Henry Schein, Inc. (HSIC) registered adjusted earnings per share (EPS) of $1.23 in the second quarter of 2024, down 6.1% from the year-ago period's adjusted EPS. However, the metric exceeded the Zacks Consensus Estimate by 0.8%. Revenues in Detail Henry Schein reported net sales of $3.14 billion in the second quarter, up 1.2% year over year. The metric lagged the Zacks Consensus Estimate by 4.3%. The year-over-year upside reflects an internal sales decline of 2.4%. On a geographic basis, the company recorde ...

Henry Schein (HSIC) came out with quarterly earnings of $1.23 per share, beating the Zacks Consensus Estimate of $1.22 per share. This compares to earnings of $1.31 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 0.82%. A quarter ago, it was expected that this health care products maker would post earnings of $0.99 per share when it actually produced earnings of $1.10, delivering a surprise of 11.11%. Over the last four quart ...

Henry Schein (HSIC) is expected to deliver a year-over-year decline 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 earnings report, which is expected to be released on August 6, 2024, might help the stock move higher if these key numbers are better than exp ...

Hims & Hers Health's earnings are expected to surge 281.8% in 2024 compared with the industry's 15.7% growth. HIMS' earnings surpassed estimates in three of the trailing four quarters and missed in one, delivering an average surprise of 79.2%. Its shares have surged 131% against the industry's 27.1% decline in the past year. HIMS sports a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today's Zacks #1 Rank stocks here. Haemonetics, sporting a Zacks Rank #1 at present, has an estimat ...

Market Overview - The current market behavior resembles the late 1990s, characterized by significant gains in a limited number of companies, leading to concerns about market concentration [1][4][3] - The "Magnificent Seven" have been pivotal in driving the S&P 500's overall gains, with market concentration reaching its highest level in at least 50 years [4][3] MarketAxess (MKTX) - MarketAxess has seen revenue growth from $511 million in 2019 to an estimated $814 million in 2023, with an 8% revenue growth this year [2] - Analysts anticipate a return to double-digit growth in both top and bottom lines by 2025 [2] - Despite a significant decline in stock value since its 2020 peak, the credit market's size supports both MarketAxess and its competitor Tradeweb, with potential for increased trading activity once interest rates are cut [8][7] Henry Schein (HSIC) - Henry Schein is the largest provider of dental equipment globally, operating in 33 countries and serving over one million customers [10] - The dental market is expected to grow rapidly due to increased consumer focus on aesthetics and an aging population, leading to higher demand for dental services [11][12] - Since its IPO in 1995, Henry Schein has achieved an 11.5% compounded annual growth rate in revenues, with strong growth prospects ahead [13] McCormick (MKC) - McCormick dominates the U.S. spices and seasonings market, controlling an estimated 40% to 60% market share in its primary categories [15] - The company has shown remarkable stock performance, with shares rising over 6,500% in the past 40 years, benefiting from strong consumer demand for flavorful foods [16] - McCormick is expanding into adjacent markets through acquisitions, such as Frank's and Cholula, to enhance its position in the hot sauce category [17]

Company Overview - Henry Schein Inc. (HSIC) is well positioned due to its extensive global presence and diverse distribution channels, although macroeconomic concerns are negatively impacting its operational results [1][5] - The company has strategically established distribution centers worldwide, enhancing customer service and operational efficiency, with a presence in North America, Australia, New Zealand, and emerging markets like China, Brazil, Israel, the Czech Republic, and Poland [2] Business Segments - In the Dental business, Henry Schein focuses on delivering customized solutions by leveraging market insights and technological advancements, while also selling cost-effective consumable products and manufacturing dental specialty products [3] - The company is optimistic about its dental technology joint venture, Henry Schein One, which is driving significant gains in core products such as practice management software and AI solutions [4] Financial Performance - The current macroeconomic environment, including exchange rate fluctuations, inflation, and recession, is adversely affecting Henry Schein's financial operations, leading to a 10.3% increase in selling, general, and administrative expenses in the first quarter compared to the previous year [5] - In the first quarter of 2024, the company's Technology and Value-Added service sales grew by 13.8% year-over-year, with North American growth driven by value-added services and international growth led by dental cloud-based solutions [10] Market Position - Henry Schein is experiencing consistent demand for its implant systems, endodontic products, and integrated software solutions, and is gaining market share in the Global Dental specialties market through acquisitions [11] - However, the company faced a decline in fourth-quarter 2023 sales by an estimated $350 million-$400 million due to a cybersecurity incident, which also impacted operating income by approximately $120 million-$130 million [12]

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Group 1 - Zacks Premium offers various tools for investors to enhance their stock market confidence and investment strategies, including daily updates, research reports, and stock screens [1][2] - The Zacks Style Scores categorize stocks based on value, growth, and momentum characteristics, providing ratings from A to F to indicate potential performance [2][3] Group 2 - The Value Score identifies attractive stocks using financial ratios like P/E and Price/Sales, appealing to value investors seeking undervalued opportunities [3] - The Growth Score focuses on a company's future prospects by analyzing earnings, sales, and cash flow, targeting growth investors [4] - The Momentum Score helps investors capitalize on price trends by assessing recent price changes and earnings estimate shifts [5] Group 3 - The VGM Score combines all three Style Scores, offering a comprehensive view for investors who utilize multiple investing strategies [6] - The Zacks Rank, based on earnings estimate revisions, has shown strong historical performance, with 1 (Strong Buy) stocks averaging a +25.41% annual return since 1988 [7][8] Group 4 - For optimal returns, investors should focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B, maximizing the probability of success [9] - Stocks with lower ranks but high Style Scores may still face downward price pressure if earnings outlooks are negative [10] Group 5 - Henry Schein Inc. (HSIC) is a leading global distributor of health care products, serving various practitioners and operating in 33 countries [11] - HSIC currently holds a 3 (Hold) Zacks Rank with a VGM Score of A and a Momentum Style Score of B, having seen a 5.3% increase in shares over the past month [11][12] - Analysts have revised HSIC's earnings estimate upwards, with the Zacks Consensus Estimate increasing by $0.02 to $5.08 per share, indicating a solid investment opportunity [12]

Henry Schein (HSIC) recently extended its existing partnership with Special Olympics through 2025 to support health screening and education for its athletes at select events around the world. Through the collaboration, the company donates essential oral health and medical care products for the Special Olympics Healthy Athletes program in Australia, Canada, Germany, the United Kingdom and the United States. The donations to Special Olympics Healthy Athletes are an initiative of Henry Schein Cares, HSIC's glo ...

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.It also includes access to the Zacks Style Scores.What ar ...