Earnings Preview: Envista (NVST) Q1 Earnings Expected to Decline

Core Viewpoint - The market anticipates a year-over-year decline in Envista's earnings due to lower revenues, with a focus on how actual results will compare to estimates [1][2]. Company Summary - Envista is expected to report quarterly earnings of $0.21 per share, reflecting a year-over-year decrease of 19.2% [3]. - Revenue for the quarter is projected to be $609.03 million, down 2.3% from the same quarter last year [3]. - The consensus EPS estimate has been revised 2.44% lower in the last 30 days, indicating a bearish sentiment among analysts [4][10]. Earnings Prediction Insights - The Zacks Earnings ESP model indicates that the Most Accurate Estimate for Envista is lower than the consensus estimate, resulting in an Earnings ESP of -1.21% [10][11]. - Envista currently holds a Zacks Rank of 3, making it challenging to predict an earnings beat conclusively [11]. Historical Performance - In the last reported quarter, Envista exceeded the consensus EPS estimate of $0.23 by delivering earnings of $0.24, resulting in a surprise of +4.35% [12]. - Over the past four quarters, Envista has beaten consensus EPS estimates two times [13]. Industry Context - InMode, a peer in the Zacks Medical - Products industry, is expected to report earnings of $0.33 per share, reflecting a year-over-year decline of 26.7% [17]. - InMode's revenue is anticipated to be $77.4 million, down 3.6% from the previous year [17]. - The consensus EPS estimate for InMode has been revised 2.3% higher in the last 30 days, but it has an Earnings ESP of 0.00% and a Zacks Rank of 4, indicating difficulty in predicting an earnings beat [18].