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DGX

Quest Diagnostics

NYSEHealth CareDiagnostics & ResearchSnapshot 2026-05-08

$187.39-1.81%
Close 2026-05-08 · 1-day change
The bottom line

As of May 8, 2026, DGX has a composite score of 20.1 and a signal label of "mild favorable." The score is influenced by a medium confidence level of 77.4 and reflects various factors, including a macro score of 31.5 and a management score of 64.4. The analysis is provisional, indicating that the data may be subject to change.

Composite +20as of 2026-05-08

Price

Daily closes from AlphaVantage. Earnings/event dots are placed inline.

Close 2026-05-08
Daily closes. Scroll over the chart to zoom; click a range to reset.
EarningsMaterial event

Factor signals

Read top-to-bottom: thesis (is this a strong company over a 1–3 year hold), watch flags (has something changed worth re-reading), and position context (how violent might the path be). Each pill is a parallel diagnostic — never aggregated into a single score.

L1

Thesis

is this a strong company over a 1–3 year hold?
F1 · Recent financial performance
neutral
Mid-cohort
Why this rank
  • Direction share
    1.00
  • Slope (norm)
    -0.09
  • Bonus
    0.00
Operating income, last 4 quarters ($M)
300438386222
F2 · Value
neutral
Mid-cohort by earnings yield
Why this rank
Price
$187.39
TTM EPS
$8.34
Earnings yield
4.5%
P/E (TTM)
22.5

Trailing four: 2024-Q3, 2025-Q1, 2025-Q2, 2025-Q3

F3 · Earnings quality
neutral
Mid-cohort cash conversion
Why this rank
TTM NI ($M)
871
TTM CFO ($M)
1,334
CFO/NI
1.53
L2

Watch

has something changed worth re-reading?
F4 · Management stability
stable
Top 30% activity in health care cohort· see deep-dive ↓
capital friendlyTop 20% capital-friendly in health care cohort
Earnings setup · pre-print positioning
forward-looking
neutral14 analysts, 50% Buyfor period ending 2026-06-30
Why this setup
Consensus revisions

EPS estimate $2.86 → $2.82 (-1.4% / 30d). 2 raised, 9 cut, 14 covering analysts.

Rating actions

0 upgrades, 0 downgrades / 30d, 4 maintained. 50% of analysts rate Buy.

Price target activity

2 PT revisions / 30d. Avg target 9.7% above current price.

Material events

0 positive, 0 negative / 30d.

F4 · Management deep-dive — recent events, stated priorities, guidance track record
2

Stated priorities

3 priorityies extracted from earnings transcripts (as of 2026-05-08).

  1. 1.Increase revenue growthgrowthbehind14% progress
    5/4: Management has consistently emphasized the need to increase revenue growth.
    Why this status

    Stated in 2 of last 2 quarters. Revenue declined from $2.62B in 2024-Q4 to $1.93B in 2025-Q4, indicating limited progress in achieving revenue growth. Management's focus on increasing revenue growth has not yet translated into financial improvement.

  2. 2.Enhance EPS growthgrowthbehind14% progress
    5/4: Management has reiterated the goal of enhancing EPS growth.
    Why this status

    Stated in 2 of last 2 quarters. EPS declined from $2.03 in 2024-Q2 to $1.72 in 2025-Q1, showing limited progress in enhancing EPS growth. Despite management's focus, the financials reflect a declining trend.

  3. 3.Manage capital expenditurescapital allocationmixed44% progress
    5/4: Management has emphasized disciplined capital expenditure management.
    Why this status

    Stated in 2 of last 2 quarters. Capex guidance for 2026 is approximately $550M, indicating management's commitment to disciplined capital expenditure management. However, the financials do not yet reflect significant changes in capex levels.

3

Guidance track record

Insufficient guidance history for this ticker.

L3

Position context

how violent might the path be while I hold it?
Risk profile · realized
backward-looking
moderateworst 12m loss −11%, typical day ±0.8%
Why this risk level

Recent vol — 30d annualized 25%; 252d 23%.

