Labcorp Holdings Inc. Shares Soar 1.46% to 52-Week High on Strong Q1 Earnings

Labcorp Holdings Inc. (LH) shares rose 1.46% intraday, reaching their highest level since August 2022.

The strategy of buying LH shares after they reached a recent high and holding for 1 week yielded moderate returns over the past 5 years. The annualized return was 8.33%, slightly underperforming the market's annualized return of 8.56% over the same period. However, the strategy provided a decent return, and investors can consider it for their portfolio, especially in volatile markets where quick reactions are necessary.

Labcorp Holdings Inc. has seen a recent surge in its stock price, reaching a 52-week high. This increase is largely due to the company's strong financial performance in the first quarter of 2025. During this period, Labcorp reported a revenue increase to $3.3 billion, marking a 5.3% year-over-year growth. This robust financial performance has contributed to a positive market sentiment towards the company.

The company's ability to capture market share and its strong earnings per share (EPS) of 8.66 have further bolstered investor confidence. Additionally, eight analysts have revised their earnings estimates higher for fiscal 2025, indicating a positive outlook for Labcorp's future financial performance. This collective optimism from analysts and investors has likely played a significant role in the recent stock price increase.