Zimmer Biomet Holdings ZBH reported its Q2 earnings results on Tuesday, August 2, 2022 at 06:30 AM.
Here's what investors need to know about the announcement.
Earnings
Zimmer Biomet Holdings beat estimated earnings by 10.3%, reporting an EPS of $1.82 versus an estimate of $1.65.
Revenue was down $244.90 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.2 which was followed by a 4.67% increase in the share price the next day.
Here's a look at Zimmer Biomet Holdings's past performance:
Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
---|---|---|---|---|
EPS Estimate | 1.41 | 1.98 | 1.77 | 1.87 |
EPS Actual | 1.61 | 1.95 | 1.81 | 1.90 |
Revenue Estimate | 1.59B | 2.07B | 1.95B | 1.98B |
Revenue Actual | 1.66B | 2.04B | 1.92B | 2.03B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Zimmer Biomet Holdings management provided guidance for FY 2022, expecting earnings between $6.7 and $6.9 per share.
To track all earnings releases for Zimmer Biomet Holdings visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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