ZimVie Inc reports results for the quarter ended in September 30 - Earnings Summary

Zimvie

31/10/2024 02:38

* ZimVie Inc  ZIMV.OQ  reported quarterly adjusted earnings
of 12
cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of 8 cents.  The mean expectation of two analysts for the
quarter was for earnings of 7 cents per share. Wall Street
expected results to range from 7 cents to 7 cents per share.
    * Revenue fell 49.1% to $103.22 million from a year ago;
analysts
expected $101.40 million. 
    * ZimVie Inc's reported EPS for the quarter was a loss of 8
cents​.
    * ZimVie Inc shares had fallen by 13.7% this quarter and
lost 22.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 44.5%
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 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
22.12 
This summary was machine generated from LSEG data October 31 at
02:37 a.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
 Sep. 30 2024      0.07           0.12           Beat
 Jun. 30 2024      0.17           0.13           Missed
 Mar. 31 2024      -0.04          0.08           Beat
 Dec. 31 2023      0.13           0.10           Missed