Sirona Dental Systems Beats on Both Top and Bottom Lines

Sirona Dental Systems (Nasdaq: SIRO  ) reported earnings on Feb. 8. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q1), Sirona Dental Systems beat slightly on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue expanded and GAAP earnings per share increased.

Gross margins increased, operating margins expanded, net margins contracted.

Revenue details
Sirona Dental Systems reported revenue of $272.4 million. The 12 analysts polled by S&P Capital IQ expected revenue of $267.7 million on the same basis. GAAP reported sales were 5.5% higher than the prior-year quarter's $258.1 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.94. The 14 earnings estimates compiled by S&P Capital IQ forecast $0.85 per share. GAAP EPS of $0.68 for Q1 were 1.5% higher than the prior-year quarter's $0.67 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 55.8%, 200 basis points better than the prior-year quarter. Operating margin was 21.6%, 60 basis points better than the prior-year quarter. Net margin was 14.1%, 70 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $248.3 million. On the bottom line, the average EPS estimate is $0.73.

Next year's average estimate for revenue is $1.07 billion. The average EPS estimate is $3.39.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 106 members out of 120 rating the stock outperform, and 14 members rating it underperform. Among 42 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 38 give Sirona Dental Systems a green thumbs-up, and four give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Sirona Dental Systems is outperform, with an average price target of $69.28.

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