L'intérêt à découvert pour Quest Diagnostics donne aux investisseurs une idée du degré auquel les investisseurs parient sur la baisse de l'action de Quest Diagnostics. Les données sur l'intérêt à découvert sont mises à jour toutes les deux semaines.

Quest Diagnostics (NYSE:DGX) Stock, Rapport sur les intérêts à découvert

Quest Diagnostics

Quest Diagnostics is a leading independent provider of diagnostic testing, information, and services in the U.S. The company generates over 95% of its revenue through clinical testing, anatomic pathology, esoteric testing, and substance abuse testing with specimens collected at its national network of roughly 2,300 patient service centers, as well as multiple doctors offices and hospitals. The firm also runs a much smaller diagnostic solutions segment that provides clinical trials testing, risk assessment services, and information technology solutions.

Quest Diagnostics Incorporated Common Stock

Quest Diagnostics Inc

Stryker Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/syk#NYSE">SYK</a>) has witnessed substantial gains in the year-to-date period. Shares of the company have rallied 18.6% compared with 13.4% growth of the&nbsp;industry. The S&amp;P 500 Composite has risen 20.1% during the same time frame.
With healthy fundamentals and strong growth opportunities, this Zacks Rank #3 (Hold) company appears to be a solid wealth creator for investors at the moment.
Headquartered in Kalamazoo, MI, Stryker is one of the world&#39;s largest medical device companies operating in the global orthopedic market. The company has three business segments &mdash; Orthopaedics, MedSurg and Neurotechnology &amp; Spine.
Strength in Stryker&#39;s flagship Mako Total Knee Platform, which enables surgeons to do pre-operative planning and precise surgeries, looks promising. The company is also adopting several cost-cutting measures, including restructuring plans. Its prospects seem promising on the back of strong customer demand for its existing products as well as new launches. Stryker&#39;s recent acquisitions also raise optimism about the stock.&nbsp;
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/01/80132.jpg?v=2080810141" />
Image Source: Zacks Investment Research
<h2>Catalysts for Stryker&#39;s Growth</h2>
The surge in the company&#39;s share price can be attributed to its advanced robotic arm-assisted surgery platform, Mako, a strong product lineup and strategic acquisitions. The positive sentiment, driven by a solid second-quarter fiscal 2024 performance and promising business potential, is expected to continue aiding it.
Stryker ended the second quarter on a high note, with both earnings and revenues showing year-over-year improvement. The company saw robust performance in the U.S. market, particularly in Instruments, Medical, Endoscopy, Trauma and Extremities, and Mako, which likely boosted the stock&#39;s price.
SYK has increased its revenue and earnings forecasts for fiscal 2024, likely attracting investor interest. The company now anticipates organic revenue growth of 9-10% for fiscal 2024, up from the previous guidance of 8.5-9.5%. Adjusted earnings per share for 2024 are now expected to be between $11.90 and $12.10, indicating 12% growth at the midpoint compared with the earlier projection of $11.85-$12.05.
SYK&#39;s extensive product range has also garnered investor optimism. Its broad product spectrum shields it from significant sales declines during economic downturns. The company&#39;s vast experience in medical robotics, artificial intelligence and mechatronics has kept it at the forefront of the MedTech industry.
In August, SYK launched the Pangea Plating System, which received FDA clearance in late 2023. The Pangea System offers variable-angle plating for diverse patient demographics with a comprehensive and adaptable portfolio. With the Pangea System, Stryker has become a key partner for trauma-related products, including plates, nails and external fixation devices, supported by dedicated staff and excellent service.
In June, Stryker introduced the LIFEPAK 35 monitor/defibrillator, a device featuring advanced technology aimed at improving workflow efficiency and providing advanced clinical solutions for emergency responders and healthcare professionals. Additionally, the company launched the Gamma4 Hip Fracture Nailing System in Germany on June 4.
In addition to expanding organically, Stryker has bolstered its expansion by way of acquisitions. Last month, the company completed the buyout of Vertos Medical, a privately held company providing a minimally invasive solution for treating chronic lower back pain caused by lumbar spinal stenosis.As a result of the acquisition, Stryker is set to expand its minimally invasive pain management portfolio with differentiated treatments and expand its reach across ambulatory surgery centers.
In June, Stryker also acquired care.ai, a privately held company specializing in AI-assisted virtual care workflows, smart room technology and ambient intelligence solutions. The company closed the acquisition of NICO Corporation, a privately held company providing a systematic approach to minimally invasive surgery for tumor and intracerebral hemorrhage procedures, in September.
SYK also announced the completion of the acquisition of MOLLI Surgical Inc., a privately held company specializing in the development of wire-free soft tissue localization technology for breast-conserving surgery, in August. In July, Stryker completed the previously announced acquisition of Artelon, a privately held company specializing in innovative soft tissue fixation products for foot and ankle and sports medicine procedures.
<h2>Risk Factors</h2>
As Stryker continues to acquire a large number of companies, which improves revenue opportunities, it is also likely to add to integration risks, putting gross and operating margins under pressure. Frequent acquisitions may affect the company&#39;s balance sheet in the form of a high level of goodwill and intangible assets.
A negative change in exchange rates is also a threat to SYK&#39;s core operations. The trend is likely to continue for the rest of 2024, though, at a slower pace. The company is also facing inflationary pressure, leading to lower margins.
<h2>A Look at Estimates</h2>
SYK&#39;s EPS for fiscal 2024 and 2025 is projected to increase 13.2% and 12.1% to $12.00 and $13.45 on a year-over-year basis, respectively.&nbsp; The Zacks Consensus Estimate for EPS for fiscal 2024 and 2025 has remained stable over the past 30 days.
Revenues for fiscal 2024 and 2025 are anticipated to rise 9.2% and 7.8%, respectively, to $22.37 billion and $24.12 billion on a year-over-year basis.
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<h3>Stryker Corporation Price</h3>
<img alt="Stryker Corporation Price" src="https://staticx-tuner.zacks.com/images/charts/bc/1727950805.png" style="height:254px; width:527px" title="" />
Stryker Corporation price | Stryker Corporation Quote
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<h2>Stocks to Consider</h2>
Some better-ranked stocks in the broader medical space are&nbsp;Universal Health Service&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/uhs#NYSE">UHS</a>),&nbsp;Quest Diagnostics&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dgx#NYSE">DGX</a>) and&nbsp;Baxter International&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bax#NYSE">BAX</a>), each carrying a Zacks Rank #2 (Buy).
Universal Health Service has an estimated long-term growth rate of 19%. UHS&#39; earnings surpassed estimates in each of the trailing four quarters, with the average being 14.58%.
Universal Health Service has gained 47% compared with the&nbsp;industry&#39;s&nbsp;47.7% rise so far this year.
Quest Diagnostics has an estimated long-term growth rate of 6.2%. DGX&#39;s earnings surpassed estimates in each of the trailing four quarters, with the average surprise being 3.31%.
Quest Diagnostics shares have gained 12.3% so far this year compared with the&nbsp;industry&#39;s&nbsp;19% rise.
Baxter&#39;s earnings surpassed estimates in each of the trailing four quarters, delivering an average surprise of 3.74%.
BAX&#39;s shares have declined 6.9% so far this year against the&nbsp;industry&#39;s&nbsp;13.3% growth.
<a href="https://www.zacks.com/stock/news/2345185/stryker-stock-gains-18-6-ytd-what-s-driving-its-share-price?cid=CS-BENZ-FT-analyst_blog|price_surge_/_plunge-2345185">To read this article on Zacks.com click here.</a>

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Stryker Stock Gains 18.6% YTD: What's Driving its Share Price?

