Henry Schein (HSIC) Q4 Earnings To Show Growth In All Lines?
Zacks Investment Research | Feb 11, 2018 08:51PM ET
Henry Schein, Inc. (NASDAQ:HSIC) is expected to report fourth-quarter 2017 results on Feb 20.
Last quarter, the company missed earnings estimates by 3.3%. However, Henry Schein’s earnings surpassed the Zacks Consensus Estimate in three of the past four quarters, at an average of 1.5%.
Let’s see how things are shaping up prior to this announcement.
Factors at Play
Henry Schein’s third-quarter 2017 results were quite impressive, recording growth across all four segments — Dental, Animal Health, Medical and Technology and Value-Added Services. Geographically, the company gained traction in North America and overseas. We expect a similar trend in the fourth quarter.
Favorable Dental Business Trends: The company’s strategy to expand digital dentistry globally is encouraging. We are also upbeat about management’s expectations of at least low single-digit growth in North America’s dental consumable merchandise market in the second half of 2017. The Zacks Consensus Estimate for fourth-quarter total revenues of $3.31 billion reflects an increase of 6.1% from the year-ago quarter.
The company banks on digital dentistry, which is part of its strategic plan. Henry Schein is busy promoting digital workflows for general dentistry as well as dental specialties. Starting Sep 1, 2017, the company started selling the full range of Dentsply Sirona dental equipment across North America, including the leading CEREC CAD/CAM restoration system. This is expected to boost the top line to a considerable extent. Henry Schien will also continue to represent products from Planmeca, A-dec, Midmark, 3Shape and 3M as well as the dental equipment and consumer product lines of its longstanding partner Danaher (NYSE:DHR) under the KaVo Kerr brands.
Henry Schein, Inc. Price and EPS Surprise
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