Headquartered in Melville, NY, Henry Schein Inc.HSIC is a global leading provider of healthcare products and services. The company serves office-based dental, medical and animal health practitioners, dental laboratories, government as well as institutional health care clinics and other alternate-care sites. Presently, Henry Schein serves more than 1 million customers and has operations in 28 countries. The company entered the prestigious Standard & Poor's (S&P) 500 Index in Mar, 2015.
Currently, Henry Schein has a Zacks Rank #2 (Buy) but that could change following its impressive first quarter 2017 earnings report which has just released. (You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.) We have highlighted some of the key details from the just-released announcement below:
Earnings: The Zacks Consensus Estimate remained steady at $1.66 per share over the last 60 days. Henry Schein's adjusted earnings per share of $1.76 beat this estimate by 2.4%.
Henry Schein, Inc. Price and EPS Surprise
Revenues: Henry Schein posted revenues of $2.92 billion, ahead of the Zacks Consensus Estimate for revenues of $2.83 billion.
Key Stats : Revenues in the first quarter derived from Henry Schein's Dental segment grew 7.9% year over year to $1.40 billion, while Animal Health segment recorded sales of $812.9 million, up 5.4% compared with the prior-year quarter. Revenues from Medical segment increased 11.3% year over year to $598.9 million, while sales from Technology and Value-added services segment grew 4.2% to $105.9 million.
Major Factors : Per management, the markets that Henry Schein serves are growing in a healthy manner and all its four global segments gained solid market share during the quarter. The company affirmed adjusted EPS guidance for 2017.
Stock Price : Following the earnings release, share prices did not show any significant movement in the pre-market trading session.
Check back later for our full write up on this Henry Schein earnings report later!
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