GE HealthCare Technologies&#39; (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gehc#NASDAQ">GEHC</a>) MIM Software recently announced the receipt of FDA clearance for performing Centiloid scaling for positron emission tomography (PET)-based amyloid imaging analysis and quantification.
With MIMneuro, a vendor-neutral solution, this new Centiloid scale tool is likely to be able to assist physicians in more accurately determining the density of amyloid plaque in a patient&#39;s brain. Amyloid PET radiotracers help visualize amyloid plaque density in patients being evaluated for Alzheimer&#39;s disease.
<h2>Likely Trend of GEHC Stock Following the News</h2>
Following the announcement, shares of the company moved nearly 1.7% north to $88.53 at yesterday&#39;s close.
GE HealthCare is one of the leading providers of medical technology, pharmaceutical diagnostics, and digital solutions with a focus on precision care. In March, GE Healthcare acquired MIM Software, which added AI-based solutions for the practice of radiation oncology, molecular radiotherapy, diagnostic imaging, and urology at imaging centers, hospitals, specialty clinics and research organizations worldwide. Owing to the strong potential for the diagnostic imaging market, we expect the market sentiment to remain positive around this news.
Meanwhile, GEHC currently has a market capitalization of $39.63 billion. It has an earnings yield of 4.91% is much higher than the industry&#39;s yield of negative (7.12)%. In the last reported quarter, GEHC delivered an earnings surprise of 2.04%.
<h2>More on the GEHC&#39;s Centiloid Scaling Tool</h2>
A significant number of people in the United States develop dementia, with Alzheimer&#39;s disease accounting for 60-80% of dementia cases. The condition affects memory, thinking and behavior, and symptoms typically start with mild cognitive impairment and eventually grow severe enough to interfere with daily tasks. A characteristic feature of this condition is the build-up of beta-amyloid protein in the brain, which is connected to tissue loss and cell death.
In order to assist physicians in identifying potential patients for amyloid-targeting therapies, PET imaging makes it possible to visualize and quantify amyloid protein. A global consortium of physicians and scientists created the Centiloid scale with the goal of harmonizing quantitative amyloid imaging analysis throughout radiotracers and organizations.
GE HealthCare&#39;s MIM Software now offers MIMneuro with Centiloid scaling, leveraging an automated workflow to help guide users through generating and understanding the quantitative result. The software takes the PET amyloid images, provides clinicians instructions to automatically generate quantitative results, and presents the data in a standardized report for clinicians to review alongside the images. As a result, clinicians can more easily access the quantitative data they need to evaluate patients.
MIMneuro with Centiloid scaling is the latest addition to GE HealthCare&#39;s comprehensive suite of products and solutions, which span the Alzheimer&#39;s disease care pathway from diagnosis through treatment monitoring.
<h2>Favorable Industry Prospects for GEHC</h2>
Per a report by Future Market Insight, the global brain imaging and neuroimaging market was estimated to be $13.7 billion in 2023 and is anticipated to surpass $22.4 billion by 2033 at a CAGR of 5.1%. The brain imaging and neuroimaging market is primarily driven by the rising incidence and prevalence of neurological disorders, increased awareness of neurodegenerative diseases, an increase in traumatic brain injuries, and increased applications of brain imaging and neuroimaging in clinical trials.
Given the market potential, the latest FDA clearance of MIM Software&#39;s Centiloid Scaling Tool is likely to provide a boost to GEHC&#39;s business.
<h2>GEHC&#39;s Notable Developments</h2>
In August, GEHC announced the receipt of the CE mark for its Vscan Air SL wireless handheld ultrasound system with Caption AI. The company also received the CE mark for the use of ECG-less cardiac computed tomography scanning on its Revolution Apex platform.
The company also collaborated with the University of California San Diego School of Medicine. The tie-up aims to investigate advanced magnetic resonance imaging protocols and techniques for female-specific diseases and conditions of the pelvis and develop comprehensive educational materials for clinicians.
<h2>GEHC&#39;s Price Performance</h2>
In the past six months, GEHC shares have lost 2.6% compared with the industry&#39;s decline of 12.4%. The S&amp;P 500 has gained 7.6% in the same time frame.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/51/78442.jpg?v=1728486434" />
Image Source: Zacks Investment Research
<h2>GE HealthCare&#39;s Zacks Rank &amp; Stocks to Consider</h2>
GEHC carries a Zacks Rank #3 (Hold) at present.
Some better-ranked stocks in the broader medical space are&nbsp;Universal Health Service&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/uhs#NYSE">UHS</a>),&nbsp;Quest Diagnostics&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dgx#NYSE">DGX</a>) and&nbsp;ABM Industries&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/abm#NYSE">ABM</a>). While Universal Health Service sports a Zacks Rank #1 (Strong Buy), Quest Diagnostics and ABM Industries carry a Zacks Rank #2 (Buy).
Universal Health Service has an estimated long-term growth rate of 19%. UHS&#39; earnings surpassed estimates in each of the trailing four quarters, with the average being 14.58%.
Universal Health Service has gained 56.1% so far this year compared with the&nbsp;industry&#39;s&nbsp;48.1% rise.
Quest Diagnostics has an estimated long-term growth rate of 6.20%. DGX&#39;s earnings surpassed estimates in each of the trailing four quarters, with the average surprise being 3.31%.
Quest Diagnostics shares have gained 13.9% so far this year compared with the&nbsp;industry&#39;s&nbsp;17.9% rise.
ABM Industries&#39; earnings surpassed estimates in each of the trailing four quarters, delivering an average surprise of 7.34%.
ABM&#39;s shares have risen 27.4% so far this year compared with the&nbsp;industry&#39;s&nbsp;17% growth.
<a href="https://www.zacks.com/stock/news/2338704/gehc-stock-rises-as-fda-clears-mim-software-s-centiloid-tool?cid=CS-BENZ-FT-analyst_blog|company_news_medical_sector-2338704">To read this article on Zacks.com click here.</a>

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GEHC Stock Rises as FDA Clears MIM Software's Centiloid Tool

Sentara Health Plans And Quest Diagnostics Announce Strategic Collaboration, Making Quest The Exclusive Independent Lab Provider For Sentara Members In Virginia And Florida

Solventum Corporation&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/solv#NYSE">SOLV</a>) recently announced the launch of the V.A.C. Peel and Place Dressing, an integrated dressing and drape that can be applied quickly&nbsp;and worn by patients for up to seven days.
Traditional dressings for negative pressure wound therapy typically take more than twice as long to apply, require a multi-step process of measuring and cutting separate foam and adhesive components, and may need to be changed at least three times a week.
The latest launch by SOLV is likely to solve the persisting issues of traditional dressings for negative pressure wound therapy, making it more accessible and less painful. The V.A.C. Peel and Place Dressing is an essential innovation in wound care that has the potential to improve outcomes, save both time and money and enhance the overall patient and clinician experience.
Due to the factors mentioned above, the product is likely to witness substantial demand in the field of negative pressure wound therapy and contribute to the top-line growth of the company, thus driving the share price of SOLV higher.
<h2>More on the SOLV&#39;s V.A.C Peel and Place Dressing</h2>
The latest development in V.A.C.&nbsp;Therapy is the new V.A.C.&nbsp;Peel and Place Dressing. Due to its integrated dressing and drape design, dressing application and changes are easier to perform, requiring less time and training. Moreover, it has an integrated non-adherent, perforated layer that reduces tissue ingrowth and lessens discomfort when removing the dressing.
The V.A.C. Peel and Place Dressing is suggested for use on wounds up to 6 cm deep, covering chronic, acute, traumatic, subacute, and dehisced wounds. Additionally, it can be used on partial thickness burns, pressure ulcers (such as those caused by diabetes), venous insufficiency, flaps, and grafts.
Research has demonstrated that the V.A.C. Peel and Place Dressing can substantially reduce&nbsp;therapy application time. It can also lower hospital bedside expenditures significantly&nbsp;because of fewer dressing changes and lower&nbsp;home nursing visits per week.
V.A.C.&nbsp;Therapy has been linked to noticeably faster wound healing. Over nearly three decades, it has been used globally to treat more than 10 million wounds. However, a rise in wound numbers is increasing due to aging populations and the incidence of chronic illnesses such as obesity and diabetes. The V.A.C. Peel and Place Dressing enables V.A.C. Therapy to be used on a wider range of patients across the continuum of care in both acute and post-acute settings.
The product is available now in the United States and Canada. Additional global regulatory submissions and approvals are pending.
<h2>Favorable Industry Prospects for SOLV</h2>
Per a report by Grand View Research, the global negative pressure wound therapy market size was estimated to be $2.5 billion in 2023 and is expected to witness a CAGR of 6.6% from 2024 to 2030.
Given the market potential, SOLV&#39;s V.A.C Peel and Place Dressing is likely to provide a boost to SOLV&#39;s business.
<h2>SOLV&#39;s&nbsp;Price Performance</h2>
In the past six months, SOLV shares have lost 1.1% compared with the industry&#39;s decline of 1.3%. The S&amp;P 500 has gained 6.4% in the same time frame.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/9f/77363.jpg?v=2024522534" />
Image Source: Zacks Investment Research
<h2>SOLV&#39;s Zacks Rank and Stocks to Consider</h2>
Currently, SOLV has a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader medical space are&nbsp;Universal Health Service&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/uhs#NYSE">UHS</a>),&nbsp;Quest Diagnostics&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dgx#NYSE">DGX</a>)&nbsp;and&nbsp;ABM Industries&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/abm#NYSE">ABM</a>). While Universal Health Service sports a Zacks Rank #1 (Strong Buy), Quest Diagnostics and ABM Industries presently carry a Zacks Rank #2 (Buy).
Universal Health Service has an estimated long-term growth rate of 19%. UHS&#39; earnings surpassed estimates in each of the trailing four quarters, with the average being 14.58%.
Universal Health Service has gained 56.1% so far this year compared with the&nbsp;industry&#39;s&nbsp;48.1% rise.
Quest Diagnostics has an estimated long-term growth rate of 6.20%. DGX&#39;s earnings surpassed estimates in each of the trailing four quarters, with the average surprise being 3.31%.
Quest Diagnostics shares have gained 13.9% so far this year compared with the&nbsp;industry&#39;s&nbsp;17.9% rise.
ABM Industries&#39; earnings surpassed estimates in each of the trailing four quarters, delivering an average surprise of 7.34%.
ABM&#39;s shares have risen 27.4% so far this year compared with the&nbsp;industry&#39;s&nbsp;17% growth.
<a href="https://www.zacks.com/stock/news/2334834/solventum-shares-may-gain-on-the-launch-of-its-new-v-a-c-therapy?cid=CS-BENZ-FT-analyst_blog|company_news_medical_sector-2334834">To read this article on Zacks.com click here.</a>

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Solventum Shares May Gain on the Launch of Its New V.A.C Therapy

