11.08.2022 15:53

Alcon (ALC) Q2 Earnings Surpass Estimates, Guidance Lowered

Folgen
Werbung
Alcon Inc. ALC delivered core earnings per share (EPS) of 63 cents in the second quarter of 2022. Earnings rose 12.5% from the year-ago quarter’s figure. The figure also exceeded the Zacks Consensus Estimate by 14.6%. Alcon’s ”core” results are based on non-IFRS (International Financial Reporting Standards) measures.ALC’s second-quarter reported EPS of 30 cents lagged the year-ago quarter figure by a penny.Revenues in DetailAlcon’s net sales to third parties in the second quarter were $2.20 billion, exceeding the Zacks Consensus Estimate by 0.6%. The top line increased 5.1% from the year-ago quarter’s levels (up 10% at constant exchange rate or CER).In the second quarter, Total Surgical (consisting of implantables, consumables and equipment/other) sales amounted to $1.29 billion, up 17% at CER. Alcon registered implantables growth, driven by the strength in advanced technology lenses for commercial execution and international market recovery.Alcon Price, Consensus and EPS Surprise Alcon price-consensus-eps-surprise-chart | Alcon QuoteTotal Vision Care (comprising contact lenses and ocular health) reported sales of $904 million, up 10% year over year at CER. In the quarter, the United States grew mid-single-digits, in line with historical averages, while Europe and Japan, which were impacted more significantly by COVID-19 in the second quarter of last year, grew in double digits.MarginsThe cost of net sales in the quarter was $999 million, up 14.2% year over year. Adjusted gross profit (net sales to third parties less cost of net sales) fell 1.5% to $1.2 billion in the reported quarter. Adjusted gross margin contracted 362 basis points (bps) to 54.6% in the second quarter of 2022.The core operating margin, according to Alcon, was 18.4% in the quarter, marking a year-over-year expansion of 170 bps at CER.Financial PositionAlcon exited second-quarter 2022, with cash and cash equivalents of $1.03 billion compared with $961 million at the end of Q1.Cumulative net cash flow from operating activities at the end of the quarter was $470 million compared with $542 million a year ago. For the same period, free cash flow totaled $233 million compared with $320 million in the year-ago quarter.2022 ViewAlcon updated its 2022 guidance, assuming global markets grow at slightly above historical rates, inflation remains at current levels throughout the remainder of the year and the supply chain does not materially deteriorate. Also, the exchange rates as of mid-July 2022 are expected to prevail through year-end.The company projects net sales in the range of $8.6-$8.8 billion (down from the earlier projection of $8.7-$8.9 billion), indicating growth of 9-11% at CER from the 2021 level (unchanged). The Zacks Consensus Estimate for ALC’s revenues is pegged at $8.86 billion.The company also reduced core earnings per share expectations to the range of $2.20-$2.30 ($2.35-$2.45), suggesting growth of 19-24% from 2021 levels (unchanged). The Zacks Consensus Estimate for ALC’s earnings is currently pegged at $2.41 per share.Our TakeAlcon exited the second quarter with revenues and earnings beating the Zacks Consensus Estimate. Despite the macroeconomic concerns, the company reported strong underlying second-quarter performance within its business. Its robust innovation pipeline is delivering solid results as evidenced by the successful launch of new ATIOL roles and SiHy contact lenses.However, given the supply chain challenges, unfavorable foreign exchange impact, the ongoing inflationary pressure and other macroeconomic headwinds, the company had to reduce its core EPS and net sales expectations for 2022.Zacks Rank & Key PicksAlcon currently carries a Zacks Rank #2 (Buy).Some other top-ranked stocks in the broader medical space that have announced quarterly results are Quest Diagnostics Incorporated DGX, AMN Healthcare Services, Inc. AMN and Zimmer Biomet Holdings, Inc. ZBH.Quest Diagnostics, carrying a Zacks Rank #2, reported second-quarter 2022 adjusted EPS of $2.36, which beat the Zacks Consensus Estimate by 9.8%. Revenues of $2.45 billion outpaced the consensus mark by 7.5%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Quest Diagnostics has an earnings yield of 6.9% compared with the industry’s 3.9%. DGX’s earnings surpassed estimates in three of the trailing four quarters and missed the same in one, the average being 12.1%.AMN Healthcare, sporting a Zacks Rank #1, reported second-quarter 2022 adjusted EPS of $3.31, which beat the Zacks Consensus Estimate by 11.8%. Revenues of $1.43 billion outpaced the consensus mark by 4.8%.AMN Healthcare has an estimated long-term growth rate of 3.2%. AMN’s earnings surpassed estimates in all the trailing four quarters, the average being 15.7%.Zimmer Biomet reported second-quarter 2022 adjusted EPS of $1.82, which surpassed the Zacks Consensus Estimate by 11.7%. Second-quarter revenues of $1.78 billion outpaced the Zacks Consensus Estimate by 3.5%. It currently has a Zacks Rank #2.Zimmer Biomet has an estimated long-term growth rate of 5%. ZBH’s earnings surpassed estimates in three of the trailing four quarters and missed the same in one, the average being 7.4%.Zacks' Top Picks to Cash in on Electric VehiclesBig money has already been made in the Electric Vehicle (EV) industry. But, the EV revolution has not hit full throttle yet. There is a lot of money to be made as the next push for future technologies ramps up. Zacks’ Special Report reveals 5 picks investorsSee 5 EV Stocks With Extreme Upside Potential >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Quest Diagnostics Incorporated (DGX): Free Stock Analysis Report Alcon (ALC): Free Stock Analysis Report AMN Healthcare Services Inc (AMN): Free Stock Analysis Report Zimmer Biomet Holdings, Inc. (ZBH): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
Weiter zum vollständigen Artikel bei "Zacks"
Ausgewählte Hebelprodukte auf Novartis AG
Mit Knock-outs können spekulative Anleger überproportional an Kursbewegungen partizipieren. Wählen Sie einfach den gewünschten Hebel und wir zeigen Ihnen passende Open-End Produkte auf Novartis AG
Long
Short
Hebel wählen:
5x
10x
Name
Hebel
KO
Emittent
Quelle: Zacks

