Enovis Corp reports results for the quarter ended in December - Earnings Summary

Enovis

23/02/2024 03:02

* Enovis Corp  ENOV.N  reported quarterly adjusted earnings
of 79
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of 72
cents.  The mean expectation of ten analysts for the quarter was
for earnings of 74 cents per share. Wall Street expected
results to range from 71 cents to 79 cents per share.
    * Revenue rose 11.3% to $455.02 million from a year ago;
analysts
expected $445.36 million. 
    * Enovis Corp's reported EPS for the quarter was 5 cents​.
    * The company reported quarterly net income of $2.96
million.
    * Enovis Corp shares had risen by 7.6% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 4% in
the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the medical
equipment,
supplies & distribution peer group is also "buy"

Wall Street's median 12-month price target for Enovis Corp is
$75.00 
This summary was machine generated from LSEG data February 23 at
03:01 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.74           0.79           Beat
 Sep. 30 2023      0.54           0.56           Beat
 Jun. 30 2023      0.52           0.61           Beat
 Mar. 31 2023      0.37           0.44           Beat