Financial

Oppenheimer Weighs in on Zimmer Biomet Holdings’ FY2015 Earnings (ZBH)

By Faye Duncan

Oppenheimer boosted their FY2015 EPS estimates for shares of Zimmer Biomet Holdings (NYSE:ZBH) in a note issued to investors on Friday, according to Zacks. Oppenheimer analyst S. Lichtman now forecasts that the brokerage will post earnings per share of $6.83 for the year, up from their prior estimate of $6.71. The consensus estimate for Zimmer Biomet Holdings’ FY2015 earnings is $6.84 per share.

Zimmer Biomet Holdings (NYSE:ZBH) last released its earnings results on Thursday, October 29th. The company reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.56 by $0.08. The firm earned $1.76 billion during the quarter, compared to analyst estimates of $1.76 billion. The business’s revenue for the quarter was up 59.3% compared to the same quarter last year.

ZBH has been the subject of several other research reports. Brean Capital lowered shares of Zimmer Biomet Holdings to a “hold” rating in a report on Thursday, July 23rd. TheStreet lowered shares of Zimmer Biomet Holdings from a “buy” rating to a “hold” rating in a report on Friday, August 7th. Goldman Sachs initiated coverage on shares of Zimmer Biomet Holdings in a research note on Wednesday, July 8th.

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