Align Technology (ALGN) Tops Q4 EPS by 13c, Q1 Guidance Misses Consensus

(Updated - January 29, 2020 4:46 PM EST)

Align Technology (NASDAQ: ALGN) reported Q4 EPS of $1.53, $0.13 better than the analyst estimate of $1.40. Revenue for the quarter came in at $649.8 million versus the consensus estimate of $646.51 million.

For Q1’20, Align provides the following guidance:

• Net revenues in the range of $615.0 million to $630.0 million, up approximately 12% to 15% over the same period a year ago, which reflects $30.0 million to $35.0 million less revenues for Invisalign and iTero products sold in China.
• Invisalign case shipments in the range of 396 thousand to 406 thousand, up approximately 13% to 16% over the same period a year ago, which reflects approximately 20,000 to 25,000 fewer Invisalign case shipments from China.
• GAAP operating margin in the range of 15.4% to 16.5%.
• • Non-GAAP operating margin in the range of 19.5% to 20.5%.
• GAAP effective tax rate in the range of (1,440%) to (1,302%)
• • Non-GAAP effective tax rate in the range of 22% to 23%.
• GAAP diluted EPS in the range of $18.65 to $18.74.
• • Non-GAAP diluted EPS in the range of $1.19 to $1.28.

(*Consensus sees Q1 EPS of $1.44 on revenue of $657.3 million)

For earnings history and earnings-related data on Align Technology (ALGN) click here.

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