Envista Holdings Corp reports results for the quarter ended in June - Earnings Summary

Envista Holdings

07/08/2024 23:19

* Envista Holdings Corp  NVST.N  reported quarterly adjusted
earnings of 11 cents​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of 43 cents.  The mean expectation of twelve analysts for
the quarter was for earnings of 27 cents per share. Wall Street
expected results to range from 15 cents to 35 cents per share.
    * Revenue fell 4.4% to $633.10 million from a year ago;
analysts
expected $646.92 million. 
    * Envista Holdings Corp's reported EPS for the quarter was a
loss
of $6.69​.
    * The company reported a quarterly loss of $1.15 billion.
    * Envista Holdings Corp shares had fallen by 5.2% this
quarter and
lost 34.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 11.2%
in the last three months.​ 
    * In the last 30 days, six analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 7
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the medical
equipment,
supplies & distribution peer group is also "hold"

Wall Street's median 12-month price target for Envista Holdings
Corp is $18.00 
This summary was machine generated from LSEG data August 7 at
10:19 p.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
 Jan. 1 0001       0.27           0.11           Missed
 Mar. 31 2024      0.32           0.26           Missed
 Dec. 31 2023      0.34           0.29           Missed
 Sep. 30 2023      0.46           0.43           Missed