Envista Holdings Q2 2024 Adj. EPS $0.11 Misses $0.27 Estimate, Sales $633.100M Miss $646.921M Estimate
Portfolio Pulse from Benzinga Newsdesk
Envista Holdings (NYSE:NVST) reported Q2 2024 earnings of $0.11 per share, missing the analyst estimate of $0.27 by 59.26%. Sales were $633.1M, below the $646.921M estimate. This represents a 74.42% decrease in EPS and a 4.42% decrease in sales compared to the same period last year.
August 07, 2024 | 8:11 pm
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NEGATIVE IMPACT
Envista Holdings reported Q2 2024 earnings of $0.11 per share, significantly missing the analyst estimate of $0.27. Sales also fell short at $633.1M. This represents a substantial decrease in both EPS and sales compared to the same period last year.
The significant miss in both EPS and sales compared to analyst estimates and the previous year's performance is likely to negatively impact NVST's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100