Sirona Dental Systems Inc (SIRO) beat analysts expectation on higher revenues. Shares continue to trade at a good value as estimates continue to climb.

Company Description

Sirona makes dental products ranging such as basic instruments, dental chairs, and imaging systems. The company was founded over 130 years ago, has a market cap of $1.8 billion.

Tops Guidance

When the company reported its fourth-quarter results on Dec 4 it included a 4.2% increase in revenue, to $188 million. Net income came in at $26.7 million, up from a loss of $5.2 million.

This equates to earnings per share of 82 cents, easily above the Zacks Consensus Estimate of 49 cents. Sirona has beaten expectations for the past 3 quarters.

Estimates are Rolling in

Since the report the Zacks Consensus Estimate for next year is up 18 cents, to $2.10. Earnings last year came in at $2.06.

Forecasts for fiscal 2011 are up 24 cents, to $2.39. These levels equate to growth rates of 2% and 13%, respectively.

Good Value

Shares of SIRO are exchanging hands at just over 15 times forward earnings. The PEG ratio is about 1.0.

The Chart

Sirona’s earnings estimates have been volatile over the years, but the clear trend is higher. Take a look below.

A chart for Sirona Dental SystemsZacks Growth Trader serviceZacks Investment Research