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Compared to Estimates, Labcorp (LH) Q3 Earnings: A Look at Key Metrics

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For the quarter ended September 2026, Labcorp Holdings (LH - Free Report) reported revenue of $3.81 billion, up 6.9% over the same period last year. EPS came in at $4.78, compared to $4.18 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $3.77 billion, representing a surprise of +1.13%. The company delivered an EPS surprise of +2.8%, with the consensus EPS estimate being $4.65.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Labcorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Net book-to-bill Ratio ( TTM Book-to-Bill): 1.1% compared to the 1% average estimate based on two analysts.
  • Revenues- Biopharma Laboratory Services: $866.7 million versus the three-analyst average estimate of $830.24 million. The reported number represents a year-over-year change of +8.5%.
  • Revenues- Diagnostics Laboratories: $2.95 billion versus the three-analyst average estimate of $2.94 billion. The reported number represents a year-over-year change of +6.5%.
  • Adjusted Operating Income- Diagnostics Laboratories: $491.6 million versus $489.04 million estimated by two analysts on average.
  • Adjusted Operating Income- Unallocated corporate expense: $-80.6 million versus the two-analyst average estimate of $-78.5 million.
  • Adjusted Operating Income- Biopharma Laboratory Services: $159 million compared to the $143.15 million average estimate based on two analysts.

View all Key Company Metrics for Labcorp here>>>

Shares of Labcorp have returned +7.2% over the past month versus the Zacks S&P 500 composite's -0.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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