing short term targets, the most bullish analyst has a $122 target on the stock. On the other end, the most conservative has a short term target of $87. This is based on the 14 analysts taken into consideration by Zacks. The consensus price target was last revised on 2017-07-21.
Zacks also provides a simplified scale for analyst recommendations. They use a one to five scale where they translate brokerage firm Buy/Sell/Hold recommendations into an average broker rating. A low number in the 1-2 range typically indicates a Buy, 3 represents a Hold and 4-5 represents a consensus Sell rating. Quest Diagnostics Incorporated (NYSE:DGX) currently has an ABR of 2.57 heading into today’s announcement. This number is also based on the 14 sell-side firms polled by Zacks.
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This article is informational purposes only and should not be considered a recommendation to buy or sell Quest Diagnostics Incorporated.