Dental technology company Align Technology (NASDAQ:ALGN)
will be reporting results tomorrow after market close. Here’s what you need to know.
Align Technology met analysts’ revenue expectations last quarter, reporting revenues of $995.2 million, up 4% year on year. It was a mixed quarter for the company, with revenue guidance for next quarter meeting analysts’ expectations but EPS in line with analysts’ estimates.
This quarter, analysts are expecting Align Technology’s revenue to decline 2.2% year on year to $975 million, a reversal from the 5.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.99 per share.
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. Align Technology has missed Wall Street’s revenue estimates five times over the last two years.
Looking at Align Technology’s peers in the healthcare equipment and supplies segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Penumbra delivered year-on-year revenue growth of 16.3%, beating analysts’ expectations by 2.7%, and Boston Scientific reported revenues up 20.9%, topping estimates by 2%. Penumbra traded up 7.2% following the results while Boston Scientific was also up 6.5%.
Debates around the economy’s health and the impact of potential tariffs and corporate tax cuts have caused much uncertainty in 2025. While some of the healthcare equipment and supplies stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 5.2% on average over the last month. Align Technology is up 14% during the same time and is heading into earnings with an average analyst price target of $225.04 (compared to the current share price of $181.09).
Join thousands of traders who make more informed decisions with our premium features.
Real-time quotes, advanced visualizations, backtesting, and much more.