Analyst Coverage

Firm Analyst Phone
Argus Research Company
David Tuong
Bank of America Merrill Lynch
DerikĀ  de Bruin
Barclays
Jack Meehan
Canaccord Genuity
Mark Massaro
Citi
Ralph Giacobbe
Craig-Hallum
Kevin Ellich
Credit Suisse
Erin Wright
Evercore ISI
Michael Newshel
J.P. Morgan
Lisa Gill
Jefferies & Co.
Brian Tanquilut
KeyBanc Capital Markets
Donald Hooker
Mizuho Securities USA Inc.
Ann Hynes
Morgan Stanley
Ricky Goldwasser
Morningstar Inc,.
Deborah Wang
Piper Jaffray
William Quirk
Robert W. Baird
Eric Coldwell
Suntrust Robinson Humphrey
David MacDonald
UBS
Kevin Caliendo
William Blair & Company, L.L.C.
Matt Larew
Wolfe Research
Stephen Baxter

Quest Diagnostics is followed by the analysts listed above. Please note that any opinions, estimates or forecasts regarding Quest Diagnostics's performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Quest Diagnostics or its management. Quest Diagnostics does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.

Analyst Ratings

Mean Recommendation:

2.53

Sell

Strong Buy

Reference Information - Earnings Per Share

Last Actual (FY0): 6.31
FY0 End Date: 12/1/18
Ind. Annual Div: 2.12
Hist (5 Yr) Growth %: -0.49
Yield (%): 2.07

Analyst Forecasts - Earnings Per Share

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 12/1/21 7.15 7.57 6.85 7.13 9 1 3 -0.73
Annual 12/1/20 6.78 7.02 6.62 6.79 20 -- 5 -0.36
Annual 12/1/19 6.50 6.58 6.40 6.50 19 1 1 --
Quarterly 3/1/20 1.53 1.61 1.42 1.53 12 1 3 -0.96
Quarterly 6/1/20 1.77 1.85 1.67 1.77 12 1 3 -0.35
Quarterly 9/1/19 1.71 1.79 1.65 1.71 16 -- 2 -0.05
Quarterly 12/1/19 1.66 1.72 1.54 1.67 16 2 1 0.05
Long Term Growth 5.58 6.80 4.70 5.42 4 -- -- 0.00

Actuals - Earnings Per Share

Reported Mean Estimate Surprise % Change
Annual 12/1/18 6.31 6.33 -0.38
Annual 12/1/17 5.67 5.65 0.40
Annual 12/1/16 5.15 5.10 0.96
Quarterly 6/1/19 1.73 1.68 3.15
Quarterly 3/1/19 1.40 1.36 2.71
Quarterly 12/1/18 1.36 1.37 -0.52
Quarterly 9/1/18 1.68 1.68 0.19

Reference Information - Book Value Per Share

Last Actual (FY0): 38.64
FY0 End Date: 12/1/18
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - Book Value Per Share

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 12/1/21 61.18 98.33 46.90 49.75 4 1 1 25.72
Annual 12/1/20 45.25 46.18 43.71 45.85 3 2 -- 0.20
Annual 12/1/19 53.45 87.70 40.84 42.64 4 1 1 27.17
Quarterly 3/1/20 41.90 41.90 41.90 41.90 1 1 -- 0.07
Quarterly 6/1/20 42.72 42.72 42.72 42.72 1 1 -- 0.02
Quarterly 9/1/19 40.32 40.32 40.32 40.32 1 -- -- --
Quarterly 12/1/19 41.48 41.48 41.48 41.48 1 1 -- 0.05

Actuals - Book Value Per Share

Reported Mean Estimate Surprise % Change
Annual 12/1/18 38.64 38.66 -0.06
Annual 12/1/17 36.45 44.88 -18.79
Annual 12/1/16 33.78 40.03 -15.60
Quarterly 6/1/19 40.44 38.95 3.82
Quarterly 3/1/19 39.48 38.55 2.41
Quarterly 12/1/18 38.64 38.59 0.12
Quarterly 9/1/18 39.39 -- --

