ZimVie Inc reports results for the quarter ended March 31 - Earnings Summary

• ZimVie Inc ZIMV.OQ reported quarterly adjusted earnings of 27 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 8 cents. The mean expectation of four analysts for the quarter was for earnings of 21 cents per share.

• Revenue fell 5.2% to $112.00 million from a year ago; analysts expected $113.41 million.

• ZimVie Inc's reported EPS for the quarter was a loss of 5 cents​.

• The company reported a quarterly loss of $1.47 million.

• ZimVie Inc shares had fallen by 17.6% this quarter and lost 36.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 5.5% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 2 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the medical equipment, supplies & distribution peer group is also "hold"

• Wall Street's median 12-month price target for ZimVie Inc is $16.00

This summary was machine generated from LSEG data May 8 at 09:53 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)