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$Zimmer Biomet Holdings (ZBH.US)$Revenue has overall decline...

$Zimmer Biomet Holdings (ZBH.US)$Revenue has overall declined in the past 5 years, with little fluctuation in operating profit, while net income has been in deficit for two years. It reached a peak of 1.13 billion in 2019 and declined to 0.232 billion in 2022.
The income statement shows that restructuring and impairment expenses have been high in recent years.
In 2023 Q1, revenue grew by 10%, operating profit increased significantly by 52%, and net income reached 0.233 billion.
Currently, the PE ratio is 128.8 and the TTM PE ratio has dropped to 66.2. If the net income reaches 0.93 billion for the whole year, the corresponding PE ratio will be 32. It is advisable to observe several more quarters before making a decision.
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