Glaukos Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gkos#NYSE">GKOS</a>) is focused on the development and commercialization of novel surgical devices and sustained pharmaceutical therapies designed to treat glaucoma. The strength in the iStent product line and solid execution across its global glaucoma and Corneal Health franchises augur well.
The sustained recovery trends across segments and solid business prospects in spite of the pandemic-induced uncertainties raise optimism. Recent strategic alliances instill confidence in the stock.
The company is also engaged in boosting its portfolio through the development of new products. It currently has seven clinical-stage trials and another three preclinical development programs underway. A number of these pipeline programs are in active pivotal clinical trials, including iLution Travoprost, iDose ROCK and iDose TREX.
The company&#39;s shares have risen 58.2% year to date compared with the industry&#39;s 8.4% growth. The rally was primarily driven by top-line growth in the past few quarters. The S&amp;P 500 Index was up 14.4% in the same time frame.
However, stiff competition in the medical device industry and vendor uncertainty are other headwinds. Meanwhile, a stringent regulatory approval process for the iDose platform and products is a woe.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/b6/77271.jpg?v=801173257" />
Image Source: Zacks Investment Research
<h2>GKOS&#39; Products Driving Strong Business Performance</h2>
During the second quarter, GKOS&#39; glaucoma franchise witnessed growth in revenues, driven by its iStent portfolio, coupled with growing contributions from iDose TR. The company commenced the initial phases of the controlled launch plan for iDose TR during the reported quarter.
Per the second-quarter 2024 earnings call, iStent continued to demonstrate robust demand with positive surgeon feedback. This primarily highlights its three-stent solution favorable safety profile and streamlined injector system. The company&#39;s continued advancement in key market access initiatives for iStent infinite looks promising.
Continued strong demand across international glaucoma and Corneal Health franchises should be the key top-line drivers in 2024. Moreover, the commercial launch of iStent Infinite in 2023 is boosting the U.S. glaucoma franchise, which should drive growth in the upcoming few quarters.
The unique permanent J-code for iDose TR became effective from July 1. This is likely to increase patient access, driving sales growth in the upcoming quarters. The franchise also benefited from rapid international expansion.
<h2>Clinical Progress Drives GKOS&#39; Prospects</h2>
Clinical trials are the primary means to evaluate the efficacy and safety of new medical technologies.
Glaukos is currently developing several pipeline products, namely iDose TREX, iDose ROCK and iLution Travoprost. These next-generation extended-release candidates are in different stages of clinical development. Successful development, followed by a potential launch of these products, should boost Glaukos&#39; glaucoma portfolio.
The iDose TR candidate received the FDA approval in December 2023. The candidate, a targeted injectable implant, demonstrated tolerability and a favorable safety profile through 12 months in a late-stage clinical study.
Glaukos is also evaluating iLink system using Epioxa therapy for the treatment of keratoconus without the removal of the epithelium in a phase III study. The company has already completed one phase III study in 2021 on iLink. A potential new drug application is expected to be filed by the end of 2024.
The company commenced three new clinical trials during the fourth quarter of 2023 &mdash; a PMA clinical trial for iStent infinite in mild-to-moderate glaucoma patients; a Phase 2a study for iLution Travoprost; and a first-in-human clinical development program for GLK-401, an intravitreal multi-kinaseinhibitor retinal program for wet AMD patients. The company plans to start a phase 3 study for iDose TREX later in 2024 and complete enrollment in Phase 2 trials for its iLink third-generation therapy.
<h2>International Market Holds Potential for GKOS</h2>
Apart from the U.S. market, Glaukos is also focusing on expanding on a global scale. The company has been developing a sales base and increasing its marketing and market access efforts. It currently sells its products primarily through direct sales subsidiaries in 17 countries and independent distributors in certain nations.
GKOS&#39; continued efforts to scale its international infrastructure and execute the plans to position MIGS as a standard of care in each region and every major market in the world will likely boost glaucoma revenues going forward. The company&#39;s efforts have been positively impacting its international growth.
In the fourth quarter of 2023, the company&#39;s Glaucoma sales were up more than 25%. Corneal Health sales improved 19% in international markets. Continued broad-based growing demand in many key international markets for combined cataract and glaucoma procedures is likely to continue in the upcoming few quarters.
<h2>Factors Hurting the Stock</h2>
Glaukos&#39; competitors include medical companies, academic and research institutions, and others that develop new drugs, therapies, medical devices or surgical procedures to treat glaucoma. Thus, intense competition continues to weigh on the company&#39;s overall performance.
GKOS currently relies on a limited number of third-party suppliers, in some cases sole suppliers, to supply components for the iStent, the iStent inject models and other pipeline products. If any one or more of these suppliers cease to provide the company with sufficient quantities of components or drugs in a timely manner or on acceptable terms, it would have to seek alternate sources of supply.
Additionally, some of the vendors continue to experience challenges pertaining to supply of raw materials and labor shortages. As a result of these supply chain challenges and current inflationary pressures, Glaukos has experienced higher costs for certain components and raw materials. These setbacks are likely to remain for the rest of 2024, albeit at a slower pace.&nbsp;
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<h3>Glaukos Corporation Price</h3>
<img alt="Glaukos Corporation Price" src="https://staticx-tuner.zacks.com/images/charts/0f/1726048478.png" style="height:251px; width:575px" title="" />
Glaukos Corporation price | Glaukos Corporation Quote
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<h2>GKOS&#39; Zacks Rank &amp; Stocks to Consider</h2>
Glauos currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader medical space are DaVita Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dva#NYSE">DVA</a>), Quest Diagnostics Incorporated (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dgx#NYSE">DGX</a>) and Boston Scientific Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bsx#NYSE">BSX</a>).
DaVita, carrying a Zacks Rank #2 (Buy) at present, has an estimated long-term growth rate of 17.5%.
DVA&#39;s earnings surpassed estimates in each of the trailing four quarters, the average surprise being 24.2%. Its shares have risen 56.9% compared with the industry&#39;s 27.5% growth in the past year.
Quest Diagnostics, carrying a Zacks Rank of 2 at present, has an estimated long-term growth rate of 6.2%. DGX&#39;s earnings surpassed estimates in each of the trailing four quarters, the average surprise being 3.3%.
Quest Diagnostics&#39; shares have risen 21.6% compared with the industry&#39;s 27.5% growth in the past year.
Boston Scientific, carrying a Zacks Rank of 2 at present, has an estimated long-term growth rate of 12.6%. BSX&#39;s earnings surpassed estimates in each of the trailing four quarters, the average surprise being 7.2%.
Boston Scientific&#39;s shares have rallied 50.8% compared with the industry&#39;s 17.2% growth in the past year.
<a href="https://www.zacks.com/stock/news/2334519/glaukos-stocks-rides-on-strong-product-demand-amid-competition?cid=CS-BENZ-FT-analyst_blog|zer_report_update-2334519">To read this article on Zacks.com click here.</a>

GKOS

Glaukos Stocks Rides on Strong Product Demand Amid Competition

Patterson Companies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pdco#NASDAQ">PDCO</a>) is well poised for growth in the coming quarters, courtesy of its broad product line. The optimism, led by a strong performance of certain business segments during first-quarter fiscal 2024 and a few notable acquisitions, is expected to contribute further. Integration risks and stiff competitive forces persist.
Shares of this Zacks Rank #3 (Hold) company have lost 24.6% in the past year compared with the industry&#39;s 6.1% decline. The S&amp;P 500 Index has increased 5.9% during the same time frame.
The renowned global dental and animal health company has a market capitalization of $1.82 billion. It projects 5.9% growth for the next five years and expects to maintain its strong performance going forward. Patterson Companies&#39; earnings missed the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average negative surprise of 10.78%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/66/77100.jpg?v=775213013" />
Image Source: Zacks Investment Research
Let&#39;s delve deeper.
<h2>Upsides</h2>
Broad Product Spectrum: We are optimistic about Patterson Companies&#39; wide range of consumable supplies, equipment and software, and value-added services. A notable offering from PDCO is a private-label brand named Pivotal. It continues to add stock-keeping units to its broader private-label portfolio. The company&#39;s NaVetor is an integrated cloud-based veterinary practice management software for its Animal Health segment.
In June, PDCO launched new integrations for DentalXChange to provide additional electronic insurance processing and electronic patient statement solutions. In May, it announced a new product, Patterson CarePay+, to provide dental offices with software solutions for patient financing, dental insurance plans and payment processing.
Acquisitions &amp; Alliance: We are upbeat about PDCO&#39;s strategy of expanding its business via strategic acquisitions. In July, Patterson Dental Canada collaborated with Pearl to expand its Second Opinion AI disease detection capabilities&#39; reach in the Canadian dental market. By integrating Second Opinion within Patterson Dental Canada&#39;s leading software platforms, such as Eaglesoft, Fuse and Dolphin, the partnership aims to elevate the standard of dental care across North America.
During 2023, Patterson Companies completed its acquisition of the Texas-based companies, Veterinary Practitioners and Animal Care Technologies, which provide innovative solutions to veterinary practices through data extraction and conversion, staffing and video-based training services. In 2022, the company announced the acquisition of substantially all the assets of Dairy Tech, Inc., which provides pasteurizing equipment and single-use bags.
Fulfillment Facility Modernization to Optimize Supply: PDCO started strategic modernization of its existing fulfillment facilities and capabilities. It is adding new technologies, such as robots, to automate order picking and enhance the fulfillment pace.
PDCO is also focusing on expanding its fulfillment capacity by opening next-generation centers across several countries that will help build sustainable and more efficient channel capabilities. The company&#39;s strategic investments in fulfillment centers should help alleviate capacity constraints, boost distribution capabilities and enhance growth.
To support its facility modernization and expansion, PDCO has allocated $51.2 million in capital spending during fiscal 2024. The amount has increased 20.8% from the prior-year level.
Strong Q1 Results: Patterson Companies&#39; revenues and earnings missed estimates in the first quarter of fiscal 2024, reflecting the negative impact of a cybersecurity attack on its claims processing vendor, Change Healthcare. The impact is likely to alleviate in the upcoming quarters, potentially improving the top and bottom-line performance. Continued growth in the production animal business supported sales in the Animal Health segment.
PDCO has been making significant investments in developing its software and value-added services offerings across both its Dental and Animal Health segments. These are likely to drive the demand for its products.
<h2>Downsides</h2>
Stiff Competition: The U.S. dental products distribution industry is highly competitive and consists chiefly of national, regional and local full-service and mail-order distributors. Patterson Companies needs to continue to introduce newer products in the market to withstand competitive pressure. Failure to do so can dilute its market share.
Integration Risks: PDCO has been on an acquisition spree, which is improving its revenue opportunities but aggravating integration risks. Regular acquisitions are also a distraction for management and are likely to impact organic growth. This may limit the company&#39;s future expansion initiatives and worsen its risk profile.
<div class="chart_embed">
<h3>Patterson Companies, Inc. Price</h3>
<img alt="Patterson Companies, Inc. Price" src="https://staticx-tuner.zacks.com/images/charts/d7/1725957492.png" style="height:251px; width:572px" title="" />
Patterson Companies, Inc. price | Patterson Companies, Inc. Quote
</div>
<h2>Estimate Trend</h2>
The Zacks Consensus Estimate for fiscal 2025 revenues is pegged at $6.62 billion, indicating a 0.8% increase from the previous year&#39;s level. The consensus mark for adjusted earnings per share is pinned at $2.33, implying a 1.3% year-over-year improvement.
<h2>Stocks to Consider</h2>
Some better-ranked stocks in the broader medical space are DaVita Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dva#NYSE">DVA</a>), Quest Diagnostics Incorporated (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dgx#NYSE">DGX</a>) and Boston Scientific Corporation.
DaVita, carrying a Zacks Rank #2 (Buy) at present, has an estimated long-term growth rate of 17.5%. DVA&#39;s earnings surpassed estimates in each of the trailing four quarters, the average surprise being 24.2%.
DaVita&#39;s shares have risen 56.9% compared with the industry&#39;s 27.5% growth in the past year.
Quest Diagnostics, carrying a Zacks Rank of 2 at present, has an estimated long-term growth rate of 6.2%. DGX&#39;s earnings surpassed estimates in each of the trailing four quarters, the average surprise being 3.3%.
Quest Diagnostics&#39; shares have risen 21.6% compared with the industry&#39;s 27.5% growth in the past year.
Boston Scientific, carrying a Zacks Rank of 2 at present, has an estimated long-term growth rate of 12.6%. BSX&#39;s earnings surpassed estimates in each of the trailing four quarters, the average surprise being 7.2%.
Boston Scientific&#39;s shares have rallied 50.8% compared with the industry&#39;s 17.2% growth in the past year.
<a href="https://www.zacks.com/stock/news/2334054/here-s-why-you-should-retain-pdco-stock-in-your-portfolio-for-now?cid=CS-BENZ-FT-analyst_blog|rank_focused-2334054">To read this article on Zacks.com click here.</a>

