Henry Schein Inc. ($HSIC) Stock Forecast: Down 3.0% Today

What is Henry Schein Inc.?

Henry Schein (HSIC) operates in the healthcare sector, offering products and services to healthcare practitioners worldwide. The healthcare sector is currently experiencing positive market sentiment due to growing demand for healthcare services and products.

Why is Henry Schein Inc. going down?

HSIC stock is down 3.0% on Nov 5, 2024 15:41

• Despite surpassing earnings and revenue expectations for Q3, Henry Schein (HSIC) witnessed significant bearish movement in its stock.
• The market's negative response might be attributed to the company falling short of Wall Street's forecasted key metrics, prompting a sell-off.
• Investors may have anticipated stronger performance from HSIC, with the deviation from expectations potentially sparking the bearish trend.
• Factors such as profit-taking or broader market conditions detached from the company's operations could also have influenced the decline in HSIC's stock price.

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HSIC Technical Analysis

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Henry Schein ( HSIC ) Q3 Earnings Top Estimates

Henry Schein (HSIC) delivered earnings and revenue surprises of 5.17% and 2.05%, respectively, for the quarter ended September 2024. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2364035/henry-schein-hsic-q3-earnings-top-estimates

Unlocking Q3 Potential of Henry Schein ( HSIC ) : Exploring Wall Street Estimates for Key Metrics

Get a deeper insight into the potential performance of Henry Schein (HSIC) for the quarter ended September 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

https://www.zacks.com/stock/news/2361599/unlocking-q3-potential-of-henry-schein-hsic-exploring-wall-street-estimates-for-key-metrics

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Henry Schein Inc. Price History

10.08.2024 - HSIC Stock was down 2.9%

• A senior VP at Henry Schein recently sold a significant amount of shares in the company, signaling a lack of confidence in its future performance.
• Despite reporting positive earnings 30 days ago, the market may be reacting to uncertainties or concerns about the company's future growth prospects.
• The insider sell-off coupled with potential investor skepticism post-earnings report could be contributing to the bearish movement in Henry Schein's stock today.

05.10.2024 - HSIC Stock was down 3.0%

• Despite surpassing earnings and revenue expectations for Q3, Henry Schein (HSIC) witnessed significant bearish movement in its stock.
• The market's negative response might be attributed to the company falling short of Wall Street's forecasted key metrics, prompting a sell-off.
• Investors may have anticipated stronger performance from HSIC, with the deviation from expectations potentially sparking the bearish trend.
• Factors such as profit-taking or broader market conditions detached from the company's operations could also have influenced the decline in HSIC's stock price.

04.10.2024 - HSIC Stock was up 2.3%

• A notable uptrend was observed in HSIC's stock performance today, reflecting investor optimism regarding the company's anticipated Q3 results.
• Positive expectations surrounding Henry Schein surpassing earnings projections have bolstered investor sentiment and confidence, resulting in a notable upswing in the stock's value.
• The prospect of a robust earnings announcement and potential growth in key performance indicators has garnered investor interest, propelling the stock price upwards.
• In conclusion, the favorable anticipation surrounding Henry Schein's forthcoming earnings report has played a pivotal role in driving today's bullish trend in the stock.

27.01.2024 - HSIC Stock was down 2.6%

• HSIC stock experienced a strong bearish movement today due to:
• Missing earnings and revenue expectations in the fourth quarter of 2023, leading to investor disappointment.
• A decrease in operating margin, signaling potential challenges in profitability.
• Lower-than-expected Q4 profit and revenue, which may have raised concerns about the company's growth prospects.
• The market reacted negatively to these results, causing a significant drop in HSIC stock price as investors reassessed their outlook on the company's performance.

01.11.2023 - HSIC Stock was up 5.2%

• The bullish movement in HSIC's stock today can be attributed to a few factors:
• 1. Positive investor sentiment: The increase in HSIC's stock could be a result of positive sentiment among investors, possibly driven by the company's strong financial performance or positive news surrounding its products and services.
• 2. Increased stake by The Manufacturers Life Insurance Company: The news of The Manufacturers Life Insurance Company raising its stake in HSIC indicates confidence in the company's future prospects, which may have contributed to the bullish movement.
• 3. Overall market conditions: While the overall market has been relatively stable, the bullish movement in HSIC's stock could also be influenced by broader market trends or sector-specific factors impacting the healthcare industry.
• Overall, the bullish movement in HSIC's stock today suggests positive market sentiment and potential confidence in the company's future prospects.

