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

Envista Holdings

02/05/2024 17:24

* Envista Holdings Corp  NVST.N  reported quarterly adjusted
earnings of 26 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of 38 cents.  The mean expectation of thirteen analysts for
the quarter was for earnings of 32 cents per share. Wall Street
expected results to range from 26 cents to 35 cents per share.
    * Revenue fell 0.6% to $623.60 million from a year ago;
analysts
expected $634.11 million. 
    * Envista Holdings Corp's reported EPS for the quarter was
14
cents​.
    * The company reported quarterly net income of $23.6
million.
    * Envista Holdings Corp shares had fallen by 7.6% this
quarter and
lost 17.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 15.5%
in the last three months.​ 
    * In the last 30 days, two 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 2 "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 $20.00 
This summary was machine generated from LSEG data May 2 at 04:23
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
 Mar. 31 2024      0.32           0.26           Missed
 Dec. 31 2023      0.34           0.29           Missed
 Sep. 30 2023      0.46           0.43           Missed
 Jun. 30 2023      0.41           0.43           Beat