Align Technology (ALGN) Stock

Align Technology (ALGN) shared its earnings report 30 days ago. What can we expect for the stock moving forward?

TEMPE, Ariz.--(BUSINESS WIRE)--Align Technology, Inc. (“Align”) (Nasdaq: ALGN), a top global medical device firm known for its Invisalign® clear aligners, iTero™ intraoral scanners, and exocad™ CAD/CAM software for digital orthodontics and restorative dentistry, has announced its participation in several upcoming financial conferences. The presentations will be available for live streaming through the Investor Relations section.

Align Technology has introduced the Invisalign Smile Architect software, which offers various treatment plans for personalized care. This new tool aims to provide tailored treatment options for users.

Align Technology shared mixed results for their Q3 earnings, achieving an EPS of $2.35 but falling short on revenue at $977.87 million. Although they faced difficulties in the U.S. market, they experienced growth in Asia Pacific, EMEA, and Latin America, along with a rise in Clear Aligner sales. The company attributes its growth to product improvements, investments in infrastructure, and partnerships, forecasting a revenue increase of 5.29%-7.53% year-over-year from Q4 2024 to Q4 2026.

TEMPE, Ariz.--(BUSINESS WIRE)--Align Technology, Inc. (“Align”) (Nasdaq: ALGN), a top global medical device company known for its Invisalign® clear aligners, iTero™ intraoral scanners, and exocad™ CAD/CAM software, has announced its intention to buy back $275 million of its common stock. This will be done through open market purchases as part of Align's $1.0 billion stock repurchase program that has been approved.

Align Technology has announced that its revenue increased in the third quarter of 2024. This growth is mainly due to strong results from the Imaging Systems and CAD/CAM Services division.

Align Technology, Inc. (NASDAQ:ALGN) will hold its Q3 2024 Earnings Conference Call on October 23, 2024, at 4:30 PM ET. The call will feature company representatives including Shirley Stacy, Joe Hogan, and John Morici, along with various participants from different financial firms. The operator will begin the call by welcoming everyone to the discussion about Align's third-quarter earnings.

While the revenue and earnings per share (EPS) for Align Technology (ALGN) provide insight into its performance for the quarter ending September 2024, it could be helpful to look at how these important figures stack up against Wall Street predictions and last year's results.

Align Technology (ALGN) reported quarterly earnings of $2.35 per share, which is higher than the Zacks Consensus Estimate of $2.31 per share. This is an increase compared to earnings of $2.14 per share from the same period last year.