ZIMV Earnings Prediction
The chart below shows how ZIMV performed 10 days before and after its earnings report, based on data from the past quarters. Typically, ZIMV sees a +6.81% change in stock price 10 days leading up to the earnings, and a +4.64% change 10 days following the report. On the earnings day itself, the stock moves by -3.43%. This data can give you a slight idea of what to expect for the next quarter's release.
ZIMV Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
103.22M
-49.12%
-11.63%
Gross Margin
59.45%
3.07%
3.19%
Operating Margin
-2.78%
-52.23%
94.41%
Net Margin
-2.95%
17.53%
-63.94%
EPS
-0.08
-57.89%
-46.67%
No Data Available
ZIMV Earnings Analysis
ZimVie Inc. Common Stock Corporation (ZIMV.O) Earnings Conference Call
Positive
Q3 Revenue Performance: 1. Strong Revenue Performance: ZimVie reported third-party net sales of $103.2 million for Q3 2024, with U.S. sales growing by 1.6% when excluding the impact of oral scanner sales.
Gross Margin Improvement: 2. Improved Gross Margin: The adjusted cost of products sold decreased by 60 basis points sequentially from the second quarter of 2024, contributing to a 12.7% adjusted EBITDA margin, up from 11.6% in the prior year period.
Debt Management Strategy: 3. Debt Reduction: The company paid down $15 million in debt during the quarter, resulting in a net debt balance of approximately $153 million, which reflects a strong commitment to improving its financial position.
Digital Portfolio Expansion: 4. Digital Portfolio Growth: The complete digital portfolio, excluding iTero scanner sales, grew over 10% in Q3 2024, with the RealGUIDE software experiencing over 30% growth year-over-year.
Future Growth Confidence: 5. Positive Outlook for Future Growth: ZimVie narrowed its full-year revenue guidance to $450 million to $455 million, indicating confidence in continued growth and recovery in the North American market.
Negative
Third-Party Net Sales Decline: Total third-party net sales for Q3 2024 were $103.2 million, a decrease of 2% in reported rates and a decline of 2.2% in constant currency versus the prior year period.
International Sales Decline: Outside of the U.S., third-party net sales of $37.9 million decreased 6% on a reported basis and 6.6% in constant currency, primarily driven by the timing of orders in Japan and Italy and a slower market in Spain.
Rising R&D Expenses: Adjusted research and development expense increased to $6.6 million or 6.4% of sales compared to $5.3 million or 5% of sales in the prior year, indicating rising costs without corresponding revenue growth.
Revenue Guidance Adjustment: Full year revenue guidance was narrowed to $450 million to $455 million from a previous range of $450 million to $460 million, reflecting a lack of confidence in achieving higher sales.
Share-Based Compensation Expense: The company expects share-based compensation expense to be approximately $6.3 million for the full year 2024, indicating ongoing financial strain.
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ZIMV Earning Call Sentiment
ZimVie Inc. (ZIMV) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
ZIMV.O
-1.26%Positive
The earnings call summary presents mixed signals. Financial performance shows slight revenue decline but improved profitability, with optimistic guidance for North America. However, competitive pressures and supply chain issues persist, and management's unclear responses in the Q&A raise concerns. The reaffirmation of revenue guidance and debt repayment are positives, but the narrowed guidance suggests caution. Overall, the sentiment is neutral due to balanced positive and negative factors.