Financing

Offerings

Small Cap

PDCO

Here's Why You Should Retain PDCO Stock in Your Portfolio for Now

The Ensign Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ensg#NASDAQ">ENSG</a>) announced that it has bought the operations of a nursing facility in Overland Park, KS. It has also acquired the operations of seven nursing facilities in Colorado. All these buyouts (with long-term, triple net leases) had an effective date of Sept. 1, 2024.&nbsp;
The 102-bed unit in Kansas, named Prairie Ridge Health and Rehabilitation, boosts ENSG&#39;s footprint in the state. The acquisition comes at an opportune time, as the company is experiencing significant growth in the state over the last year.
The series of acquisitions in Colorado includes the 106-bed Desert Willow Health and Rehabilitation Center in Pueblo, 133-bed Junction Creek Health and Rehabilitation Center in Durango, 104-bed Pelican Pointe Health and Rehabilitation Center in Windsor, 100-bed Riverbend Health and Rehabilitation Center in Loveland, 100-bed Broadview Health and Rehabilitation Center in Greeley, 107-bed Westlake Lodge Health and Rehabilitation Center in Greeley and 110-bed Linden Place Health and Rehabilitation Center in Longmont.
The acquisition deals have increased Ensign&#39;s portfolio to encompass 323 healthcare operations spanning 14 states. Of the total, 29 also have senior living operations. The company, along with its subsidiaries like Standard Bearer, now owns 122 real estate properties.
ENSG boasts a strong inorganic growth story. The company remains committed to pursuing opportunities for acquiring real estate and leasing both successful and struggling skilled nursing, senior living and other healthcare-related operations. As the number of facilities rises, revenues from skilled services are expected to increase, supported by higher occupancy rates and patient days, indicating robust growth in profits and the top line. This is reflected in the estimates.
<h2>ENSG&#39;s 2024 Estimates</h2>
The Zacks Consensus Estimate for Ensign&#39;s 2024 earnings indicates 14.1% year-over-year growth to $5.44 per share. It beat earnings estimates in each of the past four quarters, with an average surprise of 1.4%. Also, the consensus mark for 2024 revenues indicates a 13.1% jump from a year ago.
<h2>Price Performance</h2>
Shares of Ensign have jumped 23% in the past three months compared with the industry&#39;s 20.9% growth.
<h2>Zacks Rank &amp; Other Key Picks</h2>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/ff/76571.jpg?v=2074871970" />
Image Source: Zacks Investment Research
The company currently carries a Zacks Rank #2 (Buy). Investors can look at some other top-ranked stocks in the broader Medical&nbsp;space, like Universal Health Services, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/uhs#NYSE">UHS</a>), Tenet Healthcare Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/thc#NYSE">THC</a>) and Quest Diagnostics Incorporated (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dgx#NYSE">DGX</a>). While Universal Health and Tenet Healthcare currently sport a Zacks Rank #1 (Strong Buy) each, Quest Diagnostics carries a Zacks Rank #2.
The Zacks Consensus Estimate for Universal Health Services&#39; 2024 bottom line suggests 50.8% year-over-year growth. UHS witnessed two upward estimate revisions over the past month against no movement in the opposite direction. It beat earnings estimates in each of the last four quarters, with the average surprise being 14.6%.
The Zacks Consensus Estimate for Tenet Healthcare&#39;s 2024 bottom line is pegged at $10.70 per share, which indicates 53.3% growth from a year ago. During the past month, THC witnessed two upward estimate revisions against none in the opposite direction. It beat earnings estimates in each of the last four quarters, with the average surprise being 58.5%.
The Zacks Consensus Estimate for Quest Diagnostics&#39; 2024 full-year earnings implies a 2.1% increase from the year-ago reported figure. DGX beat earnings estimates in each of the last four quarters, with an average surprise of 3.3%. The consensus mark for its current-year revenues is pegged at $9.6 billion, which indicates a 3.3% year-over-year increase.
<a href="https://www.zacks.com/stock/news/2331595/ensign-adds-8-facilities-in-kansas-colorado-to-expand-footprint?cid=CS-BENZ-FT-analyst_blog|company_news_medical_sector-2331595">To read this article on Zacks.com click here.</a>

ENSG

Ensign Adds 8 Facilities in Kansas & Colorado to Expand Footprint

Karthik Kuppusamy, SVP at Quest Diagnostics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DGX#NYSE">DGX</a>), disclosed an insider sell on August 29, according to a recent SEC filing.
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0001022079/000102207924000174//Archives/edgar/data/1022079/000102207924000174/0001022079-24-000174-index.htm">U.S. Securities and Exchange Commission</a> on Thursday showed that Kuppusamy sold 1,990 shares of Quest Diagnostics. The total transaction amounted to $304,989. 
As of Friday morning, Quest Diagnostics shares are down by 0.0%, currently priced at $156.23.
<h3>Get to Know Quest Diagnostics Better</h3>
Quest Diagnostics is a leading independent provider of diagnostic testing, information, and services in the U.S. The company generates over 95% of its revenue through clinical testing, anatomic pathology, esoteric testing, and substance abuse testing with specimens collected at its national network of roughly 2,300 patient service centers, as well as multiple doctors offices and hospitals. The firm also runs a much smaller diagnostic solutions segment that provides clinical trials testing, risk assessment services, and information technology solutions.
<h3>Financial Insights: Quest Diagnostics</h3>
Revenue Growth: Over the 3 months period, Quest Diagnostics showcased positive performance, achieving a revenue growth rate of 2.52% as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Health Care sector.
Profitability Metrics:
<ul>
<li>
Gross Margin: The company maintains a high gross margin of 33.54%, indicating strong cost management and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): The company excels with an EPS that surpasses the industry average. With a current EPS of 2.05, Quest Diagnostics showcases strong earnings per share.
</li>
</ul>
Debt Management: Quest Diagnostics's debt-to-equity ratio is below the industry average. With a ratio of 0.77, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Market Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: The P/E ratio of 21.08 is lower than the industry average, implying a discounted valuation for Quest Diagnostics's stock.
</li>
<li>
Price to Sales (P/S) Ratio: With a lower-than-average P/S ratio of 1.87, the stock presents an attractive valuation, potentially signaling a buying opportunity for investors interested in sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Indicated by a lower-than-industry-average EV/EBITDA ratio of 12.68, the company suggests a potential undervaluation, which might be advantageous for value-focused investors.
</li>
</ul>
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
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<h3>The Impact of Insider Transactions on Investments</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.
When discussing legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated in Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are required to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
A new purchase by a company insider is a indication that they anticipate the stock will rise.
On the other hand, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>Understanding Crucial Transaction Codes</h3>
When it comes to transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> tend to focus on those in the open market, detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S indicates a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001022079">Check Out The Full List Of Quest Diagnostics's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Insider Unloading: Karthik Kuppusamy Sells $304K Worth Of Quest Diagnostics Shares

