Based on the key indicators related to Quest Diagnostics' liquidity, profitability, solvency, and operating efficiency, Quest Diagnostics Incorporated is not in a good financial situation at this time. It has a very high probability of going through financial hardship in December. At this time, Quest Diagnostics' Property Plant And Equipment Net is fairly stable compared to the past year. Retained Earnings is likely to rise to about 9.3 B in 2024, whereas Total Assets are likely to drop slightly above 8.5 B in 2024. Key indicators impacting Quest Diagnostics' financial strength include:
Investors should never underestimate Quest Diagnostics' ability to pay suppliers on time, ensure interest payments are not accumulating, and correctly time where and how to reinvest extra cash. Individual investors need to monitor Quest Diagnostics' cash flow, debt, and profitability to make informed and accurate decisions about investing in Quest Diagnostics Incorporated.
Cash And Equivalents
654.97 Million
Quest
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Understanding current and past Quest Diagnostics Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Quest Diagnostics' financial statements are interrelated, with each one affecting the others. For example, an increase in Quest Diagnostics' assets may result in an increase in income on the income statement.
Please note, the imprecision that can be found in Quest Diagnostics' accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Quest Diagnostics Incorporated. Check Quest Diagnostics' Beneish M Score to see the likelihood of Quest Diagnostics' management manipulating its earnings.
Quest Diagnostics Stock Summary
Quest Diagnostics competes with Humana, and Elevance Health. Quest Diagnostics Incorporated provides diagnostic testing, information, and services in the United States and internationally. Quest Diagnostics Incorporated was founded in 1967 and is headquartered in Secaucus, New Jersey. Quest Diagnostics operates under Diagnostics Research classification in the United States and is traded on New York Stock Exchange. It employs 50000 people.
An income statement is very similar to a cash flow statement, but instead of showing net revenue minus expenses, it only includes earnings before interest and taxes (EBIT). This number does not have all of the same line items that are on a cash flow statement, but it leaves out non-cash expenses like depreciation and amortization. For example, if you bought $100 worth of goods from Walmart (WMT) using your debit card that has an interest rate of 20%, then paid off the balance at the end of the month with a credit card that charges 30% interest, you would have an income statement showing EBIT of $80 because your expenses are lower than the amount that went into your pocket.
Cash flow analysis captures how much money flows into and out of Quest Diagnostics. It measures of how well Quest is doing because it can show the actual money that comes into and out of the Company from sales instead of measuring expenses against revenue to determine earnings. You have to read the cash flow statement in three sections. The first section shows how much money Quest Diagnostics brought in, usually known as net revenue or sales. This is different from earnings because it does not include expenses when determining net revenue for use on this part of the cash flow statement. Next, are operating activities, which show how much money Quest had leftover after paying for its expenses. This number can be calculated in two ways: by subtracting the total of all operating expenses from net revenue or by adding up changes to cash and other assets or liabilities on this part of the statement. The third section is about investing activities, which shows what Quest Diagnostics has done with the money that it received from the sale of assets or what it spent to acquire new ones. This section can be broken down into two parts: investing in existing businesses (in other words, buying more stock) and investing in non-business activities like paying off debt or making acquisitions.
Comparative valuation techniques use various fundamental indicators to help in determining Quest Diagnostics's current stock value. Our valuation model uses many indicators to compare Quest Diagnostics value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Quest Diagnostics competition to find correlations between indicators driving Quest Diagnostics's intrinsic value. More Info.
Quest Diagnostics Incorporated is rated # 2 in return on equity category among its peers. It also is rated # 2 in return on asset category among its peers reporting about 0.43 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Quest Diagnostics Incorporated is roughly 2.34 . At this time, Quest Diagnostics' Return On Equity is fairly stable compared to the past year. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Quest Diagnostics' earnings, one of the primary drivers of an investment's value.
Quest Diagnostics Systematic Risk
Quest Diagnostics' systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Quest Diagnostics volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was three with a total number of output elements of fifty-eight. The Beta measures systematic risk based on how returns on Quest Diagnostics correlated with the market. If Beta is less than 0 Quest Diagnostics generally moves in the opposite direction as compared to the market. If Quest Diagnostics Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Quest Diagnostics is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Quest Diagnostics is generally in the same direction as the market. If Beta > 1 Quest Diagnostics moves generally in the same direction as, but more than the movement of the benchmark.
Quest Diagnostics Thematic Clasifications
Quest Diagnostics Incorporated is part of Healthcare investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. USA Equities from Healthcare industry as classified by Fama & French. Fama and French investing themes focus on testing asset pricing under different economic assumptions
This theme covers USA Equities from Healthcare industry as classified by Fama & French. Fama and French investing themes focus on testing asset pricing under different economic assumptions. Get More Thematic Ideas
Today, most investors in Quest Diagnostics Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Quest Diagnostics' growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Quest Diagnostics growth as a starting point in their analysis.
Quest Diagnostics November 25, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Quest Diagnostics help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Quest Diagnostics Incorporated. We use our internally-developed statistical techniques to arrive at the intrinsic value of Quest Diagnostics Incorporated based on widely used predictive technical indicators. In general, we focus on analyzing Quest Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Quest Diagnostics's daily price indicators and compare them against related drivers.
When running Quest Diagnostics' price analysis, check to measure Quest Diagnostics' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Quest Diagnostics is operating at the current time. Most of Quest Diagnostics' value examination focuses on studying past and present price action to predict the probability of Quest Diagnostics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Quest Diagnostics' price. Additionally, you may evaluate how the addition of Quest Diagnostics to your portfolios can decrease your overall portfolio volatility.