Henry Schein
The 10-second takeaway
For the quarter ended Sep. 29 (Q3), Henry Schein met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share grew.
Margins contracted across the board.
Revenue details
Henry Schein reported revenue of $2.23 billion. The 13 analysts polled by S&P Capital IQ foresaw a top line of $2.24 billion on the same basis. GAAP reported sales were 5.7% higher than the prior-year quarter's $2.11 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at $1.08. The 15 earnings estimates compiled by S&P Capital IQ predicted $1.08 per share. GAAP EPS of $1.08 for Q3 were 9.1% higher than the prior-year quarter's $0.99 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 27.3%, 50 basis points worse than the prior-year quarter. Operating margin was 6.7%, 10 basis points worse than the prior-year quarter. Net margin was 4.3%, 10 basis points worse than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $2.43 billion. On the bottom line, the average EPS estimate is $1.20.
Next year's average estimate for revenue is $8.96 billion. The average EPS estimate is $4.36.
Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 91 members out of 102 rating the stock outperform, and 11 members rating it underperform. Among 32 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 30 give Henry Schein a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Henry Schein is hold, with an average price target of $79.53.
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