Equities Analysts Set Expectations for SmileDirectClub, Inc.’s Q4 2022 Earnings (NASDAQ:SDC)

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SmileDirectClub, Inc. (NASDAQ:SDCGet Rating) – Analysts at William Blair boosted their Q4 2022 EPS estimates for SmileDirectClub in a note issued to investors on Wednesday, January 18th. William Blair analyst D. Carden now anticipates that the company will post earnings per share of ($0.20) for the quarter, up from their previous forecast of ($0.23). William Blair currently has a “Market Perform” rating on the stock. The consensus estimate for SmileDirectClub’s current full-year earnings is ($0.73) per share. William Blair also issued estimates for SmileDirectClub’s Q1 2023 earnings at ($0.13) EPS, Q2 2023 earnings at ($0.12) EPS, Q3 2023 earnings at ($0.11) EPS, Q4 2023 earnings at ($0.09) EPS and FY2023 earnings at ($0.45) EPS.

Separately, Loop Capital upgraded SmileDirectClub from a “sell” rating to a “hold” rating in a research report on Tuesday, November 8th. Five analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $1.54.

SmileDirectClub Trading Down 7.3 %

Shares of SDC stock opened at $0.52 on Friday. The company has a market capitalization of $202.80 million, a price-to-earnings ratio of -0.66 and a beta of 1.98. SmileDirectClub has a 1-year low of $0.31 and a 1-year high of $3.10. The stock’s fifty day simple moving average is $0.52 and its 200-day simple moving average is $0.89.

SmileDirectClub (NASDAQ:SDCGet Rating) last posted its quarterly earnings data on Monday, November 7th. The company reported ($0.18) earnings per share for the quarter, topping the consensus estimate of ($0.22) by $0.04. The firm had revenue of $106.77 million for the quarter, compared to analysts’ expectations of $99.48 million.

Institutional Trading of SmileDirectClub

Institutional investors have recently bought and sold shares of the company. Clarkston Capital Partners LLC raised its stake in shares of SmileDirectClub by 13.0% during the 3rd quarter. Clarkston Capital Partners LLC now owns 347,016 shares of the company’s stock worth $314,000 after purchasing an additional 39,900 shares in the last quarter. Twinbeech Capital LP bought a new stake in SmileDirectClub in the third quarter worth approximately $55,000. Vanguard Group Inc. increased its stake in shares of SmileDirectClub by 9.1% during the 3rd quarter. Vanguard Group Inc. now owns 9,729,553 shares of the company’s stock worth $8,809,000 after purchasing an additional 809,605 shares during the last quarter. Renaissance Technologies LLC bought a new position in shares of SmileDirectClub during the 3rd quarter valued at $31,000. Finally, Telemus Capital LLC lifted its stake in shares of SmileDirectClub by 47.9% in the 3rd quarter. Telemus Capital LLC now owns 123,514 shares of the company’s stock valued at $112,000 after purchasing an additional 40,000 shares during the last quarter. Institutional investors and hedge funds own 7.02% of the company’s stock.

About SmileDirectClub

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SmileDirectClub, Inc, an oral care company, offers clear aligner therapy treatment. The company manages the end-to-end process, which include marketing, aligner manufacturing, fulfillment, treatment by a doctor, and monitoring through completion of their treatment with a network of approximately 250 licensed orthodontists and general dentists through its teledentistry platform, SmileCheck in the United States, Puerto Rico, Canada, Australia, the United Kingdom, New Zealand, Ireland, Hong Kong, Germany, Singapore, France, Spain, and Austria.

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Earnings History and Estimates for SmileDirectClub (NASDAQ:SDC)

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