Quest Diagnostics Incorporated ($DGX) Stock Forecast: Down 5.1% Today

What is Quest Diagnostics Incorporated?

Quest Diagnostics (DGX) is a leading provider of diagnostic testing, information, and services, helping patients and healthcare professionals make better healthcare decisions. The overall market for healthcare services has been volatile due to ongoing regulatory changes and the impact of the pandemic.

Why is Quest Diagnostics Incorporated going down?

DGX stock is down 5.1% on Mar 19, 2025 13:46

• Quest Diagnostics (DGX) experienced a bearish movement today.
• Aveanna (AVAH) surging 6.2% might have diverted investor attention away from DGX.
• The lack of positive earnings estimate revisions for Aveanna could have prompted investors to move funds out of DGX and into more promising opportunities.
• The shift in focus towards Aveanna's potential gains may have contributed to the bearish movement in Quest Diagnostics (DGX) today.

DGX Price Chart

DGX Technical Analysis

DGX News

Aveanna ( AVAH ) Surges 6.2%: Is This an Indication of Further Gains?

Aveanna (AVAH) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

https://www.zacks.com/stock/news/2431276/aveanna-avah-surges-62-is-this-an-indication-of-further-gains

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Quest Diagnostics Incorporated Price History

30.00.2025 - DGX Stock was up 6.5%

• The company reported strong fourth-quarter earnings and revenue that exceeded analyst expectations, showcasing robust performance in their core business.
• Despite the positive financial results, the stock initially experienced a dip, potentially influenced by profit-taking or short-term market fluctuations.
• Quest Diagnostics' improved margins demonstrate effective cost management and enhanced operational efficiency, which may have contributed to the positive movement in the stock.
• Investors reacted favorably to the company's overall solid financial performance, leading to the bullish market activity observed.

30.00.2025 - DGX Stock was up 5.1%

• Q4 earnings and revenues for Quest Diagnostics (DGX) exceeded estimates, reflecting strong financial performance.
• The positive earnings surprise is likely to have bolstered investor confidence in the company's growth prospects.
• Strong quarterly results may have drawn new investors and increased buying interest in DGX shares.
• The better-than-expected performance could indicate a positive outlook for Quest Diagnostics, potentially leading to further price appreciation in the stock.

22.09.2024 - DGX Stock was up 6.2%

• Quest Diagnostics (DGX) displayed a strong bullish movement after surpassing third-quarter financial expectations and providing positive revenue guidance for FY24.
• The company's exceptional performance in Q3, exceeding consensus on adjusted earnings per share and showing significant year-over-year sales growth, led to a favorable market response towards DGX.
• Optimistic future earnings growth prospects from the CEO and successful acquisition of new customers bolstered investor confidence in Quest Diagnostics.
• The favorable reaction to Quest Diagnostics' outperformance in earnings and revenue outlook bodes well for its stock, in contrast to the modest decline in Myriad Genetics shares following a partnership announcement.

22.09.2024 - DGX Stock was up 5.2%

• Quest Diagnostics (DGX) exceeded Q3 earnings and revenue estimates, indicating strong financial performance and investor confidence in the company's growth prospects.
• The positive earnings surprise may have fueled investor optimism and attracted more buyers to the stock, driving the bullish movement.
• The company's ability to outperform expectations suggests efficient management and a competitive position in the healthcare industry, contributing to the upward momentum in the stock price.
• Overall, the market responded positively to Quest Diagnostics' robust financial results, setting a bullish tone for the stock in the near term.

19.02.2025 - DGX Stock was down 5.1%

• Quest Diagnostics (DGX) experienced a bearish movement today.
• Aveanna (AVAH) surging 6.2% might have diverted investor attention away from DGX.
• The lack of positive earnings estimate revisions for Aveanna could have prompted investors to move funds out of DGX and into more promising opportunities.
• The shift in focus towards Aveanna's potential gains may have contributed to the bearish movement in Quest Diagnostics (DGX) today.

29.03.2024 - DGX Stock was up 4.1%

• Quest Diagnostics (DGX) received a "buy" rating and an increased stock target, reflecting positive sentiment from analysts and investors.
• During Q1, the company experienced a notable surge in sales, surpassing estimates for adjusted EPS and achieving growth in total revenues for the first time in almost three years. This positive financial performance likely contributed to the stock's upward trend.
• Despite beating earnings expectations, Quest Diagnostics (DGX) observed a decrease in margins in Q1, which could raise concerns among investors. Nevertheless, the overall revenue growth and strong performance overshadowed this issue, pushing the stock towards a bullish market movement.

