Earnings Estimates Moving Higher for Envista (NVST): Time to Buy?

Core Viewpoint - Envista (NVST) shows a significant improvement in earnings outlook, making it an attractive investment option as analysts continue to raise earnings estimates for the company [1][2]. Earnings Estimate Revisions - The rising trend in earnings estimate revisions reflects growing analyst optimism regarding Envista's earnings prospects, which is expected to positively impact its stock price [2]. - For the current quarter, the earnings estimate is $0.27 per share, indicating a year-over-year increase of +125.0%. Over the last 30 days, five estimates have been revised upward, resulting in a 9.5% increase in the Zacks Consensus Estimate [5]. - For the full year, Envista is projected to earn $1.12 per share, representing a year-over-year change of +53.4%. Seven estimates have been raised in the past month, with no negative revisions, contributing to a favorable consensus [6]. Zacks Rank and Performance - Envista has achieved a Zacks Rank 1 (Strong Buy) due to the positive estimate revisions, which historically correlate with strong stock performance [7]. - Stocks with a Zacks Rank 1 and 2 (Buy) have shown significant outperformance compared to the S&P 500 [7]. Recent Stock Performance - Envista shares have increased by 5.5% over the past four weeks, indicating investor confidence in the company's earnings growth prospects [8].