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Is Align Technology (ALGN) Outperforming Other Medical Stocks This Year?
Zacks Investment Research· 2024-05-06 14:46
Investors interested in Medical stocks should always be looking to find the best-performing companies in the group. Is Align Technology (ALGN) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.Align Technology is one of 1050 companies in the Medical group. The Medical group currently sits at #4 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector ...
Align Technology(ALGN) - 2024 Q1 - Quarterly Report
2024-05-03 20:25
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________ FORM 10-Q ____________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 000-32259 ____________________________ ALIGN TECHNOLOGY, INC. (Exact name ...
Align Technology (ALGN) Q1 Earnings Top, 2024 Sales View Up
Zacks Investment Research· 2024-04-25 18:46
Align Technology, Inc. (ALGN) delivered first-quarter fiscal 2024 adjusted earnings per share (EPS) of $2.14, up 17.6% from the year-ago earnings. The reported figure topped the Zacks Consensus Estimate by 8.1%.GAAP EPS for the quarter was $1.39 compared with $1.14 in the same period last year.RevenuesRevenues increased 5.8% year over year to $997.4 million in the quarter and exceeded the Zacks Consensus Estimate by 2.6%. Moreover, revenues were favorably impacted by the foreign exchange of approximately $1 ...
Align Technology(ALGN) - 2024 Q1 - Earnings Call Transcript
2024-04-25 00:16
Align Technology, Inc. (NASDAQ:ALGN) Q1 2024 Earnings Conference Call April 24, 2024 4:30 PM ET Company Participants Shirley Stacy - Vice President of Corporate Communications & Investor Relations Joe Hogan - President & Chief Executive Officer John Morici - Chief Financial Officer Conference Call Participants Elizabeth Anderson - Evercore ISI Brandon Vazquez - William Blair Jon Block - Stifel Jeff Johnson - Baird Michael Cherny - Leerink Partners Jason Bednar - Piper Sandler Nathan Rich - Goldman Sachs Eri ...
Align Technology (ALGN) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
Zacks Investment Research· 2024-04-24 22:31
For the quarter ended March 2024, Align Technology (ALGN) reported revenue of $997.43 million, up 5.8% over the same period last year. EPS came in at $2.14, compared to $1.82 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $971.97 million, representing a surprise of +2.62%. The company delivered an EPS surprise of +8.08%, with the consensus EPS estimate being $1.98.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall S ...
Align Technology (ALGN) Surpasses Q1 Earnings and Revenue Estimates
Zacks Investment Research· 2024-04-24 22:11
Align Technology (ALGN) came out with quarterly earnings of $2.14 per share, beating the Zacks Consensus Estimate of $1.98 per share. This compares to earnings of $1.82 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.08%. A quarter ago, it was expected that this maker of the Invisalign tooth-straightening system would post earnings of $2.18 per share when it actually produced earnings of $2.42, delivering a surprise of 11.01 ...
Align Technology(ALGN) - 2024 Q1 - Earnings Call Presentation
2024-04-24 20:42
Q1 2024 Financial Results Align Technology, Inc. April 24, 2024 ©2024 Align Technology Inc. All rights reserved. 1 Q1 2024 Conference Call Details Conference call Speakers: Joe Hogan, President and CEO John Morici, CFO Shirley Stacy, VP, Finance, Investor Relations and Corporate Communications ...
Align Technology(ALGN) - 2024 Q1 - Quarterly Results
2024-04-24 20:02
Exhibit 99.1 Align Technology Announces First Quarter 2024 Results Align Technology Zeno Group Madelyn Valente Sarah Johnson (909) 833-5839 (828) 551-4201 mvalente@aligntech.com sarah.johnson@zenogroup.com ALIGN TECHNOLOGY ANNOUNCES FIRST QUARTER 2024 FINANCIAL RESULTS Q1'24 total revenues up 5.8% year-over-year including revenue growth of 3.5% from Clear Aligners and growth of 17.5% from Imaging Systems and CAD/CAM Services • Q1'24 total revenues of $997.4 million, increased 5.8% year-over-year, and dilute ...
What's in Store for These 4 Medical Products Stocks in Q1 Earnings?
Zacks Investment Research· 2024-04-23 16:41
Several large-cap MedTech players have already announced first-quarter results. Among them, Abbott Laboratories and Walgreens Boots Alliance topped earnings and sales estimates. However, Neogen lagged both earnings and revenue estimates and grappled with ongoing macroeconomic issues. A similar trend is expected to be reflected in the results of other industry players.Some major industry players like Boston Scientific, Inc. (BSX) , Thermo Fisher Scientific, Inc. (TMO) , Align Technology, Inc. (ALGN) and ICON ...
Align Technology (ALGN) to Post Q1 Earnings: What's in Store?
Zacks Investment Research· 2024-04-16 16:56
Align Technology, Inc. (ALGN) is set to release first-quarter 2024 results on Apr 24 after the closing bell.The company posted adjusted earnings per share (EPS) of $2.42 in the last reported quarter, which topped the Zacks Consensus Estimate by 11%. Align Technology beat earnings estimates in three of the trailing four quarters and missed in one, the average negative surprise being 5.82%.Let’s look at how things have shaped up before this announcement.Factors at PlayClear Aligner BusinessSimilar to the last ...