Subtext

Zimmer Biomet Holdings, Inc. ZBH

SectorHealth Care
Transcripts71
Date range2007-10-25 – 2025-05-05
Calls charted71

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-20-10+0+10+202007 Q32009 Q42012 Q12014 Q22016 Q32018 Q42021 Q12023 Q22007 Q3 · Overall: +1.62007 Q4 · Overall: +5.62008 Q1 · Overall: -1.92008 Q2 · Overall: -2.22008 Q3 · Overall: -1.12008 Q4 · Overall: -3.82009 Q1 · Overall: -0.32009 Q2 · Overall: +5.02009 Q3 · Overall: +8.02009 Q4 · Overall: +3.32010 Q1 · Overall: +10.32010 Q2 · Overall: +8.22010 Q3 · Overall: +4.82010 Q4 · Overall: +10.22011 Q1 · Overall: +10.22011 Q2 · Overall: +6.62011 Q3 · Overall: +8.52011 Q4 · Overall: +9.12012 Q1 · Overall: +11.42012 Q2 · Overall: +7.12012 Q3 · Overall: +6.72012 Q4 · Overall: +10.82013 Q1 · Overall: +11.22013 Q2 · Overall: +10.72013 Q3 · Overall: +13.82013 Q4 · Overall: +11.02014 Q1 · Overall: +17.82014 Q2 · Overall: +11.12014 Q3 · Overall: +11.32014 Q4 · Overall: +9.62015 Q1 · Overall: +7.62015 Q2 · Overall: +15.72015 Q3 · Overall: +8.92015 Q4 · Overall: +12.32016 Q1 · Overall: +15.12016 Q2 · Overall: +10.62016 Q3 · Overall: +10.02016 Q4 · Overall: +11.62017 Q1 · Overall: +10.42017 Q2 · Overall: +1.72017 Q3 · Overall: +4.92017 Q4 · Overall: +9.02018 Q1 · Overall: +4.52018 Q2 · Overall: +8.22018 Q3 · Overall: +8.22018 Q4 · Overall: +8.12019 Q1 · Overall: +10.92019 Q2 · Overall: +14.92019 Q3 · Overall: +11.62019 Q4 · Overall: +12.22020 Q1 · Overall: +1.22020 Q2 · Overall: +9.42020 Q3 · Overall: +9.62020 Q4 · Overall: +15.12021 Q1 · Overall: +15.02021 Q2 · Overall: +15.52021 Q3 · Overall: +4.22021 Q4 · Overall: -2.32022 Q1 · Overall: +5.42022 Q2 · Overall: +8.82022 Q3 · Overall: +9.32022 Q4 · Overall: +11.12023 Q1 · Overall: +14.02023 Q2 · Overall: +14.92023 Q3 · Overall: +14.02023 Q4 · Overall: +7.42024 Q1 · Overall: +11.92024 Q2 · Overall: +11.22024 Q3 · Overall: +5.82024 Q4 · Overall: +9.52025 Q1 · Overall: +5.9
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-35-17+0+17+352007 Q32009 Q42012 Q12014 Q22016 Q32018 Q42021 Q12023 Q22007 Q3 · CEO: +7.62007 Q4 · CEO: +15.62008 Q1 · CEO: +7.22008 Q2 · CEO: +8.02008 Q3 · CEO: +10.12008 Q4 · CEO: +4.72009 Q1 · CEO: +7.12009 Q2 · CEO: +11.92009 Q3 · CEO: +11.72009 Q4 · CEO: +12.52010 Q1 · CEO: +15.22010 Q2 · CEO: +17.82010 Q3 · CEO: +10.92010 Q4 · CEO: +25.42011 Q1 · CEO: +18.22011 Q2 · CEO: +16.32011 Q3 · CEO: +12.62011 Q4 · CEO: +20.72012 Q1 · CEO: +22.82012 Q2 · CEO: +14.92012 Q3 · CEO: +12.52012 Q4 · CEO: +18.62013 Q1 · CEO: +21.82013 Q2 · CEO: +20.42013 Q3 · CEO: +21.82013 Q4 · CEO: +20.62014 Q1 · CEO: +28.82014 Q2 · CEO: +21.12014 Q3 · CEO: +18.12014 Q4 · CEO: +16.62015 Q1 · CEO: +16.72015 Q2 · CEO: +30.02015 Q3 · CEO: +20.42015 Q4 · CEO: +18.22016 Q1 · CEO: +26.42016 Q2 · CEO: +16.72016 Q3 · CEO: +18.72016 Q4 · CEO: +15.82017 Q1 · CEO: +23.02017 Q2 · CEO: +4.52017 Q3 · CEO: +8.62017 Q4 · CEO: +11.22018 Q1 · CEO: +11.32018 Q2 · CEO: +17.32018 Q3 · CEO: +16.12018 Q4 · CEO: +17.42019 Q1 · CEO: +16.62019 Q4 · CEO: +21.12020 Q1 · CEO: +3.22020 Q2 · CEO: +11.82020 Q3 · CEO: +12.92020 Q4 · CEO: +19.12021 Q1 · CEO: +18.02021 Q2 · CEO: +18.22021 Q3 · CEO: +9.62021 Q4 · CEO: -6.22022 Q1 · CEO: +13.32022 Q2 · CEO: +13.72022 Q3 · CEO: +10.22022 Q4 · CEO: +13.02023 Q1 · CEO: +17.52023 Q2 · CEO: +24.22023 Q3 · CEO: +18.62023 Q4 · CEO: +12.32024 Q1 · CEO: +8.22024 Q2 · CEO: +15.92024 Q3 · CEO: +7.72024 Q4 · CEO: +9.72025 Q1 · CEO: +13.42007 Q3 · CFO: +3.52007 Q4 · CFO: +5.12008 Q1 · CFO: -1.32008 Q2 · CFO: +0.02008 Q3 · CFO: -6.72008 Q4 · CFO: -4.72009 Q1 · CFO: -0.52009 Q2 · CFO: +3.02009 Q3 · CFO: +9.02009 Q4 · CFO: +1.32010 Q2 · CFO: +5.72010 Q3 · CFO: +7.42010 Q4 · CFO: -2.62011 Q1 · CFO: +1.02011 Q2 · CFO: +1.92011 Q3 · CFO: +14.52011 Q4 · CFO: +0.72012 Q1 · CFO: +1.82012 Q2 · CFO: +3.42012 Q3 · CFO: +3.02012 Q4 · CFO: +10.62013 Q1 · CFO: +3.72013 Q2 · CFO: +1.72013 Q3 · CFO: +11.82013 Q4 · CFO: +5.22014 Q1 · CFO: +16.62014 Q2 · CFO: +8.92014 Q3 · CFO: +10.72014 Q4 · CFO: +8.12015 Q1 · CFO: +7.22015 Q2 · CFO: +12.22015 Q3 · CFO: +4.52015 Q4 · CFO: +15.02016 Q1 · CFO: +13.32016 Q2 · CFO: +0.72016 Q3 · CFO: +7.62016 Q4 · CFO: +14.42017 Q1 · CFO: +1.32017 Q2 · CFO: +12.12017 Q4 · CFO: +7.52018 Q1 · CFO: +4.92018 Q2 · CFO: +8.22018 Q3 · CFO: +5.62018 Q4 · CFO: +13.02023 Q2 · CFO: +16.82024 Q4 · CFO: +17.62025 Q1 · CFO: +3.0
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-36-18+0+18+362007 Q32009 Q42012 Q12014 Q22016 Q32018 Q42021 Q12023 Q22007 Q3 · Prepared remarks: -1.12007 Q4 · Prepared remarks: +10.12008 Q1 · Prepared remarks: +0.92008 Q2 · Prepared remarks: +1.32008 Q3 · Prepared remarks: +2.02008 Q4 · Prepared remarks: +0.52009 Q1 · Prepared remarks: +0.82009 Q2 · Prepared remarks: +7.02009 Q3 · Prepared remarks: +8.22009 Q4 · Prepared remarks: +6.52010 Q1 · Prepared remarks: +12.12010 Q2 · Prepared remarks: +7.12010 Q3 · Prepared remarks: +5.32010 Q4 · Prepared remarks: +11.32011 Q1 · Prepared remarks: +11.82011 Q2 · Prepared remarks: +9.62011 Q3 · Prepared remarks: +15.42011 Q4 · Prepared remarks: +11.02012 Q1 · Prepared remarks: +18.52012 Q2 · Prepared remarks: +15.32012 Q3 · Prepared remarks: +15.42012 Q4 · Prepared remarks: +14.82013 Q1 · Prepared remarks: +15.22013 Q2 · Prepared remarks: +13.02013 Q3 · Prepared remarks: +19.62013 Q4 · Prepared remarks: +19.12014 Q1 · Prepared remarks: +26.82014 Q2 · Prepared remarks: +16.82014 Q3 · Prepared remarks: +15.42014 Q4 · Prepared remarks: +13.82015 Q1 · Prepared remarks: +12.42015 Q2 · Prepared remarks: +14.12015 Q3 · Prepared remarks: +6.12015 Q4 · Prepared remarks: +16.42016 Q1 · Prepared remarks: +16.22016 Q2 · Prepared remarks: +11.52016 Q3 · Prepared remarks: +16.72016 Q4 · Prepared remarks: +11.52017 Q1 · Prepared remarks: +15.82017 Q2 · Prepared remarks: +9.32017 Q3 · Prepared remarks: +5.82017 Q4 · Prepared remarks: +16.62018 Q1 · Prepared remarks: +14.72018 Q2 · Prepared remarks: +23.12018 Q3 · Prepared remarks: +13.52018 Q4 · Prepared remarks: +17.22019 Q1 · Prepared remarks: +19.22019 Q2 · Prepared remarks: +23.02019 Q3 · Prepared remarks: +28.12019 Q4 · Prepared remarks: +31.42020 Q1 · Prepared remarks: +3.02020 Q2 · Prepared remarks: +13.02020 Q3 · Prepared remarks: +13.72020 Q4 · Prepared remarks: +17.92021 Q1 · Prepared remarks: +18.82021 Q2 · Prepared remarks: +21.12021 Q3 · Prepared remarks: +7.92021 Q4 · Prepared remarks: -5.82022 Q1 · Prepared remarks: +13.42022 Q2 · Prepared remarks: +12.32022 Q3 · Prepared remarks: +17.12022 Q4 · Prepared remarks: +15.82023 Q1 · Prepared remarks: +18.82023 Q2 · Prepared remarks: +15.02023 Q3 · Prepared remarks: +14.42023 Q4 · Prepared remarks: +7.52024 Q1 · Prepared remarks: +13.22024 Q2 · Prepared remarks: +11.42024 Q3 · Prepared remarks: +10.72024 Q4 · Prepared remarks: +14.42025 Q1 · Prepared remarks: +10.12007 Q3 · Q&A responses: +10.82007 Q4 · Q&A responses: +10.52008 Q1 · Q&A responses: +0.82008 Q2 · Q&A responses: +1.42008 Q3 · Q&A responses: +2.62008 Q4 · Q&A responses: +0.72009 Q1 · Q&A responses: +5.42009 Q2 · Q&A responses: +9.22009 Q3 · Q&A responses: +11.72009 Q4 · Q&A responses: +9.62010 Q1 · Q&A responses: +13.92010 Q2 · Q&A responses: +12.42010 Q3 · Q&A responses: +11.42010 Q4 · Q&A responses: +15.02011 Q1 · Q&A responses: +13.42011 Q2 · Q&A responses: +9.72011 Q3 · Q&A responses: +8.72011 Q4 · Q&A responses: +12.52012 Q1 · Q&A responses: +13.12012 Q2 · Q&A responses: +5.72012 Q3 · Q&A responses: +4.22012 Q4 · Q&A responses: +13.62013 Q1 · Q&A responses: +13.32013 Q2 · Q&A responses: +12.92013 Q3 · Q&A responses: +14.62013 Q4 · Q&A responses: +9.82014 Q1 · Q&A responses: +20.82014 Q2 · Q&A responses: +11.72014 Q3 · Q&A responses: +16.02014 Q4 · Q&A responses: +12.42015 Q1 · Q&A responses: +7.32015 Q2 · Q&A responses: +25.62015 Q3 · Q&A responses: +15.92015 Q4 · Q&A responses: +15.32016 Q1 · Q&A responses: +21.82016 Q3 · Q&A responses: +6.72016 Q4 · Q&A responses: +8.52017 Q1 · Q&A responses: +13.02017 Q2 · Q&A responses: +0.22017 Q3 · Q&A responses: +10.12017 Q4 · Q&A responses: +7.12018 Q1 · Q&A responses: +4.02018 Q2 · Q&A responses: +9.22018 Q3 · Q&A responses: +8.92018 Q4 · Q&A responses: +9.22019 Q1 · Q&A responses: +11.22019 Q2 · Q&A responses: +16.42019 Q3 · Q&A responses: +10.22019 Q4 · Q&A responses: +13.52020 Q1 · Q&A responses: +2.12020 Q2 · Q&A responses: +7.72020 Q3 · Q&A responses: +8.92020 Q4 · Q&A responses: +18.22021 Q1 · Q&A responses: +15.62021 Q2 · Q&A responses: +14.32021 Q3 · Q&A responses: +7.52021 Q4 · Q&A responses: +1.02022 Q1 · Q&A responses: +6.62022 Q2 · Q&A responses: +5.62022 Q3 · Q&A responses: +8.12022 Q4 · Q&A responses: +10.02023 Q1 · Q&A responses: +14.32024 Q3 · Q&A responses: +6.52024 Q4 · Q&A responses: +9.22025 Q1 · Q&A responses: +6.2
