Enovis Posts Preliminary Results: Sees Q3 Revenues Of $414M-$418M (vs. Cons. $415.16M), Up 8% To 9%, Adjusted EBITDA Of $64M-$66M
Portfolio Pulse from Benzinga Newsdesk
Enovis has released its preliminary Q3 results, projecting revenues of $414M-$418M, which is in line with consensus estimates of $415.16M. This represents an 8% to 9% increase. The company also expects its adjusted EBITDA to be between $64M and $66M.
October 19, 2023 | 11:07 am
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POSITIVE IMPACT
Enovis' projected Q3 revenues align with consensus estimates, indicating steady performance. The 8% to 9% increase in revenues and expected EBITDA between $64M and $66M could positively impact the stock.
Enovis' projected revenues are in line with consensus estimates, which suggests that the company is performing as expected. The projected increase in revenues and EBITDA indicates potential growth, which could make the stock more attractive to investors, potentially driving up the price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100