Henry Schein (HSIC) Q3 Earnings Report Preview: What To Look For

Dental and medical products company Henry Schein (NASDAQ:HSIC) will be reporting results this Tuesday before market open. Here’s what you need to know.

Henry Schein met analysts’ revenue expectations last quarter, reporting revenues of $3.24 billion, up 3.3% year on year. It was a slower quarter for the company, with a significant miss of analysts’ EPS estimates.

Is Henry Schein a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Henry Schein’s revenue to grow 3.2% year on year to $3.28 billion, improving from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $1.28 per share.Henry Schein Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings.

Looking at Henry Schein’s peers in the healthcare equipment and supplies segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Align Technology delivered year-on-year revenue growth of 1.8%, beating analysts’ expectations by 2.2%, and Intuitive Surgical reported revenues up 22.9%, topping estimates by 3%. Align Technology traded up 4.9% following the results while Intuitive Surgical was also up 13.9%.

Read our full analysis of Align Technology’s results here and Intuitive Surgical’s results here.

Investors in the healthcare equipment and supplies segment have had steady hands going into earnings, with share prices flat over the last month. Henry Schein is down 4.3% during the same time and is heading into earnings with an average analyst price target of $73.15 (compared to the current share price of $63.20).

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