Dental and medical products company Henry Schein (NASDAQ: HSIC) will be reporting results this Tuesday before market open. Here’s what to expect.
Henry Schein beat analysts’ revenue expectations last quarter, reporting revenues of $3.44 billion, up 7.7% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ revenue estimates and a solid beat of analysts’ organic revenue estimates.
Is Henry Schein a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Henry Schein’s revenue to grow 5.5% year on year, improving from its flat revenue in the same quarter last year.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Henry Schein has missed Wall Street’s revenue estimates multiple times over the last two years.
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 delivered year-on-year revenue growth of 6.2%, beating analysts’ expectations by 1.8%, and Intuitive Surgical reported revenues up 23%, topping estimates by 5.8%. Align Technology traded down 1.3% following the results while Intuitive Surgical was up 7.2%.
Read our full analysis of Align Technology’s results here and Intuitive Surgical’s results here.
There has been positive sentiment among investors in the healthcare equipment and supplies segment, with share prices up 6% on average over the last month. Henry Schein’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $90.21 (compared to the current share price of $74.56).
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