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Countdown to Alcon (ALC) Q2 Earnings: Wall Street Forecasts for Key Metrics
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In its upcoming report, Alcon (ALC - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.74 per share, reflecting an increase of 7.3% compared to the same period last year. Revenues are forecasted to be $2.52 billion, representing a year-over-year increase of 4.8%.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
In light of this perspective, let's dive into the average estimates of certain Alcon metrics that are commonly tracked and forecasted by Wall Street analysts.
Based on the collective assessment of analysts, 'Net Sales- Total Surgical' should arrive at $1.43 billion. The estimate suggests a change of +3.8% year over year.
Analysts' assessment points toward 'Net Sales- Total Vision care' reaching $1.08 billion. The estimate suggests a change of +6.1% year over year.
The consensus among analysts is that 'Net Sales- Total Surgical- Consumables' will reach $747.78 million. The estimate suggests a change of +4.7% year over year.
The consensus estimate for 'Net Sales- Total Surgical- Equipment/other' stands at $230.63 million. The estimate indicates a change of -0.2% from the prior-year quarter.
Analysts forecast 'Net Sales- Total Vision Care- Contact lenses' to reach $642.70 million. The estimate points to a change of +8.2% from the year-ago quarter.
It is projected by analysts that the 'Net Sales- Total Vision Care- Ocular health' will reach $439.09 million. The estimate points to a change of +3.1% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Net Sales- Total Surgical- Implantables' of $456.57 million. The estimate indicates a year-over-year change of +4.5%.
Over the past month, shares of Alcon have returned +4% versus the Zacks S&P 500 composite's -2.9% change. Currently, ALC carries a Zacks Rank #2 (Buy), suggesting that it may outperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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Countdown to Alcon (ALC) Q2 Earnings: Wall Street Forecasts for Key Metrics
In its upcoming report, Alcon (ALC - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.74 per share, reflecting an increase of 7.3% compared to the same period last year. Revenues are forecasted to be $2.52 billion, representing a year-over-year increase of 4.8%.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
In light of this perspective, let's dive into the average estimates of certain Alcon metrics that are commonly tracked and forecasted by Wall Street analysts.
Based on the collective assessment of analysts, 'Net Sales- Total Surgical' should arrive at $1.43 billion. The estimate suggests a change of +3.8% year over year.
Analysts' assessment points toward 'Net Sales- Total Vision care' reaching $1.08 billion. The estimate suggests a change of +6.1% year over year.
The consensus among analysts is that 'Net Sales- Total Surgical- Consumables' will reach $747.78 million. The estimate suggests a change of +4.7% year over year.
The consensus estimate for 'Net Sales- Total Surgical- Equipment/other' stands at $230.63 million. The estimate indicates a change of -0.2% from the prior-year quarter.
Analysts forecast 'Net Sales- Total Vision Care- Contact lenses' to reach $642.70 million. The estimate points to a change of +8.2% from the year-ago quarter.
It is projected by analysts that the 'Net Sales- Total Vision Care- Ocular health' will reach $439.09 million. The estimate points to a change of +3.1% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Net Sales- Total Surgical- Implantables' of $456.57 million. The estimate indicates a year-over-year change of +4.5%.
View all Key Company Metrics for Alcon here>>>
Over the past month, shares of Alcon have returned +4% versus the Zacks S&P 500 composite's -2.9% change. Currently, ALC carries a Zacks Rank #2 (Buy), suggesting that it may outperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>