Reference Information - Cash Flow Per Share

Last Actual (FY0): 8.63
FY0 End Date: 12/1/18
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - Cash Flow Per Share

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 12/1/21 10.66 12.48 9.18 10.49 4 -- 2 -2.00
Annual 12/1/20 9.90 11.82 9.03 9.69 5 -- 2 -1.64
Annual 12/1/19 9.86 11.45 9.10 9.63 5 1 1 -1.42
Quarterly 3/1/20 2.46 2.71 2.21 2.46 2 -- 2 -4.00
Quarterly 6/1/20 2.79 3.09 2.49 2.79 2 -- 2 -3.73
Quarterly 9/1/19 2.77 3.01 2.41 2.83 4 -- 1 -1.69
Quarterly 12/1/19 2.35 2.97 1.65 2.39 4 1 1 -1.70

Actuals - Cash Flow Per Share

Reported Mean Estimate Surprise % Change
Annual 12/1/18 8.63 8.55 0.93
Annual 12/1/17 9.00 9.27 -2.86
Annual 12/1/16 7.53 7.36 2.27
Quarterly 6/1/19 2.36 2.67 -11.44
Quarterly 3/1/19 2.02 2.35 -13.88
Quarterly 12/1/18 2.19 2.39 -8.24
Quarterly 9/1/18 2.89 3.53 -18.13

Reference Information - Dividend Per Share

Last Actual (FY0): 2.00
FY0 End Date: 12/1/18
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - Dividend Per Share

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 12/1/21 2.31 2.46 2.15 2.29 6 -- 1 -0.04
Annual 12/1/20 2.19 2.34 2.07 2.19 9 -- -- --
Annual 12/1/19 2.10 2.14 1.99 2.12 9 -- -- --
Quarterly 3/1/20 0.54 0.55 0.53 0.53 3 -- -- --
Quarterly 6/1/20 0.55 0.56 0.53 0.55 3 -- -- --
Quarterly 9/1/19 0.53 0.53 0.52 0.53 4 -- -- --
Quarterly 12/1/19 0.53 0.53 0.52 0.53 4 -- -- --

Actuals - Dividend Per Share

Reported Mean Estimate Surprise % Change
Annual 12/1/18 2.00 1.95 2.37
Annual 12/1/17 1.80 1.79 0.62
Annual 12/1/16 1.60 1.59 0.92
Quarterly 6/1/19 0.53 0.53 0.76
Quarterly 3/1/19 0.53 0.52 1.44
Quarterly 12/1/18 0.50 0.53 -5.66
Quarterly 9/1/18 0.50 0.54 -6.72

Reference Information - EBIT

Last Actual (FY0): 1,225.00
FY0 End Date: 12/1/18
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - EBIT

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 12/1/21 1,373.40 1,441.50 1,243.90 1,394.70 8 2 2 0.94
Annual 12/1/20 1,309.40 1,377.00 1,151.00 1,340.62 13 1 4 0.28
Annual 12/1/19 1,271.35 1,333.91 1,111.00 1,311.00 13 2 2 0.60
Quarterly 3/1/20 301.61 327.00 277.10 307.20 7 -- 1 0.60
Quarterly 6/1/20 339.71 358.58 307.70 349.30 7 -- 1 0.54
Quarterly 9/1/19 337.97 357.10 303.60 345.30 10 1 -- 1.03
Quarterly 12/1/19 333.81 386.20 313.30 331.70 10 2 -- 0.58

Actuals - EBIT

Reported Mean Estimate Surprise % Change
Annual 12/1/18 1,225.00 1,243.75 -1.51
Annual 12/1/17 1,282.00 1,277.79 0.33
Annual 12/1/16 1,230.00 1,242.67 -1.02
Quarterly 6/1/19 352.00 328.84 7.04
Quarterly 3/1/19 286.00 266.21 7.43
Quarterly 12/1/18 271.00 275.21 -1.53
Quarterly 9/1/18 333.00 332.94 0.02

Reference Information - EBITDA

Last Actual (FY0): 1,444.00
FY0 End Date: 12/1/18
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - EBITDA

