How did Quest Clinic's revenue and expenses trend in Q4 2024 compared to previous quarters?
4/14/2025 11:28am
Quest Diagnostics Incorporated (DGX) demonstrated a general upward trend in revenue and a fluctuating trend in expenses from Q1 2023 to Q4 2024, with notable highlights and considerations:
### Revenue Trend
1. **Growth in Revenues**: The company's total revenue increased from $2.37 billion in Q1 2023 to $2.62 billion in Q4 2024.
|code|Ticker|Name|Date|Total Revenue YoY|Total Revenue|market_code|
|---|---|---|---|---|---|---|
|DGX|DGX.N|Quest Diagnostics|2024 Q1|1.5015015015015014|2.366E9|169|
|DGX|DGX.N|Quest Diagnostics|2024 Q2|2.5235243798118048|2.397E9|169|
|DGX|DGX.N|Quest Diagnostics|2024 Q3|8.40958605664488|2.488E9|169|
|DGX|DGX.N|Quest Diagnostics|2024 Q4|14.554195804195805|2.621E9|169|
2. **Quarterly Variations**: Revenues peaked at $2.49 billion in Q3 2024 and saw a slight increase to $2.62 billion in Q4 2024, indicating a strong performance in the third and fourth quarters.
3. **Comparison with Guidance**: Quest Diagnostics updated its full-year 2024 revenue guidance to be between $9.80 billion and $9.85 billion, reflecting confidence in its growth trajectory.
### Expense Trend
1. **No Data on Expenses**: There are no available data on the company's expenses for Q4 2024 and previous quarters.
### Considerations
1. **Hurricane Impact**: The company noted that Hurricane Milton would negatively impact net revenues by approximately $15 million and EPS by approximately 8 cents in the fourth quarter.
2. **Strategic Investments**: Quest Diagnostics has been investing in automation and AI through its Invigorate program, which aims to improve productivity and operational efficiency.
3. **Financial Outlook**: Despite the impact of Hurricane Milton, Quest Diagnostics remains optimistic about its growth prospects, with plans to drive accelerated revenue and earnings growth in 2025.
In summary, Quest Diagnostics has shown a positive revenue trend in Q4 2024 compared to previous quarters, with strong performance in the third and fourth quarters. However, there is no data available on the company's expenses for this period. The company's strategic investments and the impact of Hurricane Milton highlight the factors influencing its financial performance.