Henry Schein (HSIC) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

Core Viewpoint - The market anticipates a year-over-year decline in earnings for Henry Schein (HSIC) despite an increase in revenues when it reports its quarterly results for September 2024, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - Henry Schein is expected to report quarterly earnings of $1.16 per share, reflecting a year-over-year decrease of 12.1%, while revenues are projected to reach $3.24 billion, representing a 2.5% increase from the previous year [3]. Estimate Revisions - The consensus EPS estimate has been revised 0.27% higher in the last 30 days, indicating a slight bullish sentiment among analysts regarding the company's earnings prospects [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model shows that the Most Accurate Estimate for Henry Schein is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +0.09%, suggesting a likelihood of beating the consensus EPS estimate [10]. Historical Performance - In the last reported quarter, Henry Schein exceeded the expected earnings of $1.22 per share by posting $1.23, achieving a surprise of +0.82%. Over the last four quarters, the company has beaten consensus EPS estimates twice [11][12]. Investment Considerations - While a potential earnings beat may increase stock price, other factors can also influence stock movement, making it essential for investors to consider the broader context beyond just earnings results [13][15].