Sirona Dental Systems Inc. (NASDAQ:SIRO) delivered a profit and beat 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 17.19% to $0.75 in the quarter versus EPS of $0.64 in the year-earlier quarter.
Revenue: Rose 15.29% to $267.3 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Sirona Dental Systems Inc. reported adjusted EPS income of $0.75 per share. By that measure, the company beat the mean analyst estimate of $0.72. It beat the average revenue estimate of $255.81 million.
Quoting Management: Jeffrey Slovin, President and CEO of Sirona commented: “Sirona’s strong second quarter reflects our continued momentum in the marketplace. We posted record quarters in both CAD/CAM and Treatment Centers, up 20.6% and 16.7% respectively, on a constant currency basis. Importantly, our double digit growth was broad based, with the U.S. up 12.1%, and International markets up 15.7%, constant currency, led by Germany and non-European markets.”
Key Stats (on next page)…
Revenue decreased 1.87% from $272.4 million in the previous quarter. EPS decreased 20.21% from $0.94 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 $0.93 to a profit $0.92. For the current year, the average estimate has moved up from a profit of $3.42 to a profit of $3.45 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)