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Earnings To Watch: Envista (NVST) Reports Q2 Results Tomorrow

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Dental products company Envista Holdings (NYSE:NVST) will be reporting results this Thursday after the bell. Here’s what to look for.

Envista beat analysts’ revenue expectations by 1.4% last quarter, reporting revenues of $616.9 million, down 1.1% year on year. It was a strong quarter for the company, with a solid beat of analysts’ EPS estimates and an impressive beat of analysts’ full-year EPS guidance estimates.

Is Envista a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Envista’s revenue to be flat year on year at $637.7 million, improving from the 4.4% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.23 per share.

Envista Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Envista has missed Wall Street’s revenue estimates three times over the last two years.

Looking at Envista’s peers in the healthcare equipment and supplies segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Penumbra delivered year-on-year revenue growth of 13.4%, beating analysts’ expectations by 3.7%, and Boston Scientific reported revenues up 22.8%, topping estimates by 3.4%. Boston Scientific traded up 2.9% following the results.

Read our full analysis of Penumbra’s results here and Boston Scientific’s results here.

Investors in the healthcare equipment and supplies segment have had fairly steady hands going into earnings, with share prices down 1.8% on average over the last month. Envista is up 6.1% during the same time and is heading into earnings with an average analyst price target of $19.63 (compared to the current share price of $20.74).

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