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

Zimvie

02/11/2023 03:02

* ZimVie Inc  ZIMV.OQ  reported quarterly adjusted earnings
of 8
cents​​ per share for the quarter ended in September, lower than
the same quarter last year, when the company reported EPS of 49
cents.  The mean expectation of two analysts for the quarter was
for a loss of 2 cents per share. Wall Street expected results to
range from -3 cents to -1 cents per share.
    * Revenue fell 4.9% to $202.87 million from a year ago;
analysts
expected $198.50 million. 
    * ZimVie Inc's reported EPS for the quarter was a loss of 19
cents​.
    * The company reported a quarterly loss of $5.09 million.
    * ZimVie Inc shares had fallen by 25.0% this quarter and
lost 24.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 151.2% 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
$10.50 
This summary was machine generated from LSEG data November 2 at
03:02 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2022      0.21           0.16           Missed