Align Technology Shares Climb 15.5% with 10% Earnings Beat
Align Technology topped estimates by 10.03% last quarter and is forecast to earn $11.17 per share on $4.18 billion revenue. Shares have risen 15.5% this month and trade at a forward P/E of 16.92X and a P/CF of 22.86X, earning a Zacks Rank #2 Buy and VGM Score of B.
1. Earnings and Guidance
Align Technology delivered a 10.03% earnings surprise last quarter and analysts project EPS of $11.17 and revenue of $4.18 billion for the current fiscal year.
2. Valuation and Rankings
Shares have gained 15.5% in the past month and trade at a forward P/E of 16.92X and P/CF of 22.86X; the company holds a Zacks Rank #2 Buy and a VGM Score of B based on Value B, Growth B and Momentum C.
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