Sirona Dental Systems Meets on the Top Line, Misses Where It Counts

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Sirona Dental Systems (NAS: SIRO) reported earnings on May 4. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q2), Sirona Dental Systems met expectations on revenues and missed estimates on earnings per share.

Compared with the prior-year quarter, revenue grew and GAAP earnings per share grew.


Gross margins contracted, operating margins expanded, net margins contracted.

Revenue details
Sirona Dental Systems recorded revenue of $231.9 million. The 12 analysts polled by S&P Capital IQ predicted revenue of $232.1 million on the same basis. GAAP reported sales were 8.0% higher than the prior-year quarter's $214.7 million.

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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 $0.64. The 14 earnings estimates compiled by S&P Capital IQ predicted $0.69 per share. GAAP EPS of $0.54 for Q2 were 5.9% higher than the prior-year quarter's $0.51 per share.

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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 53.8%, 10 basis points worse than the prior-year quarter. Operating margin was 17.3%, 170 basis points better than the prior-year quarter. Net margin was 13.2%, 50 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $244.8 million. On the bottom line, the average EPS estimate is $0.80.

Next year's average estimate for revenue is $968.6 million. The average EPS estimate is $3.07.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 106 members out of 119 rating the stock outperform, and 13 members rating it underperform. Among 38 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 34 give Sirona Dental Systems a green thumbs-up, and four 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 $56.19.

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At the time this article was published

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