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DewDiligence

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DewDiligence

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Re: DewDiligence post# 73

Tuesday, 05/02/2023 11:14:15 AM

Tuesday, May 02, 2023 11:14:15 AM

Post# of 153
ZBH reports 1Q23 results—raises 2023 guidance:

https://investor.zimmerbiomet.com/~/media/Files/Z/ZimmerBiomet-IR/press-release/zimmer-biomet-press-release-q1-2023.pdf

Guidance for 2023 non-GAAP EPS is now $7.40-7.50 (raised from $6.95-7.15). Guidance for 2023 revenue growth is now 5-6% (raised from 1.5-3.5%).

An increase in elective procedures is driving the updated guidance.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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