Phibro Animal Health&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pahc#NASDAQ">PAHC</a>) delivered adjusted earnings per share of 41 cents in the fourth quarter of fiscal 2024, up 7.9% from the year-ago quarter&#39;s level. The bottom line beat the Zacks Consensus Estimate by 20.6%.
Without adjustments, the GAAP EPS in the quarter was 2 cents, down 92.9% from the year-ago quarter&#39;s figure.
PAHC reported full-year adjusted EPS of $1.19, reflecting a 1.7% decline from fiscal 2023. The figure beat the Zacks Consensus Estimate by 6.25%.
<h2>PAHC&#39;s Net Sales</h2>
In the quarter under review, net sales totaled $273.2 million, up 7.1% from the year-ago quarter&#39;s level. The figure also topped the Zacks Consensus Estimate by 4.1%.
For fiscal 2024, the company reported net sales of $1.02 billion, up 4.1% from the prior-year level. The figure beat the Zacks Consensus Estimate by a marginal 1%.
<h2>Phibro&#39;s Segmental Sales</h2>
The company conducts its operations via three segments &mdash; Animal Health, Mineral Nutrition and Performance Products.
In the fourth quarter of fiscal 2024,&nbsp;Animal Health&#39;s net sales increased 8% to $191.5 million. Within the segment, net sales of medicated feed additives (MFAs) and others reflected 12% year-over-year growth. The uptick was driven by the increased demand for MFAs in both domestic and international regions and higher demand for processing aids used in the ethanol fermentation industry. The top line surpassed our model&#39;s projection of $181.8 million by 5.3%.
Nutritional specialty product sales decreased 4%, primarily due to lower demand for dairy products. However, net vaccine sales showed a year-over-year rise of 14%, mostly due to poultry product introductions in Latin America, along with an increase in domestic and international demand.
Net sales in the&nbsp;Mineral Nutrition&nbsp;segment rose 6% year over year to $62.1 million due to increased sales volume and higher average selling price. The top line surpassed our model&#39;s projection of $61.9 million by a marginal 0.3%.
Net sales in the&nbsp;Performance Products&nbsp;segment fell 1% to $19.6 million as a result of the decreased demand for personal care product ingredients and industrial chemicals. The top line surpassed our model&#39;s projection of $18 million by 8.9%.
<h2>Phibro Animal Health Corporation Price, Consensus and EPS Surprise</h2>
<div class="chart_embed"><img alt="Phibro Animal Health Corporation Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/9c/1724935133.png" style="height:265px; width:577px" title="" /></div>
<div class="chart_embed">Phibro Animal Health Corporation price-consensus-eps-surprise-chart | Phibro Animal Health Corporation Quote</div>
<h2>PAHC&#39;s Margin Performance</h2>
Phibro&#39;s fiscal fourth-quarter gross profit rose 13.8% year over year to $87.2 million. The gross margin expanded 188 basis points (bps) to 31.9% despite a 4.3% rise in the cost of goods sold.
SG&amp;A expenses in the reported quarter were $68.7 million, up 29.9% from the year-ago quarter&#39;s levels. The operating profit declined 21% year over year to $18.5 million and the operating margin contracted 252 bps to 6.8% in the quarter under review.
<h2>PAHC&#39;s Financial Update</h2>
The company exited the fourth quarter of fiscal 2024 with cash and short-term investments of $114.6 million compared with $98.7 million at the end of the fiscal third quarter.
Cumulative net cash provided by operating activities at the end of fiscal 2024 was $87.6 million compared with $13.3 million in the year-ago period.
<h2>Phibro&#39;s Fiscal 2025 Guidance</h2>
The company expects net sales to be between $1.04 billion and $1.09 billion. The Zacks Consensus Estimate for the metric is pegged at $1.25 billion.
Adjusted EPS is expected to be in the range of $1.22-$1.37. The Zacks Consensus Estimate for the same is pegged at $1.43.
<h2>Our Take on Phibro&#39;s Q4 Results</h2>
Phibro delivered better-than-expected revenues and earnings in the reported quarter. The core Animal Health segment benefited from the robust performance of the vaccine, MFAs and other businesses. Additionally, the Mineral Nutrition Products segment reported year-over-year growth.
The anticipated closing of the Zoetis Medicated Feed Additive portfolio acquisition in the coming months may lead to strong earnings accretion. It can also drive investments in the faster-growing vaccines, nutritional specialties and companion animal product segments.
Meanwhile, the contraction of the operating margin in the quarter is discouraging. Declining revenues from the Performance Products segment raise concern.
<h2>PAHC&#39;s Zacks Rank &amp; Other Key Picks</h2>
Phibro currently carries a Zacks Rank #2 (Buy).
Some other top-ranked stocks from the broader medical space are Intuitive Surgical (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/isrg#NASDAQ">ISRG</a>), TransMedics Group&nbsp;and Quest Diagnostics&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dgx#NYSE">DGX</a>).
Intuitive Surgical reported a second-quarter 2024 adjusted EPS of $1.78, which beat the Zacks Consensus Estimate by 16.3%. Revenues of $2.01 billion topped the consensus estimate by 2%. ISRG currently sports a Zacks Rank #1 (Strong Buy).
Intuitive Surgical has a long-term five-year earnings growth rate of 17.4% compared with the industry&#39;s 13.7%. The company&#39;s earnings surpassed estimates in each of the trailing four quarters, the average surprise being 8.97%.
TransMedics, carrying a Zacks Rank #1 at present, reported second-quarter 2024 earnings of 35 cents per share, which surpassed the Zacks Consensus Estimate by 66.7%. Revenues of $114.3 million topped the Zacks Consensus Estimate by 15.9%.
TMDX has an earnings growth rate of 51.7% for 2025 compared with the S&amp;P 500&#39;s 11.3%. The company beat on earnings in each of the trailing four quarters, the average surprise being 287.50%.
Quest Diagnostics, carrying a Zacks Rank #2 (Buy) at present, reported a second-quarter adjusted EPS of $2.35, which surpassed the Zacks Consensus Estimate by 1.7%. Revenues of $2.40 billion outpaced the Zacks Consensus Estimate by 0.5%.
DGX has a historical five-year earnings growth rate of 7.4% compared with the industry&#39;s 4.2%. The company&#39;s earnings surpassed estimates in each of the trailing four quarters, the average surprise being 3.31%.
<a href="https://www.zacks.com/stock/news/2328933/phibro-q4-earnings-and-revenues-beat-operating-margin-down?cid=CS-BENZ-FT-analyst_blog|earnings_article-2328933">To read this article on Zacks.com click here.</a>

ISRG

PAHC

Phibro Q4 Earnings and Revenues Beat, Operating Margin Down

Evercore ISI Group analyst Elizabeth Anderson reinstates Quest Diagnostics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DGX#NYSE">DGX</a>) with a In-Line and announces $165 price target.

Price Target

Initiation

Evercore ISI Group Reinstates In-Line on Quest Diagnostics, Announces $165 Price Target

7 analysts have expressed a variety of opinions on Quest Diagnostics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DGX#NYSE">DGX</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $155.57, a high estimate of $165.00, and a low estimate of $150.00. Surpassing the previous average price target of $147.71, the current average has increased by 5.32%.
<img src="https://www.benzinga.com/files/images/story/2024/1724770822_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
A comprehensive examination of how financial experts perceive Quest Diagnostics is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Stephanie Davis</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$154.00</td>
<td>$144.00</td>
</tr>
<tr>
<td>David Westenberg</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Neutral</td>
<td>$150.00</td>
<td>$145.00</td>
</tr>
<tr>
<td>Eric Coldwell</td>
<td>Baird</td>
<td>Raises</td>
<td>Neutral</td>
<td>$154.00</td>
<td>$153.00</td>
</tr>
<tr>
<td>David Macdonald</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Hold</td>
<td>$158.00</td>
<td>$150.00</td>
</tr>
<tr>
<td>Patrick Donnelly</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$165.00</td>
<td>$145.00</td>
</tr>
<tr>
<td>Eric Coldwell</td>
<td>Baird</td>
<td>Raises</td>
<td>Neutral</td>
<td>$153.00</td>
<td>$145.00</td>
</tr>
<tr>
<td>Lisa Gill</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Neutral</td>
<td>$155.00</td>
<td>$152.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Quest Diagnostics. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Quest Diagnostics compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of Quest Diagnostics's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Quest Diagnostics's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/DGX/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Quest Diagnostics analyst ratings.</a>
<h2>Delving into Quest Diagnostics's Background</h2>
Quest Diagnostics is a leading independent provider of diagnostic testing, information, and services in the U.S. The company generates over 95% of its revenue through clinical testing, anatomic pathology, esoteric testing, and substance abuse testing with specimens collected at its national network of roughly 2,300 patient service centers, as well as multiple doctors offices and hospitals. The firm also runs a much smaller diagnostic solutions segment that provides clinical trials testing, risk assessment services, and information technology solutions.
<h3>Quest Diagnostics: Delving into Financials</h3>
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
Revenue Growth: Quest Diagnostics displayed positive results in 3 months. As of 30 June, 2024, the company achieved a solid revenue growth rate of approximately 2.52%. This indicates a notable increase in the company's top-line earnings. When compared to others in the Health Care sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Quest Diagnostics's net margin is impressive, surpassing industry averages. With a net margin of 9.51%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Quest Diagnostics's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 3.49%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 1.64%, the company showcases effective utilization of assets.
Debt Management: Quest Diagnostics's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.77.
<h2>The Basics of Analyst Ratings</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

What Analysts Are Saying About Quest Diagnostics Stock

Barclays analyst Stephanie Davis maintains Quest Diagnostics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DGX#NYSE">DGX</a>) with a Equal-Weight and raises the price target from $144 to $154.