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 12/1/21 1,701.02 1,769.00 1,623.77 1,692.00 7 -- 3 -1.45
Annual 12/1/20 1,643.89 1,974.10 1,466.00 1,619.65 16 -- 4 -0.68
Annual 12/1/19 1,577.94 1,673.53 1,423.00 1,568.80 13 2 2 -0.48
Quarterly 3/1/20 387.94 443.60 362.22 390.00 9 -- 2 -0.82
Quarterly 6/1/20 435.04 492.80 408.00 429.00 9 -- 2 -0.89
Quarterly 9/1/19 413.19 445.37 394.13 410.05 12 1 1 -0.32
Quarterly 12/1/19 401.60 449.10 351.00 399.40 12 1 2 -0.63

Actuals - EBITDA

Reported Mean Estimate Surprise % Change
Annual 12/1/18 1,444.00 1,527.82 -5.49
Annual 12/1/17 1,478.00 1,557.92 -5.13
Annual 12/1/16 1,479.00 1,491.48 -0.84
Quarterly 6/1/19 408.00 406.70 0.32
Quarterly 3/1/19 346.00 337.61 2.49
Quarterly 12/1/18 328.00 342.63 -4.27
Quarterly 9/1/18 388.00 403.04 -3.73

Reference Information - GAAP Earnings Per Share

Last Actual (FY0): 5.29
FY0 End Date: 12/1/18
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - GAAP Earnings Per Share

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 12/1/21 6.73 7.27 6.23 6.72 4 1 1 -2.90
Annual 12/1/20 6.18 6.84 5.46 6.17 12 -- 3 -0.38
Annual 12/1/19 5.61 5.87 5.34 5.63 9 -- 1 0.10
Quarterly 3/1/20 1.40 1.55 1.32 1.38 5 -- 1 -2.50
Quarterly 6/1/20 1.62 1.80 1.52 1.57 5 -- 1 -2.42
Quarterly 9/1/19 1.51 1.73 1.30 1.52 10 -- 1 -0.36
Quarterly 12/1/19 1.46 1.67 1.20 1.49 10 -- 1 -0.21

Actuals - GAAP Earnings Per Share

Reported Mean Estimate Surprise % Change
Annual 12/1/18 5.29 5.56 -4.82
Annual 12/1/17 5.50 4.88 12.73
Annual 12/1/16 4.51 4.71 -4.32
Quarterly 6/1/19 1.66 1.51 9.75
Quarterly 3/1/19 1.20 1.16 3.90
Quarterly 12/1/18 0.92 1.17 -21.43
Quarterly 9/1/18 1.53 1.45 5.19

Reference Information - Net Debt

Last Actual (FY0): 3,758.00
FY0 End Date: 12/1/18
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - Net Debt

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 12/1/21 3,260.55 3,959.48 1,639.25 3,598.00 5 1 3 -1.20
Annual 12/1/20 3,345.74 3,822.02 2,090.64 3,513.00 5 1 3 -0.75
Annual 12/1/19 3,553.34 4,262.00 2,525.86 3,653.08 6 -- 3 -0.44
Quarterly 3/1/20 3,705.78 3,705.78 3,705.78 3,705.78 1 -- 1 -1.28
Quarterly 6/1/20 3,731.38 3,731.38 3,731.38 3,731.38 1 -- 1 -1.50
Quarterly 9/1/19 3,662.50 3,662.50 3,662.50 3,662.50 1 -- 1 -0.41
Quarterly 12/1/19 3,690.16 3,690.16 3,690.16 3,690.16 1 -- 1 -0.97

Actuals - Net Debt

Reported Mean Estimate Surprise % Change
Annual 12/1/18 3,758.00 3,364.95 11.68
Annual 12/1/17 3,647.00 3,298.88 10.55
Annual 12/1/16 3,375.00 3,398.44 -0.69
Quarterly 6/1/19 3,703.00 3,811.91 -2.86
Quarterly 3/1/19 3,775.00 3,781.32 -0.17
Quarterly 12/1/18 3,758.00 3,365.24 11.67
Quarterly 9/1/18 3,435.00 -- --

