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

• Envista Holdings Corp NVST.N reported quarterly adjusted earnings of 26 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 11 cents. The mean expectation of fourteen analysts for the quarter was for earnings of 23 cents per share. Wall Street expected results to range from 21 cents to 27 cents per share.

• Revenue rose 7.7% to $682.10 million from a year ago; analysts expected $640.19 million.

• Envista Holdings Corp's reported EPS for the quarter was 16 cents​.

• The company reported quarterly net income of $26.4 million.

• Envista Holdings Corp shares had risen by 2.1% this quarter and gained 3.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.9% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "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 "buy."

• Wall Street's median 12-month price target for Envista Holdings Corp is $20.00, about 5.5% above its last closing price of $18.89

This summary was machine generated from LSEG data July 31 at 09:01 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)