Dental products company Dentsply Sirona (NASDAQ: XRAY) will be announcing earnings results this Thursday before the bell. Here’s what to expect.
Dentsply Sirona met analysts’ revenue expectations last quarter, reporting revenues of $936 million, down 4.9% year on year. It was a mixed quarter for the company, with a narrow beat of analysts’ full-year EPS guidance estimates but a miss of analysts’ constant currency revenue estimates.
Is Dentsply Sirona a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Dentsply Sirona’s revenue to decline 5.4% year on year to $899.5 million, a deceleration from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $0.45 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Dentsply Sirona has missed Wall Street’s revenue estimates four times over the last two years.
Looking at Dentsply Sirona’s peers in the healthcare equipment and supplies segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Henry Schein delivered year-on-year revenue growth of 5.2%, beating analysts’ expectations by 1.9%, and Align Technology reported revenues up 1.8%, topping estimates by 2.2%. Align Technology traded up 4.9% following the results.
Read our full analysis of Henry Schein’s results here and Align Technology’s results here.
Investors in the healthcare equipment and supplies segment have had steady hands going into earnings, with share prices flat over the last month. Dentsply Sirona’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $16 (compared to the current share price of $12.58).
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