23.03.2024 - DGX Stock was up 7.7%

• Quest Diagnostics (DGX) exceeded Q1 earnings and revenue estimates, demonstrating strong financial performance.
• The company's first-quarter financial results showed increased revenues and raised guidance for the full year 2024, suggesting positive growth prospects.
• The market responded favorably to Quest Diagnostics surpassing expectations and revising its guidance upwards, leading to an increase in the stock price.
• Investor confidence in the company's future performance is evident from the bullish trend in the stock.

30.07.2023 - DGX Stock was up 0.8%

• The bullish movement in DGX stock today can be attributed to the following factors:
• 1. Breakthrough Device Designation: The FDA granting Breakthrough Device Designation to Quest Diagnostics' AAVrh74 ELISA assay (CDx) is a positive development for the company. This designation indicates that the test has the potential to provide a more effective diagnosis or treatment for a life-threatening or irreversibly debilitating disease. Investors may view this as a significant milestone that could lead to increased demand for Quest Diagnostics' services.
• 2. Support for Health Equity Event: Quest Diagnostics' support for the Health Empowerment and Wellness event hosted by Sisters on the Vineyard showcases the company's commitment to promoting health equity. This positive social impact may have resonated with investors and contributed to the bullish market movement.
• 3. Earnings Report: Despite the stock being down 0.9% since the last earnings report, it is important to note that this news is not directly related to the bullish market movement today. Investors may be focusing more on the recent positive developments, such as the FDA breakthrough designation, rather than past earnings performance.
• Overall, the bullish movement in DGX stock today can be attributed to the FDA breakthrough designation and the company's support for a health equity event, which reflect positive developments and potential growth opportunities for Quest Diagnostics.

26.09.2023 - DGX Stock was up 5.8%

• The bullish movement in DGX stock today can be attributed to several factors:
• 1. Upgraded rating: The upgrade by StockNews.com from a hold rating to a buy rating likely boosted investor confidence in Quest Diagnostics. This positive assessment suggests that the company's prospects are improving, leading to increased buying interest.
• 2. Licensing agreement: The announcement of an exclusive U.S. licensing agreement with Diadem SpA for its AlzoSure Predict Alzheimer's Disease Prognostic Technology indicates Quest Diagnostics' commitment to expanding its industry-leading portfolio of Alzheimer's disease blood tests. This news likely generated optimism among investors about the company's future growth potential.
• 3. Solid growth and optimistic future: Despite challenges, Quest Diagnostics reported solid growth and an optimistic future in its recent earnings call. This positive outlook may have contributed to the bullish movement in DGX stock as investors responded favorably to the company's performance and future prospects.
• 4. Moving past Covid: As the impact of Covid-related tests diminishes, Quest Diagnostics is expected to see a fall in earnings and revenues in FY2023. However, the fact that DGX stock is still rated as a hold suggests that investors may have already priced in this anticipated decline, leading to a more positive sentiment in the market.
• Overall, the bullish movement in DGX stock today can be attributed to positive factors such as an upgraded rating, a licensing agreement, solid growth, and an optimistic future outlook, despite the challenges posed by the decline in Covid-related tests.

31.06.2023 - DGX Stock was down 0.5%

• The bearish movement in DGX stock today could be attributed to the launch of Quest Diagnostics' blood test for assessing the risk of developing Alzheimer's disease. While this may seem like a positive development, it could be perceived as a potential threat to the company's revenue streams. Here's why:
• The availability of a direct-to-consumer blood test for Alzheimer's disease could lead to a decrease in demand for traditional diagnostic testing services offered by Quest Diagnostics.
• The introduction of this blood test may also indicate increased competition in the market, as other companies could develop similar tests, potentially impacting Quest Diagnostics' market share.
• Investors might be concerned about the potential regulatory and legal implications associated with offering a consumer-initiated blood test for a complex disease like Alzheimer's.
• Overall, the bearish movement in DGX stock today could be a result of investors' cautious outlook on the potential impact of the new Alzheimer's blood test on Quest Diagnostics' business.

23.06.2024 - DGX Stock was down 5.5%

• Despite surpassing revenue expectations, DGX recorded a downturn in profits during the second quarter.
• The failure to meet GAAP EPS predictions could be a factor in the stock's decline.
• Investors' reactions may have been unfavorable due to a slight drop in reported diluted earnings per share for the quarter.
• The market's response might also be linked to the company's adjusted diluted EPS performance and its revised full-year revenue outlook.

23.06.2024 - DGX Stock was down 5.1%

• Despite surpassing revenue expectations and raising its 2024 outlook, Quest Diagnostics (DGX) saw a decline in its stock price.
• The company's slight miss in GAAP EPS estimates may have influenced the negative market response, despite its strong base business growth.
• Investors might have anticipated higher earnings per share, prompting profit-taking and a temporary stock price drop.
• Concerns among market participants have arisen over the Q2 profit decrease, even though it outperformed estimates, indicating a potential necessity for cost management or operational enhancements for future growth.