ZimVie Narrows FY2024 Adj EPS Guidance from $0.55-0.70 to $0.57-0.62 vs $0.54 Est; Narrows FY2024 Sales Guidance from $450.00M-460.00M to $450.00M-455.00M vs $452.20M Est
Portfolio Pulse from Benzinga Newsdesk
ZimVie has adjusted its FY2024 guidance, narrowing its adjusted EPS range to $0.57-0.62, above the analyst estimate of $0.54. The sales guidance is also narrowed to $450.00M-455.00M, aligning closely with the $452.20M estimate.
October 30, 2024 | 8:26 pm
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ZimVie has revised its FY2024 guidance, with adjusted EPS now expected to be between $0.57 and $0.62, surpassing the analyst estimate of $0.54. The sales guidance is also narrowed to $450.00M-455.00M, which is in line with the $452.20M estimate.
The narrowing of the EPS guidance to a range above the analyst estimate suggests a positive outlook for ZimVie's profitability. The sales guidance aligns closely with estimates, indicating stable revenue expectations. This could lead to a positive short-term impact on the stock price.
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