ZimVie (NASDAQ:ZIMV – Get Free Report) updated its FY 2024 earnings guidance on Thursday. The company provided EPS guidance of 0.550-0.700 for the period, compared to the consensus EPS estimate of 0.590. The company issued revenue guidance of $450.0 million-$460.0 million, compared to the consensus revenue estimate of $453.9 million.
Analyst Ratings Changes
Separately, Needham & Company LLC increased their price objective on shares of ZimVie from $20.00 to $23.00 and gave the company a buy rating in a report on Friday.
Check Out Our Latest Research Report on ZIMV
ZimVie Price Performance
ZimVie (NASDAQ:ZIMV – Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.13 earnings per share (EPS) for the quarter. The business had revenue of $116.81 million for the quarter. ZimVie had a positive return on equity of 2.09% and a negative net margin of 63.84%. During the same quarter in the prior year, the business earned $0.17 earnings per share. Research analysts forecast that ZimVie will post 0.63 earnings per share for the current year.
About ZimVie
ZimVie Inc, together with its subsidiaries, develops, manufactures, and markets a portfolio of products and solutions designed to treat various spine pathologies, and support dental tooth replacement and restoration procedures worldwide. It operates through two segments, The Dental Segment and The Spine Segment.
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