Barclays Maintains Equal-Weight on Quest Diagnostics, Raises Price Target to $154

Ekso Bionics (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ekso#NASDAQ">EKSO</a>) has reached a significant milestone in terms of transforming mobility solutions, particularly for individuals with spinal cord injuries. The company recently secured initial reimbursement from the Centers for Medicare &amp; Medicaid Services for its Ekso Indego Personal exoskeleton.
This achievement is poised to expand Ekso Bionics&#39; foothold in the growing exoskeleton technology market, which is gaining traction in both medical and industrial sectors.
<h2>Strategic Implications</h2>
The CMS reimbursement marks a pivotal moment for Ekso Bionics, as it opens up substantial opportunities in a market where cost has often been a barrier to access. With tens of thousands of Medicare beneficiaries living with SCI covered by Medicare, the reimbursement approval validates the efficacy and value of the Ekso Indego Personal. It will also significantly increase the addressable market for the device, which Ekso will be working to access in late 2024 and beyond.
This is expected to drive demand, thereby solidifying Ekso Bionics&#39; position in the competitive landscape of medical exoskeletons.
<h2>Strategic Path Forward</h2>
Ekso Bionics is strategically positioned to leverage this reimbursement milestone to tap into a larger market. The company plans to collaborate with Medicare Advantage plans and commercial insurers later in 2024, aiming to make Ekso Indego Personal accessible to a broader spectrum of users.
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Moreover, the recently launched EksoHealth Personal Program will further streamline access by ensuring that potential users are well-suited for the device, enhancing patient outcomes and satisfaction.
<h2>Market Prospect</h2>
Going by a Market Research Future report, the exoskeleton market is projected to grow from $1.11 billion in 2023 to $16.0 billion by 2032, exhibiting a CAGR of 39.50% during the forecast period.
As the exoskeleton technology market continues to expand, particularly in the medical field, Ekso Bionics&#39; achievement with CMS reimbursement is a crucial step in driving the adoption of these life-changing devices. By making advanced mobility solutions more accessible and affordable, Ekso Bionics is perfectly positioned to become a dominant player in the exoskeleton technology industry.
<h2>Share Price Performance</h2>
Year to date, shares of EKSO have plunged 57.2% against the industry&#39;s 9.7% growth.
<h2>Zacks Rank and Other Key Picks</h2>
EKSO currently carries a Zacks Rank #2 (Buy).
Some other top-ranked stocks in the broader medical space are Intuitive Surgical (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/isrg#NASDAQ">ISRG</a>), TransMedics Group (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tmdx#NASDAQ">TMDX</a>) and Quest Diagnostics (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dgx#NYSE">DGX</a>). While Intuitive Surgical and TransMedics sport a Zacks Rank #1 (Strong Buy) each, Quest Diagnostics carries a Zacks Rank #2 (Buy).
Intuitive Surgical&#39;s shares have surged 61.3% in the past year. Estimates for the company&#39;s earnings have remained constant at $6.67 per share for 2024 in the past 30 days.
ISRG&#39;s earnings beat estimates in each of the trailing four quarters, delivering an average surprise of 8.97%. In the last reported quarter, it posted an earnings surprise of 16.34%.
Estimates for TransMedics&#39; 2024 EPS have moved up 48.1% to $1.20 in the past 30 days. Shares of the company have soared 187.6% in the past year compared with the industry&#39;s 12.4% growth.
TMDX&#39;s earnings surpassed estimates in each of the trailing four quarters, the average surprise being 287.50%. In the last reported quarter, it delivered an earnings surprise of 66.67%.
Estimates for Quest Diagnostics&#39; 2024 EPS have increased 0.2% to $8.89 in the past 30 days. In the past year, shares of DGX have risen 15.9% compared with the industry&#39;s 22.4% growth.
In the last reported quarter, DGX delivered an earnings surprise of 1.73%. The company has a trailing four-quarter average earnings surprise of 3.31%.
<a href="https://www.zacks.com/stock/news/2327134/ekso-bionics-ekso-addressable-market-to-grow-on-cms-update?cid=CS-BENZ-FT-analyst_blog|company_news_medical_sector-2327134">To read this article on Zacks.com click here.</a>

Penny Stocks

EKSO

TMDX

Ekso Bionics Addressable Market to Grow on CMS Update

Labcorp Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LH#NYSE">LH</a>) is reportedly collaborating with U.S. health regulators to determine whether it should scale up its mpox testing capabilities, following global concerns over a newly detected <a target="_blank" href="https://www.benzinga.com/general/biotech/24/08/40554882/tonix-pharma-collaborates-with-worlds-largest-vaccine-manufacturer-for-mpox-vaccine" rel="noreferrer noopener">virus strain outside Africa</a>.
According to Marcia Eisenberg, the company's chief scientific officer, Labcorp currently processes around 500 mpox tests monthly but can ramp up to 25,000 if necessary, Reuters noted, citing an emailed statement.
Also Read: <a target="_blank" href="https://www.benzinga.com/general/biotech/24/08/40418733/mpox-vaccine-maker-bavarian-nordic-targets-broader-access-with-european-submission-for-imvanex-ad" rel="noreferrer noopener">Mpox Vaccine Maker Bavarian Nordic Targets Broader Access With European Submission For Imvanex Adolescent Use During WHO Emergency</a>.
The company recently received U.S. clearance for a home collection kit that doctors can order for patients aged 18 and older who are suspected of having mpox.
The clade Ib variant, previously found in the Democratic Republic of Congo and surrounding regions, has been detected in countries like Sweden and Thailand.
Labcorp, which produces a PCR test to detect mpox, is among several companies working on enhancing mpox testing infrastructure. Roche Holdings AG (OTC:<a class="ticker" href="https://www.benzinga.com/stock/RHHBY#OTC">RHHBY</a>) stated it is also monitoring global demand and exploring ways to leverage existing HIV testing infrastructure for mpox and other diseases in collaboration with African regulators.
Roche emphasized that its production capacities are designed to adapt to fluctuating global needs.
Other major diagnostics companies are also involved. Quest Diagnostics Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DGX#NYSE">DGX</a>) offers mpox testing services, while Abbott Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABT#NYSE">ABT</a>) has developed the Alinity m test kit, which is authorized for emergency use in the U.S. as part of the ongoing response to the mpox outbreak.
Reuters also noted that Germany would donate 100,000 mpox vaccine doses from its military reserves to support efforts in containing the outbreak in Africa, a government spokesperson announced on Monday.
The government also plans to provide the World Health Organization with flexible funding to fight the virus and will back African partners through the GAVI vaccination alliance.
Germany currently holds around 117,000 doses of the Bavarian Nordic A/S (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BVNRY#OTC">BVNRY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BVNKF#OTC">BVNKF</a>)&nbsp;Jynneos vaccine, initially acquired for <a target="_blank" href="https://www.benzinga.com/news/24/08/40384390/mpox-declared-a-global-public-health-emergency-by-who-amid-rapid-international-spread" rel="noreferrer noopener">military stockpiling in 2022</a>.
Price Action: LH stock is up 0.29% at $231.56 at last check Monday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/biotech/24/08/40558289/major-investor-says-galapagos-is-undervalued-plans-to-push-on-companys-performance-and-strategic-" target="_blank" rel="noreferrer noopener">Major Investor Says Galapagos Is ‘Undervalued,' Plans To Push On Company's ‘Performance' And ‘Strategic Opportunities'</a></li>
</ul>
Photo by NIAID via <a href="https://www.flickr.com/photos/niaid/52508743460/">Flickr</a>

Media

BVNKF

BVNRY

Laboratory Corporation Of America Holdings

RHHBY

Diagnostic Giants Labcorp, Roche To Ramp Up Testing Capacity Amid Global Concerns Over New Mpox Strain

SI-BONE, Inc.&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sibn#NASDAQ">SIBN</a>) has recently received FDA 510(k) clearance for its iFuse TORQ TNT implant system (&quot;TNT&quot;). The TNT implant system is the first anatomy-specific system designed to meet the biomechanical challenges presented by pelvic fragility fractures.
FDA has determined that TNT has the potential to provide more effective treatment of pelvic fragility fractures than the current standard of care, such as cannulated screws. The latest development highlights SI-BONE&#39;s capability to develop a platform of unique solutions that target large unmet clinical needs.
<h2>About the TNT Implant System</h2>
The TNT implant system is designed for the specific anatomical and bone mineral density needs of the sacrum and ilium. TNT comes with a porous threaded implant with lengths capable of spanning the posterior pelvis, passing through the ipsilateral ilium, sacrum and into the contralateral ilium. It includes a system specially designed for sacropelvic anatomy to reduce the rate of screw backout.
TNT improves early fixation and reduces the rate of screw backout, which may allow for early patient weight-bearing and mobilization. It will serve as the next-generation technology for pelvic fragility fracture fixation and sacroiliac joint fusion.
TNT was awarded the Breakthrough Device Designation earlier by the FDA.
<h2>Industry Prospects</h2>
Per a Grand View Research report, the global&nbsp;sacroiliac joint fusion market size was valued at $721.2 million in 2023&nbsp;and is anticipated to witness a CAGR of 19.8% from 2024 to 2030. Primary factors driving the market growth include the increasing prevalence of pain in the lower back, buttocks, groin and lower extremities, technological advancements and rising incidence of sacroiliitis or sacroiliac joint dysfunction.
Furthermore, the market growth is supported by developments in minimally invasive surgical techniques, insurance coverage improvements and major companies&#39; proactive efforts.
Looking at the market potential, SI-BONE&#39;s latest progress for its TNT system is well-timed.
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<h2>Other Recent Developments</h2>
In May 2024, SI-BONE expanded its iFuse Bedrock Granite implant system portfolio with the launch of Granite 9.5, followed by FDA 510(k) premarket clearance&nbsp;in January. Granite 9.5 is suitable for patients with smaller anatomy and allows easier placement of stacked implants in the sacroalar-iliac trajectory.
<h2>Price Performance of SIBN</h2>
Shares of SIBN have lost 21.2% in the year-to-date period against the industry&#39;s 9.4% growth.
<h2>Zacks Rank and Other Key Picks</h2>
SI-BONE currently carries a Zacks Rank #2 (Buy).
Some other top-ranked stocks in the broader medical space are Intuitive Surgical (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/isrg#NASDAQ">ISRG</a>), TransMedics Group (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tmdx#NASDAQ">TMDX</a>) and Quest Diagnostics (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dgx#NYSE">DGX</a>). While Intuitive Surgical and TransMedics sport a Zacks Rank #1 (Strong Buy) each, Quest Diagnostics currently carries a Zacks Rank of 2.
Intuitive Surgical&#39;s shares have surged 61.3% in the past year. Estimates for the company&#39;s earnings have remained constant at $6.67 per share for 2024 in the past 30 days.
ISRG&#39;s earnings beat estimates in each of the trailing four quarters, delivering an average surprise of 8.97%. In the last reported quarter, it posted an earnings surprise of 16.34%.
Estimates for TransMedics&#39; 2024 earnings per share have moved up 48.1% to $1.20 in the past 30 days. Shares of the company have gained 187.6% in the past year compared with the industry&#39;s 12.4% growth.
TMDX&#39;s earnings surpassed estimates in each of the trailing four quarters, the average surprise being 287.50%. In the last reported quarter, it delivered an earnings surprise of 66.67%.
Estimates for Quest Diagnostics&#39; 2024 EPS have increased 0.2% to $8.89 in the past 30 days. In the past year, shares of DGX have risen 15.9% compared with the industry&#39;s 22.4% growth.
In the last reported quarter, DGX delivered an earnings surprise of 1.73%. The company has a trailing four-quarter average earnings surprise of 3.31%.
<a href="https://www.zacks.com/stock/news/2326907/si-bone-sibn-receives-fda-nod-for-its-tnt-implant-system?cid=CS-BENZ-FT-analyst_blog|company_news_medical_sector-2326907">To read this article on Zacks.com click here.</a>

