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Wall Street's Insights Into Key Metrics Ahead of Envista (NVST) Q2 Earnings
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Analysts on Wall Street project that Envista (NVST - Free Report) will announce quarterly earnings of $0.27 per share in its forthcoming report, representing a decline of 37.2% year over year. Revenues are projected to reach $647.99 million, declining 2.2% from the same quarter last year.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 4.2% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
Given this perspective, it's time to examine the average forecasts of specific Envista metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts' assessment points toward 'Sales- Equipment & Consumables' reaching $233.54 million. The estimate indicates a year-over-year change of -4.8%.
The consensus among analysts is that 'Sales- Specialty Products & Technologies' will reach $414.62 million. The estimate indicates a year-over-year change of -0.6%.
Analysts expect 'Geographic Sales- North America' to come in at $337.91 million. The estimate indicates a change of -0.7% from the prior-year quarter.
According to the collective judgment of analysts, 'Geographic Sales- Western Europe' should come in at $146.09 million. The estimate indicates a year-over-year change of +0.8%.
The combined assessment of analysts suggests that 'Geographic Sales- Emerging markets' will likely reach $129.84 million. The estimate points to a change of -10.3% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Geographic Sales- Other developed markets' of $32.48 million. The estimate points to a change of +0.6% from the year-ago quarter.
Analysts predict that the 'Geographic Sales- Specialty Products & Technologies- North America' will reach $175.23 million. The estimate indicates a change of -1.7% from the prior-year quarter.
The average prediction of analysts places 'Geographic Sales- Equipment & Consumables- Emerging markets' at $30.80 million. The estimate indicates a change of -28.2% from the prior-year quarter.
Based on the collective assessment of analysts, 'Geographic Sales- Specialty Products & Technologies- Other developed markets' should arrive at $22.60 million. The estimate indicates a year-over-year change of +1.8%.
The consensus estimate for 'Geographic Sales- Specialty Products & Technologies- Emerging markets' stands at $99.04 million. The estimate points to a change of -2.8% from the year-ago quarter.
It is projected by analysts that the 'Geographic Sales- Equipment & Consumables- North America' will reach $162.68 million. The estimate suggests a change of +0.4% year over year.
Analysts forecast 'Geographic Sales- Equipment & Consumables- Western Europe' to reach $29.26 million. The estimate indicates a change of -3.4% from the prior-year quarter.
Over the past month, shares of Envista have returned -3.9% versus the Zacks S&P 500 composite's -6.7% change. Currently, NVST carries a Zacks Rank #5 (Strong Sell), suggesting that it may underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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Wall Street's Insights Into Key Metrics Ahead of Envista (NVST) Q2 Earnings
Analysts on Wall Street project that Envista (NVST - Free Report) will announce quarterly earnings of $0.27 per share in its forthcoming report, representing a decline of 37.2% year over year. Revenues are projected to reach $647.99 million, declining 2.2% from the same quarter last year.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 4.2% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
Given this perspective, it's time to examine the average forecasts of specific Envista metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts' assessment points toward 'Sales- Equipment & Consumables' reaching $233.54 million. The estimate indicates a year-over-year change of -4.8%.
The consensus among analysts is that 'Sales- Specialty Products & Technologies' will reach $414.62 million. The estimate indicates a year-over-year change of -0.6%.
Analysts expect 'Geographic Sales- North America' to come in at $337.91 million. The estimate indicates a change of -0.7% from the prior-year quarter.
According to the collective judgment of analysts, 'Geographic Sales- Western Europe' should come in at $146.09 million. The estimate indicates a year-over-year change of +0.8%.
The combined assessment of analysts suggests that 'Geographic Sales- Emerging markets' will likely reach $129.84 million. The estimate points to a change of -10.3% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Geographic Sales- Other developed markets' of $32.48 million. The estimate points to a change of +0.6% from the year-ago quarter.
Analysts predict that the 'Geographic Sales- Specialty Products & Technologies- North America' will reach $175.23 million. The estimate indicates a change of -1.7% from the prior-year quarter.
The average prediction of analysts places 'Geographic Sales- Equipment & Consumables- Emerging markets' at $30.80 million. The estimate indicates a change of -28.2% from the prior-year quarter.
Based on the collective assessment of analysts, 'Geographic Sales- Specialty Products & Technologies- Other developed markets' should arrive at $22.60 million. The estimate indicates a year-over-year change of +1.8%.
The consensus estimate for 'Geographic Sales- Specialty Products & Technologies- Emerging markets' stands at $99.04 million. The estimate points to a change of -2.8% from the year-ago quarter.
It is projected by analysts that the 'Geographic Sales- Equipment & Consumables- North America' will reach $162.68 million. The estimate suggests a change of +0.4% year over year.
Analysts forecast 'Geographic Sales- Equipment & Consumables- Western Europe' to reach $29.26 million. The estimate indicates a change of -3.4% from the prior-year quarter.
View all Key Company Metrics for Envista here>>>
Over the past month, shares of Envista have returned -3.9% versus the Zacks S&P 500 composite's -6.7% change. Currently, NVST carries a Zacks Rank #5 (Strong Sell), suggesting that it may underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>