DENTSPLY SIRONA First Quarter 2024 Earnings: Misses Expectations

DENTSPLY SIRONA (NASDAQ:XRAY) First Quarter 2024 Results

Key Financial Results

• Revenue: US$953.0m (down 2.6% from 1Q 2023).
• Net income: US$18.0m (up from US$19.0m loss in 1Q 2023).
• Profit margin: 1.9% (up from net loss in 1Q 2023).
• EPS: US$0.087 (up from US$0.089 loss in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

DENTSPLY SIRONA Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) also missed analyst estimates by 64%.

Looking ahead, revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Medical Equipment industry in the US.

Performance of the American Medical Equipment industry.

The company's shares are down 6.5% from a week ago.

Valuation

If you are seeking undervalued stocks, our analysis of 6 valuation measures indicates DENTSPLY SIRONA could be a good place to look. To explore our complete evaluation click here and get an understanding of what analysts are thinking about the company's future.

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