Sirona Dental Systems Earnings: Everything You Must Know Now
Sirona Dental Systems Inc. (NASDAQ:SIRO) delivered a profit and met Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Sirona Dental Systems Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 13.75% to $0.91 in the quarter versus EPS of $0.80 in the year-earlier quarter.
Revenue: Rose 17.02% to $283.2 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Sirona Dental Systems Inc. reported adjusted EPS income of $0.91 per share. By that measure, the company met the mean analyst estimate of $0.91. It beat the average revenue estimate of $281.41 million.
Quoting Management: Jeffrey Slovin, President and CEO of Sirona commented: “Sirona’s record third quarter reflects our strong showing at IDS, the delivery of Omnicam trade-ups and the continued adoption of digital dentistry. Both the U.S. and Germany had extraordinary quarters and were significant contributors to our robust results. Imaging and CAD/CAM led the way growing 21.0% and 19.4%, respectively, on a constant currency basis.”
Key Stats (on next page)…
Revenue increased 5.94% from $267.33 million in the previous quarter. EPS increased 21.33% from $0.75 in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.87 to a profit $0.81. For the current year, the average estimate has moved down from a profit of $3.45 to a profit of $3.41 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)