28.01.2024 - HSIC Stock was down 8.0%

• HSIC stock faced strong bearish movement due to:
• Falling short of fourth-quarter sales expectations by 10.5% year-over-year, resulting in decreased internal sales.
• Releasing lower-than-expected earnings and revenues for the quarter, causing investor apprehension.
• Earnings and revenue surprises of -5.71% and 1.83%, respectively, highlighting a challenging quarter for the company.
• Analysts maintain positivity regarding the dental sector, anticipating a potential industry rebound, despite HSIC's performance. This outlook follows a recent cybersecurity incident that overshadowed the company's Q4 results.

23.01.2024 - HSIC Stock was up 5.4%

• The bullish movement in HSIC stock today is linked to the positive reception of the company's solutions presented at the 2024 Chicago Dental Society Midwinter Meeting.
• Investors are optimistic about growth opportunities for Henry Schein as they highlight digital equipment, technology solutions, and business services for dental practices.
• Anticipation for Henry Schein's upcoming Q4 earnings report is also driving positive sentiment, as investors seek insights into the company's performance during the quarter ended December 2023.

07.04.2024 - HSIC Stock was up 5.7%

• HSIC surpassed Q1 earnings estimates by 11.11% and revenue estimates by 1.76%, indicating strong financial performance.
• Total net sales for the quarter increased by 3.7% compared to the same period last year, showcasing growth in the company's revenue.
• The company reported solid earnings driven by gross margin expansion and a strong recovery from a previous cyber incident, highlighting operational improvements.
• The positive financial results and updated guidance suggest investor confidence in HSIC's future prospects, contributing to the bullish market movement.

17.06.2024 - HSIC Stock was up 6.4%

• A positive investor letter in the second quarter by Fiduciary Management Inc. (FMI) highlighted compelling growth prospects for HSIC.
• The outperformance of U.S. large-cap growth stocks was noted, potentially impacting HSIC's stock price positively.
• The mixed performance of global stock markets may have prompted investors to look for strong performers like HSIC, contributing to its bullish movement.
• The declining trend in U.S. small-cap stocks and stable international stocks may have further steered investor focus towards HSIC as a promising investment option.

06.07.2024 - HSIC Stock was down 5.7%

• Today, HSIC experienced a strong bearish movement in the market due to the following reasons:
• The company reported mixed Q2 earnings, with a decrease in adjusted EPS and missed revenue estimates, leading to investor disappointment.
• Henry Schein cut its full-year outlook, citing macroeconomic headwinds and the impact of a cyber incident, which raised concerns among investors about future growth prospects.
• Despite surpassing earnings estimates, the company's guidance for 2024 was slashed, indicating potential challenges ahead.
• The slower recovery from the cyberattack and the overall cautious outlook contributed to the negative sentiment surrounding HSIC, leading to the bearish market movement.

06.07.2024 - HSIC Stock was down 5.7%

• Despite surpassing profit expectations in the second quarter, Henry Schein Inc. (HSIC) witnessed a decline in the market.
• The market response may be attributed to concerns regarding the company's future forecast, despite the positive earnings.
• Investors may have anticipated stronger performance or growth opportunities, leading to the stock being offloaded.
• The general sentiment surrounding the healthcare sector or specific factors within the MedTech industry could have impacted the market's bearish movement on HSIC's stock.

06.07.2024 - HSIC Stock was down 5.3%

• The bearish movement in HSIC stock today can be attributed to the following factors:
• Meeting earnings per share (EPS) estimates but missing revenue expectations, suggesting potential challenges in revenue generation.
• Henry Schein's decision to reduce guidance and caution about a slower recovery from a cyberattack possibly raised concerns about its future growth prospects.
• Despite exceeding earnings estimates, the mixed Q2 earnings report may have caused uncertainty and caution among investors, leading to the bearish market movement.
• The lowered 2024 guidance and reduced profit compared to the previous year likely contributed to the negative sentiment surrounding HSIC stock today.