Analyst Says Henry Schein 2023 Guidance Encouraging But Still Impacted By Headwinds

Loading...
Loading...
  • Henry Schein Inc HSIC posts Q4 FY22 sales of $3.37 billion, beating the consensus of $3.34 billion.
  • The 1.2% increase included a 1.8% decrease in local currencies excluding acquisitions, 1.1% growth from acquisitions, and a 3.0% decrease related to foreign currency exchange, while the extra week of sales contributed 4.9% to sales growth.
  • Sales of PPE products and COVID-19 test kits in the fourth quarter were $254 million, which is $194 million lower than the prior-year period. Excluding sales of PPE products and COVID-19 test kits, fourth-quarter internal sales growth in local currencies was 5.0%.
  • William Blair writes that management's 2023 EPS guidance of $5.25 to $5.42 is above the consensus but is not directly comparable since management is now excluding the amortization of intangibles.
  • Sales growth is expected to be 1%-3% despite 30% to 35% declines in PPE and COVID sales. 
  • The analyst says the guidance is inline given the number of macro headwinds.
  • Price Action: HSIC stock is down 7.55% at $81.94 on the last check Thursday.
Market News and Data brought to you by Benzinga APIs
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: Analyst ColorEarningsEarnings BeatsNewsGuidanceHealth CareAnalyst RatingsMoversTrading IdeasGeneralBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...