Envista Holdings Corp reports results for the quarter ended in September 30 - Earnings Summary

Envista Holdings

31/10/2024 02:43

* Envista Holdings Corp  NVST.N  reported quarterly adjusted
earnings of 12 cents​​ per share for the quarter ended September
30, lower than the same quarter last year, when the company
reported EPS of 43 cents.  The mean expectation of
thirteen analysts for the quarter was for earnings of 9 cents
per share. Wall Street expected results to range from 5 cents
to 13 cents per share.
    * Revenue fell 4.8% to $601.00 million from a year ago;
analysts
expected $590.30 million. 
    * Envista Holdings Corp's reported EPS for the quarter was 5
cents​.
    * The company reported quarterly net income of $8.2 million.
    * Envista Holdings Corp shares had fallen by 4.9% this
quarter and
lost 21.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 68.8%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 9
"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 $20.00 
This summary was machine generated from LSEG data October 31 at
02:42 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
 Sep. 30 2024      0.09           0.12           Beat
 Jun. 30 2024      0.27           0.11           Missed
 Mar. 31 2024      0.32           0.26           Missed
 Dec. 31 2023      0.34           0.29           Missed