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

Envista Holdings

01/11/2023 22:48

* Envista Holdings Corp  NVST.N  reported quarterly adjusted
earnings of 43 cents​​ per share for the quarter ended in
September, lower than the same quarter last year, when the
company reported EPS of 47 cents.  The mean expectation of
ten analysts for the quarter was for earnings of 46 cents per
share. Wall Street expected results to range from 43 cents to 49
cents per share.
    * Revenue rose 0% to $631.30 million from a year ago;
analysts
expected $648.64 million. 
    * Envista Holdings Corp's reported EPS for the quarter was
12
cents​.
    * The company reported quarterly net income of $21.5
million.
    * Envista Holdings Corp shares had fallen by 16.5% this
quarter and lost 30.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.5%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "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 Envista Holdings
Corp is $41.00 
This summary was machine generated from LSEG data November 1 at
10:48 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.46           0.43           Missed
 Jun. 30 2023      0.41           0.43           Beat
 Mar. 31 2023      0.41           0.38           Missed
 Dec. 31 2022      0.49           0.52           Beat