Here is a sneak peek into how three MedTech stocks, BSX, TMO and ALGN, are expected to fare in their third-quarter results, slated to be released tomorrow.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Align Technology (ALGN), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended September 2024.
Align Technology's third-quarter results are likely to reflect the strength in its Clear Aligner and Systems & Services businesses.
ALGN is facing a decline in Invisalign ASPs for comprehensive treatment options. This is resulting in a decline in the company's revenues.
Align Technology , the maker of Invisalign clear teeth aligners, agreed to pay $27.5 million to settle a lawsuit claiming it entered an illegal antitrust conspiracy that drove up prices of aligners made by rival SmileDirectClub.
Align Technology (ALGN) reported earnings 30 days ago. What's next for the stock?
Align's recent earnings were underwhelming, leading to a 21.56% YTD stock drop. Q2 2024 earnings showed mixed results, with EPS beating estimates but revenue slightly lower than expected. Align's potential lies in its large TAM, strong gross margin, and top management, but growth needs to accelerate for investor trust.
Align Technology's (ALGN) Clear Aligner ASP is facing a significant impact of unfavorable foreign exchange across multiple currencies.
Align Technology's (ALGN) records second-quarter 2024 revenue growth across all regions. This was mostly due to a robust performance by the Imaging Systems & CAD/CAM Services business segment.
Align Technology, Inc. (NASDAQ:ALGN ) Q2 2024 Earnings Conference Call July 24, 2024 4:30 PM ET Company Participants Shirley Stacy - Vice President of Corporate Communications & Investor Relations Joe Hogan - President & Chief Executive Officer John Morici - Chief Financial Officer Conference Call Participants Michael Cherny - Leerink Partners Elizabeth Anderson - Evercore ISI Jonathan Block - Stifel, Nicolaus & Company Jeff Johnson - Baird Brandon Vazquez - William Blair Jason Bednar - Piper Sandler Michael Ryskin - Bank of America Erin Wright - Morgan Stanley Operator Greetings. Welcome to the Align Technology Second Quarter 2024 Earnings Call.
The headline numbers for Align Technology (ALGN) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Align Technology (ALGN) came out with quarterly earnings of $2.41 per share, beating the Zacks Consensus Estimate of $2.32 per share. This compares to earnings of $2.22 per share a year ago.