Envista NVST shares soared 5.2% in the last trading session to close at $28.37. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 2.3% gain over the past four weeks.
Envista scored a strong price increase on investors’ optimism surrounding the company’s impending second quarter 2026 financial results, which is set to release on Aug. 5. Per the Zacks Consensus Estimate, the company’s quarterly revenues are expected to increase 4.8% year over year. Earnings per share is pegged at 33 cents for the second quarter, indicating 26.9% year over year improvement.
This maker of dental products is expected to post quarterly earnings of $0.33 per share in its upcoming report, which represents a year-over-year change of +26.9%. Revenues are expected to be $715.01 million, up 4.8% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Envista, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on NVST going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Envista belongs to the Zacks Medical - Products industry. Another stock from the same industry, AdaptHealth Corp. AHCO, closed the last trading session 3.8% lower at $10.79. Over the past month, AHCO has returned 7.7%.
For AdaptHealth, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.03. This represents a change of +200% from what the company reported a year ago. AdaptHealth currently has a Zacks Rank of #3 (Hold).
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This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