Drawdown — Max 1y −11%. Bad day move −2%.

Beta to sector ETF (XLV) 0.44 over 1y.

Liquidity — score 100/100.

Sub-scores — vol 62/100, drawdown 78/100, beta 44/100, earnings vol .

Sector regime
headwind-15.1%sector vs S&P 500, 60d

via XLV

Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive — historically, headwind regimes have averaged stronger forward returns than tailwind.

AI cycle regime · market-wide
2-axis classifier
HeatingManiaSquallCrisisEarnings →Mood ↑
HeatingE +0.13 · M +0.71
Single-axisCHASEz +2.97+1.285d

Context label only — describes the market state (e.g. real bear vs narrative panic, healthy uptrend vs late-stage froth). It is not a per-ticker buy/sell signal and does not predict factor performance.

Not investment advice. As of 2026-05-08.

3

What changed

The most important moves since the prior daily snapshot.

  1. No material changes since the prior snapshot.

No material changes since the prior snapshot.

as of 2026-05-08

4

Management scorecard

How management runs the business — capital, margins, balance sheet, and how reliably they guide and deliver.

Composite64.4 / 100
Capital allocation56
Earnings discipline97
Margin discipline70
Balance sheet44
Guidance credibility
Post-call reaction38
as of 2026-05-08
4

What management is focused on

Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.

  • #1

    Increase revenue growth

    GrowthNew since 2026-05-04

    Focus on increasing revenue growth through strategic initiatives.

    Behind

    Stated in 2 of last 2 quarters. Revenue declined from $2.62B in 2024-Q4 to $1.93B in 2025-Q4, indicating limited progress in achieving revenue growth. Management's focus on increasing revenue growth has not yet translated into financial improvement.

    14%
    CEO/CFO:Management has consistently emphasized the need to increase revenue growth.
    Multiple sourcesSource dated 2026-05-04Stated 2 of last 8 quartersFirst seen 2026-05-04
    Show history (2)
    • 2026-Q1Multiple sources

      Management has consistently emphasized the need to increase revenue growth.

    • 2025-Q4Multiple sources

      Management has consistently emphasized the need to increase revenue growth.

  • #2

    Enhance EPS growth

    GrowthNew since 2026-05-04

    Aim to enhance EPS growth through operational efficiencies and strategic initiatives.

    Behind

    Stated in 2 of last 2 quarters. EPS declined from $2.03 in 2024-Q2 to $1.72 in 2025-Q1, showing limited progress in enhancing EPS growth. Despite management's focus, the financials reflect a declining trend.

    14%
    CEO/CFO:Management has reiterated the goal of enhancing EPS growth.
    Multiple sourcesSource dated 2026-05-04Stated 2 of last 8 quartersFirst seen 2026-05-04
    Show history (2)
    • 2026-Q1Multiple sources

      Management has reiterated the goal of enhancing EPS growth.

    • 2025-Q4Multiple sources

      Management has reiterated the goal of enhancing EPS growth.

  • #3

    Manage capital expenditures

    Capital allocationNew since 2026-05-04

    Maintain disciplined capital expenditure management to optimize financial performance.

    BehindMixed

    Stated in 2 of last 2 quarters. Capex guidance for 2026 is approximately $550M, indicating management's commitment to disciplined capital expenditure management. However, the financials do not yet reflect significant changes in capex levels.

    44%
    CEO/CFO:Management has emphasized disciplined capital expenditure management.
    Multiple sourcesSource dated 2026-05-04Stated 2 of last 8 quartersFirst seen 2026-05-04
    Show history (2)
    • 2026-Q1Multiple sources

      Management has emphasized disciplined capital expenditure management.

    • 2025-Q4Multiple sources

      Management has emphasized disciplined capital expenditure management.

as of 2026-05-08
5

How this stock is priced

Two ways to read price: against peers in the same business, and against the company's own history.

Compared to peers
45higher = cheaper

Roughly priced in line with peers.

Compared to its own history
47higher = cheaper

Around its own typical valuation.

