Dental products company Dentsply Sirona (NASDAQ:XRAY) will be reporting earnings tomorrow morning. Here’s what investors should know.
Dentsply Sirona missed analysts’ revenue expectations by 1.6% last quarter, reporting revenues of $905 million, down 10.6% year on year. It was a disappointing quarter for the company, with full-year revenue guidance missing analysts’ expectations.
Is Dentsply Sirona a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Dentsply Sirona’s revenue to decline 10.4% year on year to $854.4 million, a further deceleration from the 2.6% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.30 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 six times over the last two years.
Looking at Dentsply Sirona’s peers in the dental equipment & technology 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 dental equipment & technology segment, with share prices up 5.9% on average over the last month. Dentsply Sirona is up 7.4% during the same time and is heading into earnings with an average analyst price target of $18.14 (compared to the current share price of $13.60).
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