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Investors are optimistic about Zimmer Biomet (ZBH), led by expansion in the knee business and recovery across the business.
Focused execution of Zimmer Biomet's (ZBH) global sales teams amid a stable global musculoskeletal market helps accelerate global sales.
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Strategic plans to drive the Knee business bode well for Zimmer Biomet (ZBH).
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Each of Zimmer Biomet's (ZBH) geographic segments records strong year-over-year sales growth on a reported basis, as well as at CER in the fourth quarter.
Although the revenue and EPS for Zimmer (ZBH) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Zimmer Biomet (ZBH) came out with quarterly earnings of $2.20 per share, beating the Zacks Consensus Estimate of $2.15 per share. This compares to earnings of $1.88 per share a year ago.
Zimmer Biomet Holdings Inc forecast 2024 profit above Wall Street expectations on Thursday, betting on resilient demand for its medical devices, and said it had initiated a restructuring program late last year to cut costs.