Align Technology Exceeds Expectations with Strong Financial Results, Key Metrics Indicate Continued Success

Align Technology ( ALGN ) has reported strong financial results for the quarter ended March 2024, with revenue of $997.43 million, up 5.8% compared to the same period last year. Earnings per share (EPS) were $2.14, up from $1.82 in the year-ago quarter. These results exceeded the Zacks Consensus Estimate by 2.62% in revenue and 8.08% in EPS, indicating that investors are taking notice of the company’s strong performance.

While investors typically analyze year-over-year changes in revenue and earnings and compare them to Wall Street expectations to make investment decisions, 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 share price performance.

In the most recent quarter, Align Technology performed well in key metrics tracked by Wall Street analysts. Net alignment shipments were 605, beating the average estimate of 589. Net revenue for Imaging Systems and CAD/CAM Services came in at $180.18 million, beating the average estimate of $163.02 million among three analysts. Clear Aligner’s total net income was $817.25 million, beating the average estimate of $811.06 million from three analysts.

Shares of Align Technology have returned -2