Recap: ZimVie Q4 Earnings
Portfolio Pulse from Benzinga Insights
ZimVie (NASDAQ:ZIMV) reported Q4 earnings with a -17.0% miss on estimated EPS, recording $0.1 versus an estimate of $0.12. Revenue decreased by $116.05 million from the same period last year. Despite beating EPS estimates in the previous quarter leading to an 11.0% share price increase, this quarter's performance marks a significant downturn.
February 28, 2024 | 9:45 pm
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ZimVie reported a significant miss in Q4 earnings with a -17.0% deviation from estimated EPS and a notable year-over-year revenue decline.
ZimVie's Q4 earnings miss and revenue decline are likely to negatively impact investor sentiment and stock price in the short term. Historically, the company's stock price increased by 11.0% following a positive earnings surprise last quarter, indicating that earnings reports significantly influence its stock price. The substantial miss this quarter, therefore, suggests a potential decrease in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100