ZimVie Inc reports results for the quarter ended in December - Earnings Summary

Zimvie

29/02/2024 17:46

* ZimVie Inc  ZIMV.OQ  reported quarterly adjusted earnings
of 10
cents​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of 16
cents.  The mean expectation of two analysts for the quarter was
for earnings of 13 cents per share. Wall Street expected
results to range from 10 cents to 15 cents per share.
    * Revenue fell 50.4% to $113.07 million from a year ago;
analysts
expected $212.50 million. 
    * ZimVie Inc's reported EPS for the quarter was a loss of
$12.59​.
    * The company reported a quarterly loss of $334.85 million.
    * ZimVie Inc shares had risen by 10.4% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.8%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 1
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the medical
equipment,
supplies & distribution peer group is  "sell."

Wall Street's median 12-month price target for ZimVie Inc is
$13.00 
This summary was machine generated from LSEG data February 29 at
05:45 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.13           0.10           Missed
 Sep. 30 2023      -0.02          0.08           Beat
 Jun. 30 2023      0.03           0.17           Beat
 Mar. 31 2023      0.06           0.25           Beat