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$5.46$7.30$9.142007 Q32009 Q42012 Q12014 Q22016 Q32018 Q42021 Q12023 Q22014 Q1: $6.362014 Q2: $6.352014 Q3: $6.342014 Q4: $6.412015 Q1: $6.382015 Q2: $6.552015 Q3: $7.532015 Q4: $7.802016 Q1: $8.072016 Q2: $8.372016 Q3: $8.592016 Q4: $8.682017 Q1: $8.772017 Q2: $8.892017 Q3: $8.642017 Q4: $8.222018 Q1: $7.952018 Q2: $7.872018 Q3: $7.882018 Q4: $7.832019 Q1: $7.932019 Q2: $8.042019 Q3: $8.182019 Q4: $8.282020 Q1: $8.392020 Q2: $5.712020 Q3: $7.062020 Q4: $7.992021 Q1: $7.962021 Q2: $8.312021 Q3: $8.452021 Q4: $8.022022 Q1: $6.722022 Q2: $6.932022 Q3: $7.062022 Q4: $6.952023 Q1: $7.192023 Q2: $7.702023 Q3: $7.912023 Q4: $7.952024 Q1: $8.212024 Q2: $8.392024 Q3: $8.47

Forward P/E

8.5916.0123.432007 Q32009 Q42012 Q12014 Q22016 Q32018 Q42021 Q12023 Q22014 Q1: 14.912014 Q2: 16.702014 Q3: 16.392014 Q4: 17.462015 Q1: 18.682015 Q2: 17.182015 Q3: 13.382015 Q4: 13.072016 Q1: 12.912016 Q2: 13.922016 Q3: 14.362016 Q4: 12.082017 Q1: 13.642017 Q2: 14.132017 Q3: 13.412017 Q4: 13.812018 Q1: 14.632018 Q2: 14.492018 Q3: 16.482018 Q4: 13.352019 Q1: 15.532019 Q2: 14.842019 Q3: 17.042019 Q4: 17.982020 Q1: 9.612020 Q2: 22.412020 Q3: 20.662020 Q4: 18.632021 Q1: 20.162021 Q2: 19.012021 Q3: 17.272021 Q4: 15.052022 Q1: 18.152022 Q2: 15.422022 Q3: 16.492022 Q4: 18.452023 Q1: 17.432023 Q2: 18.452023 Q3: 15.262023 Q4: 14.832024 Q1: 15.422024 Q2: 12.722024 Q3: 12.55

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2015 Q3 tone ↓ -6.8 fwd EPS ↑ +0.98 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q2 tone ↓ -4.5 fwd EPS ↑ +0.29 Tone cooled even as the forward EPS estimate rose.
  • 2017 Q2 tone ↓ -8.7 fwd EPS ↑ +0.12 Tone cooled even as the forward EPS estimate rose.
  • 2017 Q3 tone ↑ +3.3 fwd EPS ↓ -0.25 Tone rose while the forward EPS estimate was cut.
  • 2017 Q4 tone ↑ +4.1 fwd EPS ↓ -0.42 Tone rose while the forward EPS estimate was cut.
  • 2018 Q2 tone ↑ +3.7 fwd EPS ↓ -0.08 Tone rose while the forward EPS estimate was cut.
  • 2019 Q3 tone ↓ -3.3 fwd EPS ↑ +0.13 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q1 tone ↓ -11.0 fwd EPS ↑ +0.11 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q2 tone ↑ +8.2 fwd EPS ↓ -2.67 Tone rose while the forward EPS estimate was cut.
  • 2021 Q3 tone ↓ -11.3 fwd EPS ↑ +0.14 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q1 tone ↑ +7.7 fwd EPS ↓ -1.30 Tone rose while the forward EPS estimate was cut.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-05-05+5.9——View →
2024 Q42025-02-06+9.5——View →
2024 Q32024-10-30+5.8$8.4712.6View →
2024 Q22024-08-07+11.2$8.3912.7View →
2024 Q12024-05-02+11.9$8.2115.4View →
2023 Q42024-02-08+7.4$7.9514.8View →
2023 Q32023-11-07+14.0$7.9115.3View →
2023 Q22023-08-01+14.9$7.7018.4View →