Core Viewpoint - Enovis (ENOV) has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system is based on changes in earnings estimates, which are strongly correlated with near-term stock price movements [4][6]. - Rising earnings estimates for Enovis suggest an improvement in the company's underlying business, likely leading to increased stock prices as investors respond positively [5][8]. Zacks Rating System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a strong historical performance, particularly for Zacks Rank 1 stocks, which have averaged a +25% annual return since 1988 [7][9]. - Enovis's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, indicating a strong potential for market-beating returns in the near term [10]. Earnings Estimate Revisions for Enovis - For the fiscal year ending December 2024, Enovis is expected to earn $2.77 per share, reflecting a year-over-year increase of 15.4% [8]. - Over the past three months, the Zacks Consensus Estimate for Enovis has risen by 3.5%, indicating a positive trend in earnings expectations [8].

Shares of Enovis (ENOV) have gained 23.6% over the past four weeks to close the last trading session at $47.86, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $66.50 indicates a potential upside of 39%.The average comprises 10 short-term price targets ranging from a low of $50 to a high of $75, with a standard deviation of $8.58. While the lowest estimate indicates an increase ...

Core Viewpoint - Enovis (ENOV) reported quarterly earnings of $0.73 per share, exceeding the Zacks Consensus Estimate of $0.63 per share, and showing an increase from $0.56 per share a year ago, indicating a 15.87% earnings surprise [1] Financial Performance - Enovis posted revenues of $505.22 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 0.25%, and up from $417.52 million year-over-year [2] - The company has exceeded consensus EPS estimates three times over the last four quarters [2] Stock Performance and Outlook - Enovis shares have declined approximately 22.7% since the beginning of the year, contrasting with the S&P 500's gain of 21.2% [3] - The company's future stock performance will largely depend on management's commentary during the earnings call and the trends in earnings estimate revisions [3][4] Earnings Estimates - The current consensus EPS estimate for the upcoming quarter is $0.93 on revenues of $563.4 million, and for the current fiscal year, it is $2.70 on revenues of $2.11 billion [7] Industry Context - The Medical Info Systems industry, to which Enovis belongs, is currently ranked in the top 34% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]

enovis Enovis Announces Third Quarter 2024 Results • Continued commercial momentum with third-quarter sales growth of 21% on a reported basis and strong adjusted EBITDA margin expansion • Reconstructive sales grew 57% Y/Y on a reported basis and 9% on a Comparable basis • Reported third-quarter net loss from continuing operations of $0.61 per share, adjusted net income per diluted share of $0.73, up +30% Y/Y WILMINGTON, DE, November 6, 2024 (GLOBE NEWSWIRE)—Enovis™ Corporation (NYSE: ENOV), an innovation-dr ...

Continued commercial momentum with third-quarter sales growth of 21% on a reported basis and strong adjusted EBITDA margin expansionReconstructive sales grew 57% Y/Y on a reported basis and 9% on a Comparable basisReported third-quarter net loss from continuing operations of $0.61 per share, adjusted net income per diluted share of $0.73, up +30% Y/Y Wilmington, DE, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Enovis™ Corporation (NYSE: ENOV), an innovation-driven medical technology growth company, today announced it ...

JMP Securities initiated coverage on Enovis Corporation ENOV, a medical technology company focusing on orthopedics. The analyst adds that the company sells a broad portfolio of products, many of which were added via selective acquisitions (around 20 over the last 4.5 years). The analyst views M&A as a core competency. The company's product offerings span large joint reconstruction implants, extremity solutions, and various prevention and recovery franchises. These lines enable comprehensive care, addressing ...

WILMINGTON, DE, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Enovis™ (NYSE: ENOV), an innovationdriven medical technology growth company, is pleased to announce the appointment of Tim Czartoski to the position of President, U.S. Surgical and Global Product and Enabling Technologies. Mr. Czartoski has direct responsibility for the Company's U.S. Surgical business, including the global surgical product engine and enabling technologies. He reports to Louie Vogt, Group President of Enovis' Reconstructive (Recon) Business ...

Enovis Corporation (ENOV) has announced the release of its Scandinavian Total Ankle Replacement (STAR Ankle), featuring e+ Polyethylene. Recently approved by the FDA, the STAR Ankle with e+ Polyethylene marks a significant advancement in ankle replacement technology, making it the first mobile-bearing ankle system with this material in the United States. The inclusion of e+ Polyethylene, a vitamin E-blended material known for its oxidative resistance and enhanced mechanical properties, promises to elevate t ...

WILMINGTON, DE, Aug. 20, 2024 (GLOBE NEWSWIRE) -- Enovis™ (NYSE: ENOV), an innovationdriven medical technology growth company, announced today the expansion of its EMPOWR Revision Knee™ system to include EMPOWR™ Cones. The addition of the stackable tibial, femoral, and diaphyseal cones increases options for treating bone defects, creating a comprehensive portfolio to support complex revision needs. The FDA cleared use of the EMPOWR™ Cones with EMPOWR Revision Knee™ earlier this year. The EMPOWR Revision Kne ...

Wilmington, DE, Aug. 19, 2024 (GLOBE NEWSWIRE) -- Enovis™ Corporation (NYSE: ENOV), an innovation-driven medical technology company, proudly unveils its Scandinavian Total Ankle Replacement (STAR® Ankle), now with new e+™ Polyethylene. Recent U.S. Food and Drug Administration (FDA) approval makes STAR® Ankle the first and only mobile bearing ankle system with e+™ Polyethylene in the United States.1 The implant's new vitamin E-blended e+™ Polyethylene insert will offer improved durability, stability, and lon ...