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DENTSPLY SIRONA (XRAY) to Post Q2 Earnings: What's in Store?
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DENTSPLY SIRONA Inc. (XRAY - Free Report) is scheduled to release second-quarter 2020 results on Aug 6, before the opening bell.
In the last reported quarter, the company delivered a earnings surprise of 14%. Further, it has a trailing four-quarter positive earnings surprise of 14.2%, on average.
Q2 Estimates
For the second quarter, the Zacks Consensus Estimate for revenues is pegged at $510.3 million, indicating a decline of 49.5% from the year-ago quarter. The consensus mark for the bottom line is pegged at a loss of 3 cents.
Factors to Note
DENTSPLY SIRONA’s Consumables segment is likely to have witnessed decline in revenues in the second quarter. The weak performance can be attributable to fall in organic sales resulting from lower demand across all three regions due to lower visits by dentists and customers and procedures on account of the COVID-19 pandemic.
Moreover, the company’s Technology & Equipment segment’s second-quarter results are likely to reflect weak performance across all its products categories, equipment and instruments, and implants owing to the pandemic.
The company’s CAD/CAM is a dental imaging platform and a significant presence in global dental markets. Product launches and innovation in this area might have driven CAD/CAM sales in the to-be-reported quarter. This, in turn, is likely to have contributed to the company’s top line in the United States.
However, the impact of the pandemic in the second quarter may have weighed on the company’s dental imaging platform’s performance.
DENTSPLY SIRONA’s Primescan — a digital impression scanner, and Primemill, another addition to the CEREC product portfolio in January, are likely to have positively impacted the company’s second-quarter performance.
The company’s growth strategy has been focused on product innovation, and research and development (R&D) focus, which may have benefited the company’s second-quarter performance. Apart from this, solid track record of innovation and a dedicated, passionate workforce is likely to have contributed to the to-be-reported quarter’s performance.
However, DENTSPLY SIRONA’s significant international presence may have weighed on the company’s second-quarter performance. Foreign exchange headwind is likely to get reflected in the to-be-reported quarter’s results.
What Our Quantitative Model Suggests
Per our proven model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. This is the case here as you will see.
Earnings ESP: DENTSPLY SIRONA has an Earnings ESP of +137.50%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: DENTSPLY SIRONA carries a Zacks Rank #3.
Other Stocks Worth a Look
Here are some other medical stocks worth considering as these too have the right combination of elements to post an earnings beat this quarter.
GW Pharmaceuticals plc has an Earnings ESP of +17.38% and a Zacks Rank of 3.
Nevro Corp. (NVRO - Free Report) has an Earnings ESP of +15.17% and a Zacks Rank of 3.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
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DENTSPLY SIRONA (XRAY) to Post Q2 Earnings: What's in Store?
DENTSPLY SIRONA Inc. (XRAY - Free Report) is scheduled to release second-quarter 2020 results on Aug 6, before the opening bell.
In the last reported quarter, the company delivered a earnings surprise of 14%. Further, it has a trailing four-quarter positive earnings surprise of 14.2%, on average.
Q2 Estimates
For the second quarter, the Zacks Consensus Estimate for revenues is pegged at $510.3 million, indicating a decline of 49.5% from the year-ago quarter. The consensus mark for the bottom line is pegged at a loss of 3 cents.
Factors to Note
DENTSPLY SIRONA’s Consumables segment is likely to have witnessed decline in revenues in the second quarter. The weak performance can be attributable to fall in organic sales resulting from lower demand across all three regions due to lower visits by dentists and customers and procedures on account of the COVID-19 pandemic.
Moreover, the company’s Technology & Equipment segment’s second-quarter results are likely to reflect weak performance across all its products categories, equipment and instruments, and implants owing to the pandemic.
The company’s CAD/CAM is a dental imaging platform and a significant presence in global dental markets. Product launches and innovation in this area might have driven CAD/CAM sales in the to-be-reported quarter. This, in turn, is likely to have contributed to the company’s top line in the United States.
DENTSPLY SIRONA Inc. Price and EPS Surprise
DENTSPLY SIRONA Inc. price-eps-surprise | DENTSPLY SIRONA Inc. Quote
However, the impact of the pandemic in the second quarter may have weighed on the company’s dental imaging platform’s performance.
DENTSPLY SIRONA’s Primescan — a digital impression scanner, and Primemill, another addition to the CEREC product portfolio in January, are likely to have positively impacted the company’s second-quarter performance.
The company’s growth strategy has been focused on product innovation, and research and development (R&D) focus, which may have benefited the company’s second-quarter performance. Apart from this, solid track record of innovation and a dedicated, passionate workforce is likely to have contributed to the to-be-reported quarter’s performance.
However, DENTSPLY SIRONA’s significant international presence may have weighed on the company’s second-quarter performance. Foreign exchange headwind is likely to get reflected in the to-be-reported quarter’s results.
What Our Quantitative Model Suggests
Per our proven model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. This is the case here as you will see.
Earnings ESP: DENTSPLY SIRONA has an Earnings ESP of +137.50%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: DENTSPLY SIRONA carries a Zacks Rank #3.
Other Stocks Worth a Look
Here are some other medical stocks worth considering as these too have the right combination of elements to post an earnings beat this quarter.
Integra LifeSciences Holdings Corporation (IART - Free Report) has an Earnings ESP of +20.69% and a Zacks Rank of 3. You can see the complete list of today’s Zacks #1 Rank stocks here.
GW Pharmaceuticals plc has an Earnings ESP of +17.38% and a Zacks Rank of 3.
Nevro Corp. (NVRO - Free Report) has an Earnings ESP of +15.17% and a Zacks Rank of 3.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
See 8 breakthrough stocks now>>