SIBN

SI-BONE Receives FDA Nod for Its TNT Implant System

PROCEPT BioRobotics (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/prct#NASDAQ">PRCT</a>) recently announced FDA 510(k) clearance of its next-generation platform, the HYDROS Robotic System. This clearance marks an important achievement for PROCEPT BioRobotics as Aquablation therapy continues its rapid adoption, with more than 400 robotic systems now installed across the United States.
HYDROS Robotic System presents major technological innovations intended for broad market adoption after years of research and development, which the company expects to drive the next stage of its growth.
<h2>More on the HYDROS Robotic System</h2>
Aquablation therapy is&nbsp;a minimally invasive surgical procedure that uses a computer-controlled waterjet to remove prostate tissue, which causes lower urinary tract symptoms due to benign prostatic hyperplasia (BPH).
The HYDROS Robotic System represents the next evolution in the delivery of Aquablation therapy, combining cutting-edge technology with user-friendly features designed to deliver better clinical outcomes for patients and healthcare providers.
HYDROS features FirstAssist AI treatment planning, advanced image guidance, robotic resection, and a streamlined workflow. HYDROS is intended to increase productivity, elevate the experience of surgeons and personnel, and provide a more precise and consistent treatment plan for superior clinical results.
HYDROS is likely to move to full market release within the current quarter and be available immediately to hospitals across the United States.
<h2>Key Features of the HYDROS Robotic System</h2>
HYDROS System features FirstAssist AI, which uses advanced image recognition software to precisely detect important anatomy on ultrasound and recommend the best course of action for each patient. It was developed using a library of actual Aquablation therapy treatments.
The system combines digital cystoscopy, next-generation ultrasound imaging, and two high-definition touchscreens to provide simultaneous viewing of ultrasound and cystoscopy pictures and improved anatomy visualization.
The robot executes the surgeon&#39;s treatment plan to remove obstructive tissue while safeguarding vital anatomical structures using a heat-free waterjet. This enables efficient and predictable waterjet execution, standardizing the operative experience across a wide range of prostate sizes and shapes.
<h2>Industry Prospects</h2>
Per a report by Grand View Research, the global BPH treatment devices market, valued at $1.42 billion in 2022, is projected to witness a CAGR of 8.9% from 2023 to 2030.
Technological improvements, increased prevalence of urological illnesses, and growing patient awareness of potential treatment options have all contributed to the expansion of the BPH treatment device market.
The need for BPH treatment devices is also expected to rise soon due to the growing demand for innovative, minimally invasive, non-invasive technologies and Aquablation treatments, which have fewer side effects and quicker recovery times than open surgical techniques.
<h2>Price Performance</h2>
For the year-to-date period, PRCT&#39;s shares have gained 99% compared with the industry&#39;s rise of 9.4%. The S&amp;P 500 increased 17.8% in the same time frame.
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<h2>Zacks Rank &amp; Stocks to Consider</h2>
PRCT carries a Zacks Rank #3 (Hold) at present.
Some better-ranked stocks in the broader medical space are&nbsp;Universal Health Service&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/uhs#NYSE">UHS</a>),&nbsp;Quest Diagnostics&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dgx#NYSE">DGX</a>) and&nbsp;ABM Industries&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/abm#NYSE">ABM</a>). While Universal Health Service sports a Zacks Rank #1 (Strong Buy), Quest Diagnostics and ABM Industries carry a Zacks Rank #2 (Buy).
Universal Health Service has an estimated long-term growth rate of 19%. UHS&#39; earnings surpassed estimates in each of the trailing four quarters, with the average being 14.58%.
Universal Health Service has gained 41.1% compared with the&nbsp;industry&#39;s&nbsp;34.8% rise so far this year.
Quest Diagnostics has an estimated long-term growth rate of 6.20%. DGX&#39;s earnings surpassed estimates in each of the trailing four quarters, with the average surprise being 3.31%.
Quest Diagnostics shares have gained 3.7% so far this year compared with the&nbsp;industry&#39;s&nbsp;10.2% rise.
ABM Industries&#39; earnings surpassed estimates in each of the trailing four quarters, delivering an average surprise of 7.34%.
ABM&#39;s shares have risen 24.1% so far this year compared with the&nbsp;industry&#39;s&nbsp;11.9% growth.
<a href="https://www.zacks.com/stock/news/2325937/procept-biorobotics-prct-hydros-system-gets-fda-clearance?cid=CS-BENZ-FT-analyst_blog|company_news_medical_sector-2325937">To read this article on Zacks.com click here.</a>

PRCT

PROCEPT BioRobotics' HYDROS System Gets FDA Clearance

Omnicell, Inc.&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/omcl#NASDAQ">OMCL</a>) recently announced Central Med Automation Service, a subscription-based solution. It is designed to help health systems establish and continuously optimize centralized medication management for Consolidated Pharmacy Services Centers (&quot;CPSCs&quot;) and similar operations.&nbsp;
<h3>About Central Med Automation Service</h3>
Intended to streamline medication dispensing from a central fulfillment area throughout the entire health system enterprise, this solution is expected to improve inventory visibility, scalability and patient safety.
The traditional methods of medication management can lead to multi-vendor environments that may complicate workflows, often creating unnecessary redundancy and increasing chances of error.Pharmacy leaders often lack the capital budgets, resources and expertise necessary to transform their infrastructure and scale it over time. Omnicell&#39;s Central Med Automation Service is designed to help health systems develop and execute a central fill strategy while providing the support necessary to ensure this environment meets the current and future medication management needs.
<h3>Features of Central Med Automation Service</h3>
Central Med Automation Service helps seamlessly integrate enterprise-wide robotics, smart devices and intelligent software with expert services.
Within the Robotics &amp; Smart Devices segment, Central Med Automation Service contains XR2 Automated Central Pharmacy System, which is aimed to improve inventory visibility, efficiency and patient safety. In the software segment, Central Med Automation Service has the Central Pharmacy Manager software, designed to support centralized medication management workflows within a CPSC, including medication ordering, receiving, picking, verifying and restocking.&nbsp;
Additionally, it also comes with an Inventory Optimization Service &mdash;a combination of software and expert services. This solution helps provide enterprise-wide inventory visibility and management of medication par levels, expiration dates and usage patterns delivered through data-rich dashboards.
The expert services include tailored guidance from Omnicell experts and dedicated on-site assistance to operate robotics and smart devices. Omnicell expert services utilize data analytics to deliver operational performance metrics, facilitating informed decision-making and continuous improvement in efficiency.
<h3>More on the News</h3>
Central Med Automation Service&#39;s capabilities can be extended by adding several complementary robotics, smart devices and software tools. These include Omnicell&#39;s suite of pharmacy carousels and packagers, 340B program management software and Central Pharmacy Manager Mobile Workstation.
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<h3>Industry Prospects</h3>
Per a Grand View Research report, the global medical automation market was valued at $44.44 billion in 2022 and is expected to witness a CAGR of 9.04% from 2023 to 2030. Primary factors driving the market include the adoption of automated instruments by drug discovery departments of pharmaceutical companies, the rise in need for miniaturization, and technological advancements, coupled with the rise in demand for robot-assisted surgeries.
Looking at the market potential, it can be seen that the latest development is well-timed and beneficial for Omnicell&#39;s growth.
<h3>Another Recent Development</h3>
Earlier this year, Omnicell introduced XT Amplify &mdash; a multi-year innovation program that is intended to maximize value for hospitals, health systems and post-acute care facilities that have invested in Omnicell&#39;s XT Automated Dispensing System.
<h3>Price Performance</h3>
Year to date, shares of OMCL have risen 12.1% against the industry&#39;s 10.6% decline.
<h3>Zacks Rank and Key Picks</h3>
Omnicell currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader medical space are Intuitive Surgical (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/isrg#NASDAQ">ISRG</a>), TransMedics Group (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tmdx#NASDAQ">TMDX</a>) and Quest Diagnostics (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dgx#NYSE">DGX</a>). While Intuitive Surgical and TransMedics sport a Zacks Rank #1 (Strong Buy) each, Quest Diagnostics carries a Zacks Rank #2 (Buy).
Intuitive Surgical&#39;s shares have surged 68.3% in the past year. Estimates for the company&#39;s earnings have remained constant at $6.67 per share for 2024 in the past 30 days.
ISRG&#39;s earnings beat estimates in each of the trailing four quarters, delivering an average surprise of 8.97%. In the last reported quarter, it posted an earnings surprise of 16.34%.
Estimates for TransMedics&#39; 2024 EPS have moved up 48.1% to $1.20 cents in the past 30 days. Shares of the company have soared 153.2% in the past year compared with the industry&#39;s 12.6% growth.
TMDX&#39;s earnings surpassed estimates in each of the trailing four quarters, the average surprise being 287.50%. In the last reported quarter, it delivered an earnings surprise of 66.67%.
Estimates for Quest Diagnostics&#39; 2024 EPS have increased 0.3% to $8.88 in the past 30 days. In the past year, shares of HAE have risen 14% compared with the industry&#39;s 21.2% growth.
In the last reported quarter, DGX delivered an earnings surprise of 1.73%. The company has a trailing four-quarter average earnings surprise of 3.31%.
<a href="https://www.zacks.com/stock/news/2325052/omnicell-omcl-introduces-central-med-automation-service?cid=CS-BENZ-FT-analyst_blog|company_news_medical_sector-2325052">To read this article on Zacks.com click here.</a>

