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Zimmer (ZBH) Reports Q3 Earnings: What Key Metrics Have to Say
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For the quarter ended September 2024, Zimmer Biomet (ZBH - Free Report) reported revenue of $1.82 billion, up 4% over the same period last year. EPS came in at $1.74, compared to $1.65 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.8 billion, representing a surprise of +1.12%. The company delivered an EPS surprise of -0.57%, with the consensus EPS estimate being $1.75.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Zimmer performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Sales- Knees- International: $319.70 million versus $310.12 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +9.1% change.
Net Sales- Hips- International: $227 million versus $227.91 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +1.9% change.
Net Sales- International: $771.90 million compared to the $751.89 million average estimate based on four analysts. The reported number represents a change of +6.9% year over year.
Net Sales- Hips- United States: $254.50 million versus $248.79 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +5% change.
Net Sales- United States: $1.05 billion versus $1.07 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +2% change.
Net Sales- Knees- United States: $425.40 million versus $428.57 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +2.9% change.
Net Sales- Knees: $745.10 million compared to the $737.94 million average estimate based on eight analysts. The reported number represents a change of +5.5% year over year.
Net Sales- Other: $143.40 million compared to the $153.80 million average estimate based on eight analysts. The reported number represents a change of -9.7% year over year.
Net Sales- S.E.T: $454.20 million versus the eight-analyst average estimate of $440.01 million. The reported number represents a year-over-year change of +7.3%.
Net Sales- Hips: $481.50 million compared to the $477.65 million average estimate based on eight analysts. The reported number represents a change of +3.5% year over year.
Shares of Zimmer have returned -3.2% over the past month versus the Zacks S&P 500 composite's +1.8% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Zimmer (ZBH) Reports Q3 Earnings: What Key Metrics Have to Say
For the quarter ended September 2024, Zimmer Biomet (ZBH - Free Report) reported revenue of $1.82 billion, up 4% over the same period last year. EPS came in at $1.74, compared to $1.65 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.8 billion, representing a surprise of +1.12%. The company delivered an EPS surprise of -0.57%, with the consensus EPS estimate being $1.75.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Zimmer performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Sales- Knees- International: $319.70 million versus $310.12 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +9.1% change.
- Net Sales- Hips- International: $227 million versus $227.91 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +1.9% change.
- Net Sales- International: $771.90 million compared to the $751.89 million average estimate based on four analysts. The reported number represents a change of +6.9% year over year.
- Net Sales- Hips- United States: $254.50 million versus $248.79 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +5% change.
- Net Sales- United States: $1.05 billion versus $1.07 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +2% change.
- Net Sales- Knees- United States: $425.40 million versus $428.57 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +2.9% change.
- Net Sales- Knees: $745.10 million compared to the $737.94 million average estimate based on eight analysts. The reported number represents a change of +5.5% year over year.
- Net Sales- Other: $143.40 million compared to the $153.80 million average estimate based on eight analysts. The reported number represents a change of -9.7% year over year.
- Net Sales- S.E.T: $454.20 million versus the eight-analyst average estimate of $440.01 million. The reported number represents a year-over-year change of +7.3%.
- Net Sales- Hips: $481.50 million compared to the $477.65 million average estimate based on eight analysts. The reported number represents a change of +3.5% year over year.
View all Key Company Metrics for Zimmer here>>>Shares of Zimmer have returned -3.2% over the past month versus the Zacks S&P 500 composite's +1.8% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.