ZimVie Q4 2023 Adj EPS $0.10 Misses $0.12 Estimate, Sales $113.07M Miss $213.45M Estimate
Portfolio Pulse from Benzinga Newsdesk
ZimVie (NASDAQ:ZIMV) reported Q4 2023 earnings of $0.10 per share, missing the $0.12 estimate, with sales of $113.07M also missing the $213.45M estimate, marking a 50.65% decrease from the same period last year.
February 28, 2024 | 9:41 pm
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NEGATIVE IMPACT
ZimVie reported lower than expected Q4 2023 earnings and sales, missing estimates and showing a significant year-over-year decline.
Missing both earnings and sales estimates significantly, especially with a substantial year-over-year sales decline, typically leads to negative investor sentiment and could result in a short-term decrease in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100