P/E
18.8x
EV/EBITDA
13.6x
FCF yield
6.2%

P/E over the last 5 years

71 monthly points
fullas of 2026-05-08
7

How this compares

A side-by-side read on composite, valuation, and risk versus peers.

StockCompositeValuationRisk
DGX
Quest Diagnostics
+20fullmoderate
LLY
Lilly (Eli)
+21fullmoderate
JNJ
Johnson & Johnson
+18fulllow
ABBV
AbbVie
+12fairlow
UNH
UnitedHealth Group
+24fairelevated
8

Risk — how this stock moves

What a normal day looks like, what a bad day looks like, and the worst the last year has thrown at it.

A typical day
How much price usually moves either way.
0.8%
A bad day (95th %ile)
A rough but not unusual down day.
-2.0%
Worst 12-month loss
Deepest peak-to-trough drop in the last year.
-11.2%
Earnings-day move
How much price usually moves on earnings day.
moderateas of 2026-05-08
9

What could change this view

Conditional scenarios — if X happens, the score would shift by about Y points. These are not predictions.

Upside triggers
  • If health_care sector trend rises from +0.06 into 'improving' (>= +0.20)+5.0 pts
Downside triggers
  • If next-quarter guidance is cut (currently RAISED as of 2026-04-21)-16 pts
  • If labor state reverses from -0.31 (negative) to +0.31 (positive)-6.8 pts
  • If health_care sector trend falls from +0.06 into 'weakening' (<= -0.20)-5.0 pts
  • If rates state reverses from -0.37 (negative) to +0.37 (positive)-2.9 pts
10

Material updates

Recent SEC 8-K filings ranked by likely impact, confidence, and recency.

  1. 2026-04-2117d agoItem 2.02

    Results of Operations and Financial Condition On April 21, 2026, Quest Diagnostics Incorporated (the "Company") issued a press release announcing, among other things, its results for the quarter ended March 31, 2026. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated by reference herein.

    earnings preannouncementneutralscore 44
  2. 2026-05-017d agoItem 8.01

    Other Events On April 27, 2026, Quest Diagnostics Incorporated (the “Company”) issued a press release announcing the pricing of a public offering of $500 million aggregate principal amount of its 5.000% senior notes due 2036 (the “Notes”) under the Company’s shelf registration statement. The Company intends to use the net proceeds from the offering for general corporate purposes, which may include the repayment of indebtedness. The indebtedness the Company may repay includes its $500 million…

    capital allocationneutralscore 44
  3. 2026-03-121mo agoItem 5.02

    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (d) On March 9, 2026, the Board of Directors (the “Board”) of Quest Diagnostics Incorporated (the “Company”), after considering the recommendation of the Board's Governance Committee, elected Timothy Wentworth, former chief executive officer of Walgreens Boots Alliance, as a director. The Board appointed Mr. Wentworth to serve on the Board’s Compen…

    executive changeneutralscore 21
  4. 2026-02-102mo agoItem 2.02

    Results of Operations and Financial Condition On February 10, 2026, Quest Diagnostics Incorporated (the "Company") issued a press release announcing, among other things, its results for the quarter and full year ended December 31, 2025. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated by reference herein.

    earnings preannouncementneutralscore 9
  5. 2026-02-102mo agoItem 8.01

    Other Events On February 10, 2026, the Company issued a press release announcing that the Company's Board of Directors authorized the Company to repurchase an additional $1 billion of the Company's common stock as part of the Company's common stock repurchase program and increased the quarterly dividend from $0.80 to $0.86 per share. The 7.5% increase in the quarterly dividend is effective with the dividend payable on April 20, 2026 to shareholders of record of the Company’s common stock on A…

    capital allocationpositivescore 7
11

Score history

The composite score, snapshot by snapshot. The dotted line at zero separates leaning-positive from leaning-negative.

60 snapshots
Data freshness · As of 2026-05-08 · Macro 2026-05-08 · Sector 2026-05-07 · Fundamentals 2026-02-26 · Price 2026-05-07 · Generated 2026-05-08 · Spec 2.3

Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.