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Align Tech (NASDAQ:ALGN) is set to give its latest quarterly earnings report on Wednesday, 2023-02-01. Here’s what investors need to know before the announcement.
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Analysts estimate that Align Tech will report an earnings per share (EPS) of $1.58.
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Align Tech bulls will hope to hear the company announce they’ve not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
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New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
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Historical Earnings Performance
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Last quarter the company missed EPS by $0.85, which was followed by a 18.1% drop in the share price the next day.
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Here’s a look at Align Tech’s past performance and the resulting price change:
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| Quarter | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|
| EPS Estimate | 2.21 | 2.28 | 2.23 | 2.73 |
| EPS Actual | 1.36 | 2 | 2.13 | 2.83 |
| Price Change % | -18.1% | 7.48% | -15.47% | -0.46% |
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Stock Performance
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Shares of Align Tech were trading at $265.82 as of January 30. Over the last 52-week period, shares are down 47.27%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.
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To track all earnings releases for Align Tech visit their earnings calendar on our site.
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This article was generated by Benzinga’s automated content engine and reviewed by an editor.