ZimVie Q3 2023 Adj EPS $0.08 Beats $(0.02) Estimate, Sales $202.87M Beat $198.50M Estimate
Portfolio Pulse from vinayak@benzinga.com
ZimVie (NASDAQ:ZIMV) reported Q3 2023 earnings of $0.08 per share, beating the analyst consensus estimate of $(0.02) by 500 percent. This is a decrease of 83.67 percent from the same period last year. The company also reported quarterly sales of $202.87 million, beating the analyst consensus estimate of $198.50 million by 2.20 percent, but a decrease of 5.45 percent from the same period last year.
November 01, 2023 | 8:42 pm
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NEUTRAL IMPACT
ZimVie's Q3 2023 earnings and sales beat analyst estimates, but both are down from the same period last year.
While ZimVie beat analyst estimates for Q3 2023 earnings and sales, the decrease from the same period last year may concern investors. This mixed result could lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100