Envista(US:NVST) ZACKS·2024-10-23 15:07Core Viewpoint - The market anticipates a year-over-year decline in Envista's earnings due to lower revenues, with a focus on how actual results compare to estimates impacting stock price [1] Earnings Expectations - Envista is expected to report quarterly earnings of $0.09 per share, reflecting a year-over-year decrease of 79.1% [2] - Projected revenues for the quarter are $592.28 million, down 6.2% from the same quarter last year [2] Estimate Revisions - The consensus EPS estimate has been revised 3.77% higher in the last 30 days, indicating a reassessment by analysts [3] - The Most Accurate Estimate for Envista is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +2.86% [6] Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive Earnings ESP reading can indicate a likely earnings beat, particularly when combined with a strong Zacks Rank [4][5] - Envista currently holds a Zacks Rank of 4, which complicates the prediction of an earnings beat despite the positive Earnings ESP [6] Historical Performance - In the last reported quarter, Envista was expected to post earnings of $0.27 per share but only achieved $0.11, resulting in a surprise of -59.26% [7] - The company has not beaten consensus EPS estimates in any of the last four quarters [7] Conclusion - While an earnings beat could influence stock movement, other factors may also play a significant role in stock performance [8] - Envista does not appear to be a strong candidate for an earnings beat, suggesting investors should consider additional factors before making decisions [8]