Align Technology (ALGN) closed the last day of trading at $ 202.64, an increase of 1.16% over the previous trading session. The stock exceeded the 0.45% daily gain of the S & P 500. At the same time, the Dow gained 0.51% and the Nasdaq, a very technical index, 0.42%.

Today, Invisalign teeth smoothing system manufacturer shares lost 8.65% last month. At the same time, the medical sector lost 4.12%, while the S & P 500 lost 1.64%.

ALGN will look to post a vigor in the approach of its next earnings release, which is expected to take place on January 29, 2019. In this report, analysts expect ALGN to post a profit of 1.16 percent. USD per share. This would mark a drop of one year on the other by 2.52%. At the same time, Zacks' estimated consensus revenue forecasts net sales of $ 512.03 million, up 21.53% over the same period last year.

It is also important to note recent changes in analysts' estimates for ALGN. Recent revisions tend to reflect the latest short-term business trends. Thus, positive estimates revisions reflect analysts' optimism about the company's operations and profitability.

Based on our research, we believe that these revisions are directly related to stock movements near the teams. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes into account these estimation changes and provides a clear and usable scoring model.

The Zacks filing system ranges from # 1 (strong buy) to # 5 (strong sell). It has registered a remarkable, unaudited success, with the No. 1 stock offering an average annual return of + 25% since 1988. The Zacks Consensus EPS estimate has decreased by 0.56% since last month. ALGN currently holds the rank 3 of Zacks (pending).

In terms of valuation, ALGN is currently trading at a P / E ratio of 34.24. This represents a premium over the industry average average P / E of 18.79.

It should also be mentioned that ALGN has a PEG ratio of 1.45. This measure is used in the same way as the famous P / E ratio, but the PEG ratio also takes into account the expected growth rate of the security. The medical and dental supplies sector currently had an average PEG ratio of 2.03 at the close of yesterday.

The medical and dental supplies sector is part of the medical sector. This industry is currently ranked 107 in the Zacks category, ranking it in the top 42% of the 250+ industries.

The Zacks industry ranking includes companies ranked in descending order of the Zacks average ranking of companies in each of these sectors. Our research shows that the 50% of the top rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all these steps, and much more, on Zacks.com.

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Align Technology, Inc. (ALGN): Free Stock Analysis Report
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Align Technology, Inc. (ALGN): Free Stock Analysis Report

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