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Alcon Inc (ALC)
NYSE:ALC
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Earnings Data
Report Date
Mar 03, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.69Last Year’s EPS
$0.68Same Quarter Last Year
Strong Buy
Based on 16 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 12, 2024
|% Change Since: -8.91%
|Next Earnings Date:Mar 03, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook for Alcon, with notable achievements in product innovation and strategic partnerships offset by challenges in the U.S. surgical market and competitive pressures. The company showed strong financial performance and promising growth in international markets, but faced headwinds in the U.S. that impacted guidance and margins.Company Guidance
During the Alcon Third Quarter 2024 Earnings Conference Call, the company's executives provided optimistic guidance, highlighting several key metrics and future expectations. Alcon reported third-quarter sales of $2.4 billion, marking a 6% growth. Core diluted earnings per share increased by 25% to $0.81, and the core operating margin stood at 20.6%. Year-to-date free cash flow reached a record $1.3 billion. The company revised its full-year revenue guidance to a range of $9.8 billion to $9.9 billion, with a constant currency sales growth rate of 6% to 7%. Alcon also anticipates its core operating margin for the full year to be between 20.5% and 21%, with core diluted earnings projected to be between $3 and $3.05 per share, reflecting a 15% to 17% growth over 2023. The guidance reflects anticipated market conditions, product launches, and strategic investments, particularly in the U.S. and international markets.Strong Sales Growth and Record Free Cash Flow
Alcon reported third quarter sales of $2.4 billion, representing a 6% growth. Core diluted earnings grew 25% to $0.81 per share, and the company generated a record $1.3 billion in free cash flow for the first nine months of the year.
Innovative Product Launches
Alcon announced the launch of Precision7, a new 1-week replacement contact lens, and Systane Pro preservative-free, a new formulation for dry eyes. Additionally, the company completed the migration of all intraocular lenses to the Clareon material.
Strategic Arrangement with OcuMension Therapeutics
Alcon finalized a strategic arrangement with OcuMension Therapeutics in China, receiving approximately 17% equity in the company and royalties on existing business.
Positive Market Dynamics
Global procedures in cataracts grew approximately 4%, and global AT-IOL penetration was up approximately 200 basis points year-over-year.
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ALC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ALC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $92.28 | $86.89 | -5.84% |
| Aug 20, 2024 | $96.50 | $94.62 | -1.95% |
| May 13, 2024 | $80.66 | $89.28 | +10.69% |
| Feb 27, 2024 | $80.91 | $85.41 | +5.56% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Alcon Inc (ALC) report earnings?
Alcon Inc (ALC) is schdueled to report earning on Mar 03, 2025, TBA Not Confirmed.
What is Alcon Inc (ALC) earnings time?
Alcon Inc (ALC) earnings time is at Mar 03, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ALC EPS forecast?
ALC EPS forecast for the fiscal quarter 2024 (Q4) is $0.69.
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