Sirona Dental Systems
The 10-second takeaway
For the quarter ended March 31 (Q2), Sirona Dental Systems beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. Non-GAAP earnings per share grew significantly. GAAP earnings per share increased.
Gross margins expanded, operating margins grew, net margins contracted.
Sirona Dental Systems reported revenue of $267.3 million. The 13 analysts polled by S&P Capital IQ expected net sales of $255.8 million on the same basis. GAAP reported sales were 15% higher than the prior-year quarter's $231.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.75. The 15 earnings estimates compiled by S&P Capital IQ predicted $0.72 per share. Non-GAAP EPS of $0.75 for Q2 were 17% higher than the prior-year quarter's $0.64 per share. GAAP EPS of $0.56 for Q2 were 3.7% higher than the prior-year quarter's $0.54 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 54.1%, 30 basis points better than the prior-year quarter. Operating margin was 17.8%, 50 basis points better than the prior-year quarter. Net margin was 11.8%, 140 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $283.1 million. On the bottom line, the average EPS estimate is $0.92.
Next year's average estimate for revenue is $1.09 billion. The average EPS estimate is $3.46.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 104 members out of 118 rating the stock outperform, and 14 members rating it underperform. Among 41 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 38 give Sirona Dental Systems a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Sirona Dental Systems is outperform, with an average price target of $79.50.
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