The second-quarter 2024 earnings season has just kicked off, with several MedTech bigwigs gearing up to release their results this week. Per the latest Earnings Preview, quarterly results of the broader Medical sector are likely to improve year over year, backed by strong product revenues on growing demand across all industries, offsetting the shortcomings generated from worldwide geopolitical issues and healthcare labor shortages.Going by the broader Medical sector’s scorecard, 5.1% of the companies in the ...

Align Technology, Inc. (ALGN) is set to release second-quarter 2024 results on Jul 24, after the closing bell.The company posted adjusted earnings per share (EPS) of $2.14 in the last reported quarter, which topped the Zacks Consensus Estimate by 8.1%. Align Technology beat on earnings in three of the trailing four quarters and missed in one, the average surprise being 5.92%.Q2 EstimatesThe Zacks Consensus Estimate for Align Technology’s revenues is pegged at $1.04 billion, suggesting growth of 3.8% from th ...

Align Technology (ALGN) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 24 ...

Announcement reflects Align Technology's continued partnership in Operation Smile's commitment to youth development through education, service, and leadership opportunitiesVIRGINIA BEACH, Va. and TEMPE, Ariz., July 17, 2024 /PRNewswire/ -- Operation Smile announced today that Align Technology, Inc. (Nasdaq: ALGN), a leading global medical device company, is the title sponsor of its upcoming 2024 International Student Leadership Conference (ISLC), which will be held at Emory University in Atlanta, GA, from J ...

RichLegg/E+ via Getty Images Introduction & Investment Thesis I initiated a "hold" rating on Align Technology (NASDAQ:ALGN) on March 1, where my thesis was predicated on my belief that the stock could remain under pressure as its operating margin had been declining, even though the company was showing signs of recovering revenue growth. Since then, the medical device company known for its Invisalign product has underperformed the S&P 500 (SPY) and Nasdaq 100 (QQQ) and is down 19% since the time of my writin ...

Align Technology, Inc's (ALGN) successful efforts to broaden the Invisalign portfolio are poised to bring significant growth in the upcoming quarters. Continued expansion into new regions and new manufacturing facilities appears optimistic. A sound financial stability is beneficial for the stock as well. Meanwhile, the adverse macroeconomic impacts on its operations and excessive reliance on a single platform raise concerns.In the past year, this Zacks Rank #3 (Hold) company has lost 27.6% compared with 2.6 ...

You’ve come to the right place if you’re looking for secular growth stocks. This article explores 3D printing stocks, poised to benefit from an annualized industry growth rate of 23.5% until 2030.The depth of application of 3D printing has become known to many. However, for some reason, numerous 3D printing stocks remain grossly undervalued. As such, I decided to delve into the 3D printing arena to pick out three best-in-class 3D printing equities.Considering the above, I framed my screening methodology aro ...

The Zacks Medical - Dental Supplies industry in the Medical sector has shown a positive trend in 2024 as product sales continue to rise. The recent uptick in the sale of dental products and services can be primarily linked to the lifting of limitations associated with the pandemic over the last few years. Also, the major players in the industry have been taking initiatives like cost-cutting and price improvement to improve their margins, post the pandemic. Factors fueling the dental market include the preva ...

Wall Street’s impressive bull run in 2023, which reversed the nightmare of 2022 has continued in the first half of 2024. U.S. stock markets’ northward journey is likely to continue in the second half of this year. Year to date, the three major stock indexes — the Dow, the S&P 500 and the Nasdaq Composite — have rallied 3.1%, 13% and 16.4%, respectively.Peak inflation is far behind us. The labor market remains resilient. The global supply-chain system has been restoring slowly since last year as U.S. corpora ...

Align Technology’s (ALGN) robust product line, consistent focus on international markets and strategic alliances bolster our confidence in the stock. The stock carries a Zacks Rank #2 (Buy) currently.Align Technology is strategically capturing the growing malocclusion market, one of the most prevalent clinical dental conditions in the world. According to Align Technology’s May 2023 data, the condition currently affects approximately 60% to 75% of the global population. The company estimates that there are a ...