Zimmer Biomet

Healthcare | Medical Appliances & Equipment | USA

Zimmer Biomet's (ZBH) Q1 Earnings, Revenues Beat Estimates

Zimmer Biomet Holdings, Inc. ZBH posted first-quarter 2019 adjusted earnings per share (EPS) of $1.87, ahead of the Zacks Consensus Estimate by a penny. However, the figure dipped 2.1% year over year.

On a reported basis, EPS came in at $1.20, a 41.2% improvement from the year-ago period.

Revenue Details

First-quarter net sales came in at $1.98 billion, a 2.1% decline (a 0.7% rise at constant exchange rate or CER) year over year. The figure beat the Zacks Consensus Estimate of $1.97 billion by a close margin.

During the quarter under review, sales generated in the Americas totaled $1.19 billion (down 0.9% year over year at CER), while the same in EMEA (Europe, the Middle East and Africa) grossed $464 million (up 1.5% year over year at CER). Asia-Pacific registered 5.6% growth at CER to $318 million.

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Zimmer Biomet (ZBH) Q4 Earnings Top Estimates, Margins Grow

Zimmer Biomet Holdings, Inc. ZBH posted fourth-quarter 2019 adjusted earnings per share (EPS) of $2.30, surpassing the Zacks Consensus Estimate by 1.8%. The figure also improved 5.5% year over year.

On a reported basis, EPS came in at $1.54 against the year-ago loss of $4.42 per share.

For the full year, adjusted earnings improved 3% to $7.87 from the 2018-level and also exceeded the Zacks Consensus Estimate by 0.5%.

Revenue Details

Fourth-quarter net sales of $2.13 billion increased 3% (up 3.9% at constant exchange rate or CER) year over year. The figure also exceeded the Zacks Consensus Estimate of $2.11 billion by 0.8%.

Full-year net sales of $7.98 billion increased 0.6% from the 2018 figure (up 2.2% at CER). This too topped the Zacks Consensus Estimate by 1%.


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https://finance.yahoo.com/news/zimmer-bi...04452.html

Zimmer Biomet (ZBH) Beats Q1 Earnings Estimates

Zimmer Biomet (ZBH) came out with quarterly earnings of $1.70 per share, beating the Zacks Consensus Estimate of $1.39 per share. This compares to earnings of $1.87 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 22.30%. A quarter ago, it was expected that this orthopedic device maker would post earnings of $2.26 per share when it actually produced earnings of $2.30, delivering a surprise of 1.77%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Zimmer, which belongs to the Zacks Medical - Products industry, posted revenues of $1.78 billion for the quarter ended March 2020, missing the Zacks Consensus Estimate by 0.34%. This compares to year-ago revenues of $1.98 billion.


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https://finance.yahoo.com/news/zimmer-bi...11804.html