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

Zimvie

09/05/2024 21:58

* ZimVie Inc  ZIMV.OQ  reported quarterly adjusted earnings
of 8
cents​​ per share for the quarter ended in March, lower than the
same quarter last year, when the company reported EPS of 25
cents.  The mean expectation of two analysts for the quarter was
for a loss of 4 cents per share. Wall Street expected results to
range from -7 cents to -1 cents per share.
    * Revenue fell 47.6% to $118.20 million from a year ago;
analysts
expected $116.20 million. 
    * ZimVie Inc's reported EPS for the quarter was a loss of 29
cents​.
    * ZimVie Inc shares had fallen by 6.7% this quarter and
lost 13.4%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 119.5% 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 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
$16.00 
This summary was machine generated from LSEG data May 9 at 08:58
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
 Mar. 31 2024      -0.04          0.08           Beat
 Dec. 31 2023      0.13           0.10           Missed
 Sep. 30 2023      -0.02          0.08           Beat
 Jun. 30 2023      0.03           0.17           Beat