ZimVie Sees FY24 Adj. EPS $0.55-$0.70 Vs $0.10 Est.; Revenue $450M-$460M Vs $454.050M Est.
Portfolio Pulse from Benzinga Newsdesk
ZimVie forecasts its FY24 adjusted EPS to be between $0.55 and $0.70, surpassing the estimated $0.10. The company also projects its revenue to range from $450M to $460M, closely aligning with the estimated $454.050M.

May 08, 2024 | 9:50 pm
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POSITIVE IMPACT
ZimVie's FY24 earnings and revenue forecasts significantly exceed EPS estimates and closely match revenue expectations, indicating strong future performance.
ZimVie's forecasted adjusted EPS for FY24 significantly surpasses the analyst's estimate, suggesting a strong financial performance and potential for stock price appreciation. The revenue forecast, being in line with estimates, reinforces the company's stable growth outlook. This positive financial guidance is likely to instill investor confidence and could lead to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100