Envista Holdings Q1 2024 Adj EPS $0.26 Misses $0.32 Estimate, Sales $623.600M Miss $634.108M Estimate
Portfolio Pulse from Benzinga Newsdesk
Envista Holdings (NYSE:NVST) reported Q1 2024 adjusted EPS of $0.26, missing the $0.32 estimate, and sales of $623.6M, below the $634.108M estimate. This represents a 31.58% decrease in EPS and a 0.57% decrease in sales from the same period last year.
May 01, 2024 | 8:20 pm
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Envista Holdings reported a significant miss in both EPS and sales for Q1 2024, with EPS at $0.26 against a $0.32 estimate and sales at $623.6M against a $634.108M estimate.
The miss in both EPS and sales estimates for Q1 2024 by Envista Holdings is likely to negatively impact investor sentiment in the short term. Missing analyst expectations on both fronts indicates potential operational or market challenges, which could lead to a decrease in stock price as investors adjust their expectations.
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