Zimmer Biomet Holdings, Inc. · ZBH · Next earnings

Zimmer Biomet Holdings, Inc. reports Wednesday, Nov 4, 2026

ZBH reports before market open with consensus EPS at $1.89 and revenue at $2.04B. Last quarter: ZBH Beats on EPS and Revenue, Raises Guidance, But Stock Drops 10% on Revenue Guidance Hold

Reports Before market open45 days awayDate estimated Healthcare

What the street expects

Consensus for the coming report
Consensus EPS $1.89 Calendar consensus
Consensus revenue $2.04B Calendar consensus
Report date Nov 4, 2026 Wednesday, date estimated
Session Before market open 45 days away

Where ZBH left off: FY2026 Q1

Full report

ZBH Beats on EPS and Revenue, Raises Guidance, But Stock Drops 10% on Revenue Guidance Hold

EPS surprise +12.4% Reported $2.09 vs $1.86
Revenue surprise +0.8% Reported $2.09B vs $2.07B
Stock move -10.6% Event window
Subsequent drift -0.3% Up to 20 sessions

EPS guidance raised from $8.30-$8.45 to $8.40-$8.55. Free cash flow growth guidance raised from 8-10% to 9-11%. Organic revenue growth guidance held at 1-3%.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Ongoing go-to-market and sales-force changes may cause further disruption.
  • Pricing erosion of up to 100 basis points expected in 2026.
  • Tariff benefit in Q1 was a pull-forward; sustainability uncertain amid the 232 investigation.
  • Integration risk from Paragon 28, OrthoGrid, and Monogram acquisitions.
  • Macro headwinds in emerging markets, particularly China and the Middle East.

Questions analysts left open

  • Why revenue guidance was not raised despite a strong Q1 performance.
  • Details on sales-force transition metrics, including attrition rates and dedicated rep percentage.
  • Sustainability of the tariff benefit and potential impact of the 232 investigation.
  • Timing and market penetration expectations for the Monogram robotic platform launch.

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Recent ZBH quarters

All ZBH earnings
-10.6%FY2026 Q1

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q1

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.