For the quarter ended June 2023, Envista (NVST - Free Report) reported revenue of $662.4 million, up 2.6% over the same period last year. EPS came in at $0.43, compared to $0.48 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $650.61 million, representing a surprise of +1.81%. The company delivered an EPS surprise of +4.88%, with the consensus EPS estimate being $0.41.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Envista performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Geographic Sales- North America: $340.40 million versus the three-analyst average estimate of $352.63 million. The reported number represents a year-over-year change of +0.2%.
- Geographic Sales- Western Europe: $144.90 million versus $137.24 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +11.6% change.
- Geographic Sales- Specialty Products & Technologies- Western Europe: $114.60 million versus $107.54 million estimated by three analysts on average.
- Geographic Sales- Equipment & Consumables- Other developed markets: $10.10 million versus the three-analyst average estimate of $10.40 million.
- Geographic Sales- Other developed markets: $32.30 million compared to the $34.15 million average estimate based on three analysts. The reported number represents a change of -3% year over year.
- Geographic Sales- Specialty Products & Technologies- North America: $178.30 million compared to the $188.40 million average estimate based on three analysts.
- Geographic Sales- Specialty Products & Technologies- Other developed markets: $22.20 million versus $23.75 million estimated by three analysts on average.
- Geographic Sales- Specialty Products & Technologies- Emerging markets: $101.90 million compared to the $93.87 million average estimate based on three analysts.
- Geographic Sales- Equipment & Consumables- North America: $162.10 million versus $164.23 million estimated by three analysts on average.
- Geographic Sales- Equipment & Consumables- Western Europe: $30.30 million versus the three-analyst average estimate of $29.70 million.
- Sales- Equipment & Consumables: $245.40 million compared to the $235.26 million average estimate based on three analysts. The reported number represents a change of +3.1% year over year.
- Sales- Specialty Products & Technologies: $417 million versus the three-analyst average estimate of $413.55 million. The reported number represents a year-over-year change of +2.3%.
View all Key Company Metrics for Envista here>>>Shares of Envista have returned +0.4% over the past month versus the Zacks S&P 500 composite's +3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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For the quarter ended June 2023, Envista (NVST - Free Report) reported revenue of $662.4 million, up 2.6% over the same period last year. EPS came in at $0.43, compared to $0.48 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $650.61 million, representing a surprise of +1.81%. The company delivered an EPS surprise of +4.88%, with the consensus EPS estimate being $0.41.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Envista performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Geographic Sales- North America: $340.40 million versus the three-analyst average estimate of $352.63 million. The reported number represents a year-over-year change of +0.2%.
- Geographic Sales- Western Europe: $144.90 million versus $137.24 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +11.6% change.
- Geographic Sales- Specialty Products & Technologies- Western Europe: $114.60 million versus $107.54 million estimated by three analysts on average.
- Geographic Sales- Equipment & Consumables- Other developed markets: $10.10 million versus the three-analyst average estimate of $10.40 million.
- Geographic Sales- Other developed markets: $32.30 million compared to the $34.15 million average estimate based on three analysts. The reported number represents a change of -3% year over year.
- Geographic Sales- Specialty Products & Technologies- North America: $178.30 million compared to the $188.40 million average estimate based on three analysts.
- Geographic Sales- Specialty Products & Technologies- Other developed markets: $22.20 million versus $23.75 million estimated by three analysts on average.
- Geographic Sales- Specialty Products & Technologies- Emerging markets: $101.90 million compared to the $93.87 million average estimate based on three analysts.
- Geographic Sales- Equipment & Consumables- North America: $162.10 million versus $164.23 million estimated by three analysts on average.
- Geographic Sales- Equipment & Consumables- Western Europe: $30.30 million versus the three-analyst average estimate of $29.70 million.
- Sales- Equipment & Consumables: $245.40 million compared to the $235.26 million average estimate based on three analysts. The reported number represents a change of +3.1% year over year.
- Sales- Specialty Products & Technologies: $417 million versus the three-analyst average estimate of $413.55 million. The reported number represents a year-over-year change of +2.3%.
View all Key Company Metrics for Envista here>>>Shares of Envista have returned +0.4% over the past month versus the Zacks S&P 500 composite's +3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
Get the latest research report on NVST - FREE