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

Zimvie

01/08/2024 22:37

* ZimVie Inc  ZIMV.OQ  reported quarterly adjusted earnings
of 13
cents​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of 17
cents.  The mean expectation of two analysts for the quarter was
for earnings of 17 cents per share. Wall Street expected
results to range from 16 cents to 19 cents per share.
    * Revenue fell 48.1% to $116.81 million from a year ago;
analysts
expected $114.60 million. 
    * ZimVie Inc's reported EPS for the quarter was a loss of 15
cents​.
    * ZimVie Inc shares had risen by 15.8% this quarter and
gained 19.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1,082.9% in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," no
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the medical
equipment,
supplies & distribution peer group is also "hold"

Wall Street's median 12-month price target for ZimVie Inc is
$20.00 
This summary was machine generated from LSEG data August 1 at
09:37 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
 Jun. 30 2024      0.17           0.13           Missed
 Mar. 31 2024      -0.04          0.08           Beat
 Dec. 31 2023      0.13           0.10           Missed
 Sep. 30 2023      -0.02          0.08           Beat