Henry Schein Inc. ($HSIC) Stock Forecast: Down 2.9% Today

What is Henry Schein Inc.?

Henry Schein (HSIC) is a well-known healthcare company that provides products and services to healthcare professionals globally. The stock has been experiencing a bearish movement in the market today.

Why is Henry Schein Inc. going down?

HSIC stock is down 2.9% on Sep 10, 2024 15:51

• 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.

HSIC Price Chart

HSIC News

Sell Alert: Lorelei McGlynn Cashes Out $1.46M In Henry Schein Stock - Henry Schein ( NASDAQ:HSIC )

On September 9, a recent SEC filing unveiled that Lorelei McGlynn, SVP at Henry Schein HSIC made an insider sell. What Happened: McGlynn's recent Form 4 filing with the U.S. Securities and Exchange Commission on Monday unveiled the sale of 21,035 shares of Henry Schein.

https://www.benzinga.com/insights/news/24/09/40796811/sell-alert-lorelei-mcglynn-cashes-out-1-46m-in-henry-schein-stock

Why Is Henry Schein ( HSIC ) Up 5.6% Since Last Earnings Report?

Henry Schein (HSIC) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

https://www.zacks.com/stock/news/2332250/why-is-henry-schein-hsic-up-56-since-last-earnings-report

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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.

13.10.2023 - HSIC Stock was up 1.7%

• HSIC stock had a strong bullish movement despite the company's revenue miss and lowered guidance.
• The market may have reacted positively to the fact that the company's earnings per share (EPS) were in line with expectations.
• Investors might be optimistic about the company's ability to navigate the challenging macro conditions mentioned in the news article.
• The bullish movement could also be influenced by factors unrelated to the news, such as overall market sentiment or investor speculation.

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.

02.10.2023 - HSIC Stock was down 5.3%

• The bearish movement in HSIC's stock today could be attributed to the following factors:
• 1. Earnings Expectations: an article from Zacks Commentary suggests that HSIC may not meet the market's expectations for its upcoming earnings report. This could have disappointed investors and led to a sell-off in the stock.
• 2. Dental Business Performance: an article from Zacks Commentary mentions that HSIC's third-quarter results are expected to reflect the strong fundamentals of its dental business. If the actual results did not meet these expectations, it could have contributed to the bearish movement.
• 3. Market Sentiment: Overall market sentiment and broader economic factors could also have played a role in the bearish movement of HSIC's stock. If investors were feeling cautious or uncertain about the market as a whole, it could have led to a sell-off in HSIC and other stocks.
• 4. Other Factors: It's important to note that there may be other factors at play that are not mentioned in the provided articles. Market volatility, industry trends, and company-specific news could also have influenced the bearish movement in HSIC's stock.

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.