Nachrichten zu Novartis AG

  • Relevant
  • Alle
  • vom Unternehmen
  • Peer Group
  • ?

Um Ihnen die Übersicht über die große Anzahl an Nachrichten, die jeden Tag für ein Unternehmen erscheinen, etwas zu erleichtern, haben wir den Nachrichtenfeed in folgende Kategorien aufgeteilt:

Relevant: Nachrichten von ausgesuchten Quellen, die sich im Speziellen mit diesem Unternehmen befassen

Alle: Alle Nachrichten, die dieses Unternehmen betreffen. Z.B. auch Marktberichte die außerdem auch andere Unternehmen betreffen

vom Unternehmen: Nachrichten und Adhoc-Meldungen, die vom Unternehmen selbst veröffentlicht werden

Peer Group: Nachrichten von Unternehmen, die zur Peer Group gehören

Analysen zu Novartis AG

  • Alle
  • Buy
  • Hold
  • Sell
  • ?
05.10.2022Novartis Conviction Buy ListGoldman Sachs Group Inc.
26.09.2022Novartis NeutralUBS AG
23.09.2022Novartis SellDeutsche Bank AG
23.09.2022Novartis UnderweightBarclays Capital
23.09.2022Novartis UnderperformCredit Suisse Group
05.10.2022Novartis Conviction Buy ListGoldman Sachs Group Inc.
23.09.2022Novartis Conviction Buy ListGoldman Sachs Group Inc.
26.08.2022Novartis Conviction Buy ListGoldman Sachs Group Inc.
21.07.2022Novartis BuyJoh. Berenberg, Gossler & Co. KG (Berenberg Bank)
21.07.2022Novartis Conviction Buy ListGoldman Sachs Group Inc.
26.09.2022Novartis NeutralUBS AG
14.09.2022Novartis HoldJoh. Berenberg, Gossler & Co. KG (Berenberg Bank)
25.08.2022Novartis NeutralUBS AG
20.07.2022Novartis NeutralCredit Suisse Group
19.07.2022Novartis NeutralUBS AG
23.09.2022Novartis SellDeutsche Bank AG
23.09.2022Novartis UnderweightBarclays Capital
23.09.2022Novartis UnderperformCredit Suisse Group
21.09.2022Novartis UnderweightJP Morgan Chase & Co.
21.09.2022Novartis SellDeutsche Bank AG

Um die Übersicht zu verbessern, haben Sie die Möglichkeit, die Analysen für Novartis AG nach folgenden Kriterien zu filtern.

Alle: Alle Empfehlungen

Buy: Kaufempfehlungen wie z.B. "kaufen" oder "buy"

Hold: Halten-Empfehlungen wie z.B. "halten" oder "neutral"

Sell: Verkaufsempfehlungn wie z.B. "verkaufen" oder "reduce"
mehr Analysen

Heute ab 18 Uhr live: Tipps von Trading-Profi Markus Gabel für mehr Logik beim Investieren

Intuition kann an der Börse nicht schaden, aber für den langfristigen Erfolg ist eine rationale Strategie besser. Wie Sie diese entwickeln, erklärt Ihnen Börsenprofi Markus Gabel exklusiv im Online-Seminar.

Werbung
Werbung
Werbung
Neue Funktionen als Erstes nutzen
Sie nutzen finanzen.net regelmäßig? Dann nutzen Sie jetzt neue Funktionen als Erstes!
Hier informieren!
Werbung
Börse Stuttgart Anlegerclub
Werbung

Heute im Fokus

Nervosität bleibt: Dow stabil erwartet -- DAX gibt nach -- Gamesa-Übernahme durch Siemens Energy kommt ins Stocken -- XXXLutz greift nach Home24 -- Twitter, Lufthansa, BASF im Fokus

Amazon ordert E-Vierzigtonner von Volvo - Volvo-Aktie profitiert. Neue US-Regeln für Kraftstoffe könnten Elektroautohersteller antreiben. Volkswagen will offenbar China-Joint-Venture für Software gründen. ProSiebenSat.1-Tochter Flaconi ernennt Bastian Siebers zum CEO. Elektro-Postschiff in Berlin gestartet. Gas wird aus intakter Nord Stream-2-Leitung abgelassen. Bundesnetzagentur warnt: Gasverbrauch nimmt zu stark zu.

Umfrage

Glauben Sie, dass es in den kommenden sechs Monaten schwieriger wird, die eigenen Renditeerwartungen zu erzielen?

finanzen.net zero
finanzen.net zero

Oskar

ETF-Sparplan

Oskar ist der einfache und intelligente ETF-Sparplan. Er übernimmt die ETF-Auswahl, ist steuersmart, transparent und kostengünstig.
Zur klassischen Ansicht wechseln