Dental and medical products company Henry Schein (NASDAQ: HSIC) will be announcing earnings results tomorrow before the bell. Here’s what investors should know.
Henry Schein missed analysts’ revenue expectations by 2.3% last quarter, reporting revenues of $3.19 billion, up 5.8% year on year. It was a softer quarter for the company, with a miss of analysts’ full-year EPS guidance estimates and a slight miss of analysts’ organic revenue estimates.
Is Henry Schein a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Henry Schein’s revenue to grow 2% year on year to $3.23 billion, slowing from the 3.7% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.11 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.
Looking at Henry Schein’s peers in the healthcare equipment and supplies segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Align Technology’s revenues decreased 1.8% year on year, meeting analysts’ expectations, and Envista reported a revenue decline of 1.1%, topping estimates by 1.4%. Align Technology traded up 2% following the results while Envista was also up 4%.
Read our full analysis of Align Technology’s results here and Envista’s results here.
There has been positive sentiment among investors in the healthcare equipment and supplies segment, with share prices up 4.9% on average over the last month. Henry Schein is up 1.5% during the same time and is heading into earnings with an average analyst price target of $77.17 (compared to the current share price of $65.30).
Unless you’ve been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.
