Can Dental Growth Drive Henry Schein's (HSIC) Q3 Earnings?
Zacks Investment Research | Oct 30, 2019 08:29AM ET
Henry Schein, Inc. (NASDAQ:HSIC) is scheduled to report third-quarter 2019 results on Nov 5, before market open. In the last reported quarter, the company’s earnings beat the Zacks Consensus Estimate by 1.2%. Overall, the metric surpassed estimates in each of the trailing four quarters, the average positive surprise being 2.3%.
Let’s see how things are shaping up prior to this announcement.
Factors at Play
In the third quarter, Henry Schein is expected to have witnessed solid growth across all segments, namely, Dental, Medical and Technology plus Value-Added Services. Meanwhile geographically, the company is gaining traction in all regions. We expect this trend to get reflected in the upcoming quarterly results.
Favorable Dental Business Trend: The company has been making concerted efforts to expand in the field of digital dentistry globally. It is well-positioned to benefit from the ongoing phase of digitalization in the international dental market.
Within North America, the company has been witnessing strong sales of CAD/CAM solutions lately. Internationally, CAD/CAM equipment sales registered double-digit growth during the last-reported quarter. This trend is expected to have continued through the third quarter. The robust performance of the Primescan system in Europe and the United States is also expected to have contributed to the company’s top line during the to-be-reported quarter.
Henry Schein, Inc. Price and EPS Surprise
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