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

Zimvie

02/08/2023 22:39

* ZimVie Inc  ZIMV.OQ  reported quarterly adjusted earnings
of 17
cents​​ per share for the quarter ended in June. The mean
expectation of two analysts for the quarter was for earnings of
3 cents per share.
    * Revenue fell 4.1% to $224.90 million from a year ago;
analysts
expected $211.00 million. 
    * ZimVie Inc's reported EPS for the quarter was a loss of 89
cents​.
    * The mean earnings estimate of analysts had fallen by
about 66.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * ZimVie Inc shares had risen by 25.5% this quarter and
gained 50.9% so far this year.
    * The company reported a quarterly loss of $23.37 million.
    * Wall Street's median 12-month price target for ZimVie Inc
is
$7.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 2 at 09:39 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.03           0.17           Beat
 Mar. 31 2023      0.06           0.25           Beat
 Dec. 31 2022      0.21           0.16           Missed
 Sep. 30 2022      0.27           0.49           Beat