Reference Information - Net Income

Last Actual (FY0): 798.00
FY0 End Date: 12/1/18
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - Net Income

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 12/1/21 947.15 974.20 937.00 940.42 5 1 3 1.26
Annual 12/1/20 913.90 1,030.00 822.00 908.81 11 -- 5 1.02
Annual 12/1/19 885.31 982.00 794.70 886.00 11 2 2 0.80
Quarterly 3/1/20 201.36 218.00 183.80 205.27 6 -- 1 0.46
Quarterly 6/1/20 229.53 240.85 207.60 234.00 6 -- 1 0.52
Quarterly 9/1/19 231.99 259.00 210.40 231.47 8 1 1 1.00
Quarterly 12/1/19 225.00 251.00 202.30 225.46 8 1 1 0.95

Actuals - Net Income

Reported Mean Estimate Surprise % Change
Annual 12/1/18 798.00 879.57 -9.27
Annual 12/1/17 740.00 767.30 -3.56
Annual 12/1/16 682.00 703.01 -2.99
Quarterly 6/1/19 237.00 225.91 4.91
Quarterly 3/1/19 190.00 186.48 1.89
Quarterly 12/1/18 166.00 187.57 -11.50
Quarterly 9/1/18 233.52 232.65 0.37

Reference Information - Operating Profit

Last Actual (FY0): --
FY0 End Date:
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - Operating Profit

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 12/1/21 -- -- -- -- -- -- -- --
Annual 12/1/20 -- -- -- -- -- -- -- --
Annual 12/1/19 -- -- -- -- -- -- -- --
Quarterly 6/1/20 -- -- -- -- -- -- -- --
Quarterly 3/1/20 -- -- -- -- -- -- -- --
Quarterly 12/1/19 -- -- -- -- -- -- -- --
Quarterly 9/1/19 -- -- -- -- -- -- -- --

Actuals - Operating Profit

Reported Mean Estimate Surprise % Change
12/1/00 -- -- --
12/1/00 -- -- --
12/1/00 -- -- --
12/1/00 -- -- --
12/1/00 -- -- --
12/1/00 -- -- --
12/1/00 -- -- --

Reference Information - Return On Equity

Last Actual (FY0): 15.67
FY0 End Date: 12/1/18
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - Return On Equity

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 12/1/21 13.37 16.37 7.40 14.86 4 -- -- -1.53
Annual 12/1/20 13.42 16.28 7.36 14.90 5 -- -- -0.93
Annual 12/1/19 16.98 33.40 7.75 15.92 7 -- -- 0.01
Quarterly 3/1/20 15.22 15.22 15.22 15.22 1 -- -- -1.10
Quarterly 6/1/20 17.49 17.49 17.49 17.49 1 -- -- -1.63
Quarterly 9/1/19 17.55 17.55 17.55 17.55 1 -- -- -0.06
Quarterly 12/1/19 16.71 16.71 16.71 16.71 1 -- -- 1.09

Actuals - Return On Equity

Reported Mean Estimate Surprise % Change
Annual 12/1/18 15.67 16.88 -1.21
Annual 12/1/17 15.50 14.45 1.05
Annual 12/1/16 14.65 14.35 0.30
Quarterly 6/1/19 17.64 16.77 0.87
Quarterly 3/1/19 14.47 14.71 -0.24
Quarterly 12/1/18 12.55 15.08 -2.53

Reference Information - Sales

Last Actual (FY0): 7,531.00
FY0 End Date: 12/1/18
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - Sales

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 12/1/21 8,111.25 8,207.00 7,950.00 8,105.00 8 -- 2 -0.17
Annual 12/1/20 7,888.79 7,999.00 7,803.00 7,894.90 17 -- 3 -0.17
Annual 12/1/19 7,708.46 7,751.00 7,675.00 7,702.67 16 1 -- 0.03
Quarterly 3/1/20 1,946.72 1,981.00 1,907.00 1,949.00 11 -- 1 -0.12
Quarterly 6/1/20 2,004.12 2,028.00 1,980.00 2,009.74 11 -- 1 -0.06
Quarterly 9/1/19 1,943.57 1,973.00 1,925.00 1,939.97 14 -- -- --
Quarterly 12/1/19 1,922.65 1,964.00 1,896.47 1,918.49 14 -- -- --

