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ALGN Q3 Earnings Top Estimates, Revenues Miss, Stock Falls
ZACKS· 2024-10-24 14:26
Align Technology, Inc. (ALGN) delivered third-quarter 2024 adjusted earnings per share (EPS) of $2.35, up 9.8% from the year-ago level. The reported figure topped the Zacks Consensus Estimate by 1.7%.GAAP EPS for the quarter was $1.55, reflecting a decline of 1.9% from $1.58 in the comparable period of 2023. Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Following the earnings announcement, ALGN stock plunged 1.49% yesterday.ALGN’s Q3 RevenuesThe top line increased 1.8% year over yea ...
Align Technology(ALGN) - 2024 Q3 - Earnings Call Transcript
2024-10-24 00:31
Align Technology, Inc. (NASDAQ:ALGN) Q3 2024 Earnings Conference Call October 23, 2024 4:30 PM ET Company Participants Shirley Stacy - VP, Corporate Communications & IR Joe Hogan - President & Chief Executive Officer John Morici - Chief Financial Officer Conference Call Participants Brandon Vazquez - William Blair Jon Block - Stifel Elizabeth Anderson - Evercore ISI Jason Bednar - Piper Sandler David Saxon - Needham & Company Jeff Johnson - Baird Kevin Caliendo - UBS Michael Cherny - Leerink Partners Erin W ...
Align Technology (ALGN) Reports Q3 Earnings: What Key Metrics Have to Say
ZACKS· 2024-10-23 23:01
Align Technology (ALGN) reported $977.87 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 1.8%. EPS of $2.35 for the same period compares to $2.14 a year ago. The reported revenue represents a surprise of -1.35% over the Zacks Consensus Estimate of $991.22 million. With the consensus EPS estimate being $2.31, the EPS surprise was +1.73%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations ...
Align Technology (ALGN) Q3 Earnings Surpass Estimates
ZACKS· 2024-10-23 22:16
Align Technology (ALGN) came out with quarterly earnings of $2.35 per share, beating the Zacks Consensus Estimate of $2.31 per share. This compares to earnings of $2.14 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.73%. A quarter ago, it was expected that this maker of the Invisalign tooth-straightening system would post earnings of $2.32 per share when it actually produced earnings of $2.41, delivering a surprise of 3.88% ...
Align Technology(ALGN) - 2024 Q3 - Earnings Call Presentation
2024-10-23 21:39
O IQ In | 米 invisalign | Tero ©2024 Align Technology Inc. All rights reserved. 1 exocad Q3 2024 Financial Results Align Technology, Inc. October 23, 2024 Q3 2024 Conference Call Details Conference call Speakers: Joe Hogan, President and CEO John Morici, CFO Shirley Stacy, VP, Finance, Investor Relations and Corporate Communications Webcast Archive: Audio webcast archive will be available at http://investor.aligntech.com for one month Contacts Website: http://investor.aligntech.com Email: investorinfo@alignt ...
Align Technology(ALGN) - 2024 Q3 - Quarterly Results
2024-10-23 20:06
Exhibit 99.1 Align Technology Announces Third 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 THIRD QUARTER 2024 FINANCIAL RESULTS Company expects to repurchase up to $275.0 million of its common stock beginning in Q4'24 • • Q3'24 total revenues of $977.9 million, increased 1.8% year-over-year, and Q3'24 diluted net income per share was $1.55, or $2.35 on a non-GAAP dilu ...
Will These 3 MedTech Stocks Surpass Q3 Earnings Forecasts?
ZACKS· 2024-10-22 17:16
The third-quarter 2024 earnings season has just kicked off for the MedTech space, with a number of bigwigs scheduled to release their results this week. Per the latest Earnings Preview, quarterly results of the broader Medical sector are projected to improve year over year, backed by strong product revenues on demand growth across all industries, offsetting the shortcomings generated from worldwide geopolitical issues and healthcare labor shortages. However, bottom-line results might significantly lag the s ...
Unveiling Align Technology (ALGN) Q3 Outlook: Wall Street Estimates for Key Metrics
ZACKS· 2024-10-21 14:21
Analysts on Wall Street project that Align Technology (ALGN) will announce quarterly earnings of $2.31 per share in its forthcoming report, representing an increase of 7.9% year over year. Revenues are projected to reach $991.22 million, increasing 3.2% from the same quarter last year. Over the last 30 days, there has been a downward revision of 1% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial fo ...
ALGN Gears Up for Q3 Earnings: What Lies Ahead for the Stock?
ZACKS· 2024-10-15 13:35
Align Technology, Inc. (ALGN) is set to release third-quarter 2024 results on Oct. 23, after the closing bell.In the last reported quarter, the company posted adjusted earnings per share (EPS) of $2.41, which topped the Zacks Consensus Estimate by 3.9%. Align Technology beat on earnings in three of the trailing four quarters and missed in one, the average surprise being 4.42%.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.ALGN’s Q3 EstimatesThe Zacks Consensus Estimate for revenues i ...
Align Technology Stock Dips on Macroeconomic Issues, FX Headwind
ZACKS· 2024-09-06 18:00
Align Technology’s (ALGN) dental procedures are being impacted by the current economic uncertainty in the form of geopolitical complications and cost escalation. Currency impact continues to dent growth. Over the past three months, the stock has lost 11.4% compared with the industry’s 2.4% decline. The stock carries a Zacks Rank #4 (Sell) currently.The ongoing industry-wide trend of staffing shortages and supply chain-related hazards is denting margins for Align Technology. Deteriorating international trade ...