ZimVie Q1 2024 Adj EPS $0.08 Beats $(0.04) Estimate, Sales $118.195M Beat $116.200M Estimate
Portfolio Pulse from Benzinga Newsdesk
ZimVie (NASDAQ:ZIMV) reported Q1 2024 adjusted EPS of $0.08, surpassing the $(0.04) estimate, marking a 300% beat and a 700% increase from the previous year's $0.01 per share. Sales reached $118.195M, exceeding the $116.200M forecast by 1.72%, despite a 1.84% decrease from last year's $120.406M.
May 08, 2024 | 9:14 pm
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ZimVie reported a significant beat on both EPS and sales estimates for Q1 2024, with EPS at $0.08 against a $(0.04) estimate and sales of $118.195M against a $116.200M estimate.
ZimVie's earnings and sales beat are likely to positively impact investor sentiment in the short term. The substantial beat on EPS, turning from an expected loss to a profit, along with a sales beat, indicates strong operational performance and could lead to upward price movement due to increased investor confidence and potential analyst upgrades.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100