Recap: Zimmer Biomet Holdings Q2 Earnings

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:

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.