S&P 500 (NYSE:SPY) component DENTSPLY International, Inc. (NASDAQ:XRAY) will unveil its latest earnings on Thursday, July 28, 2011. DENTSPLY International, Inc. manufactures and distributes dental equipment and products, including artificial teeth and dental consumable products.
DENTSPLY International, Inc. Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for net income of 51 cents per share, a rise of 2% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 54 cents. Between one and three months ago, the average estimate moved down, but it has been unchanged at 51 cents during the last month. For the year, analysts are projecting profit of $1.93 per share, a rise of 1.6% from last year.
Past Earnings Performance: The company is looking to make a streak of three quarters of beating estimates. Last quarter, it beat expectations by reporting net income of 49 cents per share, and the previous quarter, it had profit of 51 cents.
Wall St. Revenue Expectations: On average, analysts predict $575.3 million in revenue this quarter, a rise of 1.8% from the year ago quarter. Analysts are forecasting total revenue of $2.27 billion for the year, a rise of 2.3% from last year’s revenue of $2.22 billion.
Analyst Ratings: Analysts are bullish on this stock with eight analysts rating it as a buy, none rating it as a sell and three rating it as a hold.
The increase in profit in the first quarter breaks a streak of two consecutive quarters of year-over-year profit decreases. In the first quarter, net income rose 11.7%, while the figure dropped 9.4% in the fourth quarter of the last fiscal year and 5.7% in the third quarter of the last fiscal year.
Revenue rose in the first quarter after seeing a drop the quarter before. Revenue rose 4.5% to $570.5 million in the first quarter from the year earlier. In the fourth quarter of the last fiscal year, revenue fell 0.1%.
Competitors to Watch: Young Innovations, Inc. (NASDAQ:YDNT), Align Technology, Inc. (NASDAQ:ALGN), Sirona Dental Systems, Inc. (NASDAQ:SIRO), Biolase Technology, Inc. (NASDAQ:BLTI), Pro-Dex, Inc. (NASDAQ:PDEX), Danaher Corporation (NYSE:DHR), Integra LifeSciences Hldgs. Corp. (NASDAQ:IART), 3M Company (NYSE:MMM), Cantel Medical Corp. (NYSE:CMN), and Zimmer Holdings, Inc. (NYSE:ZMH).
Stock Price Performance: During April 27, 2011 to July 22, 2011, the stock price had risen $2.83 (7.7%) from $36.71 to $39.54. The stock price saw one of its best stretches over the last year between June 27, 2011 and July 8, 2011 when shares rose for nine-straight days, rising 5.6% (+$2.07) over that span. It saw one of its worst periods between May 31, 2011 and June 8, 2011 when shares fell for seven-straight days, falling 5.7% (-$2.22) over that span. Shares are up $5.46 (+16%) year to date.
(Source: Xignite Financials)