Align Technology (ALGN) reported revenue of $997.43 million for the quarter ended March 2024, representing a 5.8% increase compared to the same period last year. Earnings per share (EPS) came in at $2.14, up from $1.82 in the year-ago quarter. These results exceeded the Zacks Consensus Estimate, with revenue surpassing expectations by 2.62% and EPS topping estimates by 8.08%.
Investors typically analyze revenue and earnings changes year-over-year and compare them against Wall Street expectations to make investment decisions. However, certain key metrics provide a more accurate assessment of a company’s financial health. By examining these metrics compared to the previous year and analyst estimates, investors can better predict a stock’s price performance.
Align Technology performed well in key metrics monitored by Wall Street analysts in the latest quarter. Clear aligner shipments totaled 605, exceeding the average estimate of 589. Net revenues for Imaging Systems and CAD/CAM Services reached $180.18 million, higher than the average estimate of $163.02 million from three analysts. Total Clear Aligner net revenues amounted to $817.25 million, surpassing the average estimate of $811