Management

OMCL

Omnicell Introduces Central Med Automation Service

Transaction to broaden access to innovative, quality diagnostic&nbsp;information services powering affordable care in Ohio
SECAUCUS, N.J., and CLEVELAND, Aug. 21, 2024 /PRNewswire/ -- Quest Diagnostics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DGX#NYSE">DGX</a>), a leading provider of diagnostic information services, and University Hospitals, one of the nation's leading nonprofit health systems and academic medical centers, today announced a definitive agreement for Quest to acquire select assets of University Hospitals' outreach laboratory services business.
The transaction will broaden access in Ohio to Quest's industry-leading and innovative test menu, network of convenient patient access sites and broad health plan coverage.

Quest Diagnostics To Acquire University Hospitals' Outreach Laboratory Services Business; Financial Terms Not Disclosed

Avantor, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/avtr#NYSE">AVTR</a>) recently signed a definitive agreement to divest its clinical services business, including kitting, biorepository, and related equipment and ancillaries (collectively known as Clinical Services), to Audax Private Equity (Audax). The transaction is expected to close in the fourth quarter of 2024, subject to regulatory approvals and other customary closing conditions.
The clinical services business is currently part of Avantor&#39;s Laboratory Solutions segment.
Avantor&#39;s management plans to discuss the divestiture on its third-quarter 2024 earnings conference call.
The divestiture is expected to enable the company to enhance its focus on strategic growth opportunities in its lab and production businesses while strengthening its balance sheet.
<h3>Rationale Behind the Divestiture</h3>
Avantor expects the transaction to result in approximately $475 million in after-tax cash proceeds and a reduction of approximately $50 million in capitalized leases. Management intends to utilize the after-tax proceeds for debt paydown, which will likely strengthen the company&#39;s balance sheet and reduce interest expenses.
Per management, the agreement is an important step for Avantor as it continues to optimize its portfolio in line with its new operating model. The deal is expected to accelerate its ongoing business transformation and sharpen the company&#39;s strategic focus.
<h3>Industry Prospects</h3>
Per a report by Future Market Insights, the global analytical laboratory service market is valued at $472.6 million in 2024 and is projected to be worth $1,375 million by 2034 at a CAGR of 11.3%. Factors like the growing popularity of point-of-care testing and the increasing adoption of smart lab infrastructure with sensor networks are likely to drive the market.
Given the market potential, the latest divestiture will likely provide a significant impetus to Avantor&#39;s lab and production businesses.
<h3>Notable Development</h3>
Last month, Avantor reported its second-quarter 2024 results, wherein it registered an improved mix from increased bioprocessing revenues. This, along with the accelerated impact of its cost transformation initiative, drove more than 100 basis points of sequential adjusted EBITDA margin expansion during the quarter.
<h3>Price Performance</h3>
Shares of Avantor have gained 15.1% in the past year compared with the 7.9% rise of the industry and 26.3% growth of the S&amp;P 500.
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<h3>Zacks Rank &amp; Key Picks</h3>
Currently, Avantor carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader medical space are DaVita Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dva#NYSE">DVA</a>), Quest Diagnostics Incorporated (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dgx#NYSE">DGX</a>) and Boston Scientific Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bsx#NYSE">BSX</a>).
DaVita, sporting a Zacks Rank #1 (Strong Buy) at present, has an estimated long-term growth rate of 17.5%. DVA&#39;s earnings surpassed estimates in each of the trailing four quarters, with the average surprise being 24.2%.
DaVita&#39;s shares have gained 47.5% compared with the industry&#39;s 20.4% rise in the past year.
Quest Diagnostics, carrying a Zacks Rank of 2 (Buy) at present, has an estimated long-term growth rate of 6.2%. DGX&#39;s earnings surpassed estimates in each of the trailing four quarters, with the average being 3.3%.
Quest Diagnostics has gained 13.9% compared with the industry&#39;s 20.4% rise in the past year.
Boston Scientific, carrying a Zacks Rank of 2 at present, has an estimated long-term growth rate of 12.6%. BSX&#39;s earnings surpassed estimates in each of the trailing four quarters, with the average surprise being 7.2%.
Boston Scientific&#39;s shares have rallied 55.2% compared with the industry&#39;s 11.1% rise in the past year.
<a href="https://www.zacks.com/stock/news/2323844/avantor-avtr-inks-deal-to-optimize-portfolio-reduce-debt?cid=CS-BENZ-FT-analyst_blog|company_news_medical_sector-2323844">To read this article on Zacks.com click here.</a>

AVTR

Avantor Inks Deal to Optimize Portfolio, Reduce Debt

McKesson&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mck#NYSE">MCK</a>) is witnessing strong momentum, with its shares having rallied 18.3% year to date compared with 0.6% growth of the&nbsp;industry. The S&amp;P 500 Composite has risen 16.5% during the same time frame.
With healthy fundamentals and strong growth opportunities, this Zacks Rank #3 (Hold) company appears to be a solid wealth creator for its investors at the moment.
Headquartered in San Francisco, CA, McKesson is a healthcare services and information technology company with two operating segments &mdash; Distribution Solutions and Technology Solutions. The first segment distributes branded and generic pharmaceutical drugs, along with other healthcare-related products, on a global basis. It also provides practice management, technology, clinical support and business solutions. The second segment offers enterprise-wide clinical, patient care, financial, supply chain and strategic management software solutions.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/41/74620.jpg?v=129418765" />
Image Source: Zacks Investment Research
<h3>Catalysts Driving Growth</h3>
The rally in MCK&#39;s shares can be attributed to the strength of its robust U.S. Pharmaceutical business. This optimism, led by a solid first-quarter performance and increasing demand for healthcare, is expected to contribute further.
Investors seem to be optimistic regarding the updated earnings guidance. On first-quarter 2025 earnings call, McKesson raised its adjusted earnings per share guidance for fiscal 2025. It now expects adjusted EPS in the range of $31.75-$32.55 (previously $31.25-$32.05), which represents growth of 16-19% from the prior-year level. Revenues are expected to grow 15-17% from the prior-year figure.
The company recorded a significant uptick in its overall top line during the first quarter. This growth was primarily driven by the U.S. Pharmaceutical segment, which saw increased prescription volumes, including higher volumes from specialty products, retail national account customers and GLP-1 medications.
As a result of the major market disruption caused by COVID-19 during the past three years, McKesson has benefited from improved demand across numerous verticals within the medical sector, particularly surgeries. A rebound in demand-driven volumes is also being observed by the company. Sales are also being positively impacted by increasing product pricing.
In April, McKesson launched Project Oasis, an initiative aimed at advancing health equity for at-risk populations in underserved communities. The rising demand for extended and primary care is expected to drive the top line of the Medical-Surgical business in fiscal 2025.
However, a weak first-quarter Medical-Surgical business due to challenges in the primary care channel raises concerns. Although the company has started boosting its operational efficiency and increasing its cost optimization efforts, it will likely take a while to get reflected in the company&#39;s performance.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<h3>Stocks to Consider</h3>
Some better-ranked stocks in the broader medical space are&nbsp;Universal Health Service&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/uhs#NYSE">UHS</a>),&nbsp;Quest Diagnostics&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dgx#NYSE">DGX</a>) and&nbsp;ABM Industries&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/abm#NYSE">ABM</a>). While Universal Health Service sports a Zacks Rank #1 (Strong Buy), Quest Diagnostics and ABM Industries carry a Zacks Rank #2 (Buy).
Universal Health Service has an estimated long-term growth rate of 19%. UHS&#39; earnings surpassed estimates in each of the trailing four quarters, with the average being 14.58%.
Universal Health Service has gained 41.1% compared with the&nbsp;industry&#39;s&nbsp;34.8% rise so far this year.
Quest Diagnostics has an estimated long-term growth rate of 6.20%. DGX&#39;s earnings surpassed estimates in each of the trailing four quarters, with the average surprise being 3.31%.
Quest Diagnostics shares have gained 3.7% so far this year compared with the&nbsp;industry&#39;s&nbsp;10.2% rise.
ABM Industries&#39; earnings surpassed estimates in each of the trailing four quarters, delivering an average surprise of 7.34%.
ABM&#39;s shares have risen 24.1% so far this year compared with the&nbsp;industry&#39;s&nbsp;11.9% growth.
<a href="https://www.zacks.com/stock/news/2323842/mckesson-mck-stock-gains-18-ytd-what-s-driving-the-rally?cid=CS-BENZ-FT-analyst_blog|price_surge_/_plunge-2323842">To read this article on Zacks.com click here.</a>

McKesson Stock Gains 18% YTD: What's Driving the Rally?

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