For the quarter ended March 2024, Align Know-how (ALGN) reported income of $997.43 million, up 5.8% over the identical interval final yr. EPS got here in at $2.14, in comparison with $1.82 within the year-ago quarter.
The reported income compares to the Zacks Consensus Estimate of $971.97 million, representing a shock of +2.62%. The corporate delivered an EPS shock of +8.08%, with the consensus EPS estimate being $1.98.
Whereas traders scrutinize income and earnings modifications year-over-year and the way they evaluate with Wall Road expectations to find out their subsequent transfer, some key metrics all the time supply a extra correct image of an organization’s monetary well being.
Since these metrics play a vital function in driving the top- and bottom-line numbers, evaluating them with the year-ago numbers and what analysts estimated about them helps traders higher venture a inventory’s value efficiency.
Right here is how Align Know-how carried out within the simply reported quarter when it comes to the metrics most generally monitored and projected by Wall Road analysts:
- Clear Aligner Shipments: 605 in comparison with the 589 common estimate primarily based on two analysts.
- Internet revenues- Imaging Techniques and CAD/CAM Providers: $180.18 million versus the three-analyst common estimate of $163.02 million. The reported quantity represents a year-over-year change of +17.5%.
- Internet revenues- Complete Clear Aligner: $817.25 million versus $811.06 million estimated by three analysts on common. In comparison with the year-ago quarter, this quantity represents a +3.5% change.
View all Key Company Metrics for Align Technology here>>>
Shares of Align Know-how have returned -2.5% over the previous month versus the Zacks S&P 500 composite’s -3% change. The inventory presently has a Zacks Rank #2 (Purchase), indicating that it may outperform the broader market within the close to time period.
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.