Actuals - Sales

Reported Mean Estimate Surprise % Change
Annual 12/1/18 7,531.00 7,570.41 -0.52
Annual 12/1/17 7,709.00 7,692.74 0.21
Annual 12/1/16 7,515.00 7,510.47 0.06
Quarterly 6/1/19 1,953.00 1,937.30 0.81
Quarterly 3/1/19 1,891.00 1,871.37 1.05
Quarterly 12/1/18 1,839.00 1,878.27 -2.09
Quarterly 9/1/18 1,889.00 1,945.52 -2.91

Reference Information - Earnings Per Share (Parent)

Last Actual (FY0): --
FY0 End Date:
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - Earnings Per Share (Parent)

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 12/1/21 -- -- -- -- -- -- -- --
Annual 12/1/20 -- -- -- -- -- -- -- --
Annual 12/1/19 -- -- -- -- -- -- -- --
Quarterly 6/1/20 -- -- -- -- -- -- -- --
Quarterly 3/1/20 -- -- -- -- -- -- -- --
Quarterly 12/1/19 -- -- -- -- -- -- -- --
Quarterly 9/1/19 -- -- -- -- -- -- -- --

Actuals - Earnings Per Share (Parent)

Reported Mean Estimate Surprise % Change
12/1/00 -- -- --
12/1/00 -- -- --
12/1/00 -- -- --
12/1/00 -- -- --
12/1/00 -- -- --
12/1/00 -- -- --
12/1/00 -- -- --

Reference Information - Net Income (Parent)

Last Actual (FY0): --
FY0 End Date:
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - Net Income (Parent)

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 12/1/21 -- -- -- -- -- -- -- --
Annual 12/1/20 -- -- -- -- -- -- -- --
Annual 12/1/19 -- -- -- -- -- -- -- --
Quarterly 6/1/20 -- -- -- -- -- -- -- --
Quarterly 3/1/20 -- -- -- -- -- -- -- --
Quarterly 12/1/19 -- -- -- -- -- -- -- --
Quarterly 9/1/19 -- -- -- -- -- -- -- --

Actuals - Net Income (Parent)

Reported Mean Estimate Surprise % Change
12/1/00 -- -- --
12/1/00 -- -- --
12/1/00 -- -- --
12/1/00 -- -- --
12/1/00 -- -- --
12/1/00 -- -- --
12/1/00 -- -- --

Reference Information - Operating Profit (Parent)

Last Actual (FY0): --
FY0 End Date:
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - Operating Profit (Parent)

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 12/1/21 -- -- -- -- -- -- -- --
Annual 12/1/20 -- -- -- -- -- -- -- --
Annual 12/1/19 -- -- -- -- -- -- -- --
Quarterly 6/1/20 -- -- -- -- -- -- -- --
Quarterly 3/1/20 -- -- -- -- -- -- -- --
Quarterly 12/1/19 -- -- -- -- -- -- -- --
Quarterly 9/1/19 -- -- -- -- -- -- -- --

Actuals - Operating Profit (Parent)

Reported Mean Estimate Surprise % Change
12/1/00 -- -- --
12/1/00 -- -- --
12/1/00 -- -- --
12/1/00 -- -- --
12/1/00 -- -- --
12/1/00 -- -- --
12/1/00 -- -- --

Reference Information - Sales (Parent)

Last Actual (FY0): --
FY0 End Date:
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - Sales (Parent)

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change

Actuals - Sales (Parent)

Reported Mean Estimate Surprise % Change
12/1/00 -- -- --
12/1/00 -- -- --
12/1/00 -- -- --
12/1/00 -- -- --
12/1/00 -- -- --
12/1/00 -- -- --
12/1/00 -- -- --

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