Slowing economy impacts Henry Schein’s performance
- Henry Schein’s stock falls 1.5% after revenue miss and lowered guidance
- Net income for the quarter was $173 million, or $1.32 a share
- Sales rose to $3.162 billion, just below the $3.212 billion consensus
- Full-year guidance lowered to reflect a slowing economy
- Adjusted EPS expected to be $4.43 to $4.71, below the consensus of $5.20
- Sales expected to be down 1% to 3%, compared to previous guidance of 1% to 3% growth
- Stock has fallen 20% in the year to date
Henry Schein Inc.’s stock fell 1.5% in premarket trade after the provider of dental and medical supplies missed sales estimates for the third quarter and lowered its full-year guidance. The company reported net income of $173 million, or $1.32 a share, for the quarter, matching the FactSet consensus. However, sales came in just below expectations at $3.162 billion. As a result, Henry Schein narrowed its full-year guidance and now expects adjusted EPS of $4.43 to $4.71, below the consensus of $5.20. The company also revised its sales outlook, expecting a decline of 1% to 3% instead of the previously projected growth. This performance has led to a 20% decline in the company’s stock year to date.
Factuality Level: 8
Factuality Justification: The article provides specific financial information about Henry Schein Inc.’s sales and earnings for the third quarter, as well as their revised full-year guidance. The information is sourced from the company’s financial reports and includes comparisons to analyst consensus estimates. There is no apparent bias or opinion presented in the article.
Noise Level: 3
Noise Justification: The article provides relevant information about Henry Schein Inc.’s stock performance, sales estimates, and lowered guidance. It includes specific numbers and comparisons to previous periods and consensus estimates. However, it lacks analysis of long-term trends or antifragility and does not hold powerful people accountable or explore consequences of decisions.
Financial Relevance: Yes
Financial Markets Impacted: Henry Schein Inc.’s stock
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to financial topics as it discusses Henry Schein Inc.’s financial performance, including its missed sales estimates and lowered full-year guidance. However, there is no mention of an extreme event.
Public Companies: Henry Schein Inc. (HSIC)
Key People:
Reported publicly:
www.marketwatch.com 
