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Stock impact report

Quest Diagnostics: Stress On The Healthcare System Is A Bearish Sign [Seeking Alpha]

Quest Diagnostics Incorporated (DGX) 
Last quest diagnostics incorporated earnings: 4/22 06:45 am Check Earnings Report
US:NYSE Investor Relations: ir.questdiagnostics.com
Company Research Source: Seeking Alpha
SummaryQuest Diagnostics is being hit hard by the loss of volumes stemming from the widespread cancellation of elective procedures and services. COVID-19 is jamming up the healthcare system.The company already generates little growth, and a prolonged downturn in volumes could burn cash and require the company to raise debt.Shares are trading at a premium multiple to decade norms, and this isn't justifiable.Laboratory services company Quest Diagnostics (DGXlay off approximately 10% of its workforceNote: Our previous coverage on Quest Diagnostics can be found:HEREImpact Of COVID-19 On QuestDespite the headlines that Quest is assisting in COVID testing, the company has actually taken quite a hit from the pandemic. The strain on the healthcare system has pushed routine testing and services to the back burner in many cases. This category makes up just over half of Quest's total revenues.Quest Diagnostics IncorporatedThe impacts have had a severe net impact on Quest's business. Over the sec Show less Read more
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