How often does Zimmer Biomet move more than the options market prices?

5 of the last 8 reports moved at least as far as the implied move.

ZBHNYSEOrthopedic, Prosthetic & Surgical Appliances & Supplies

Zimmer Biomet Holdings, Inc. (ZBH) earnings date, market-implied expected move, and options open interest by expiry

109.93

+12.87 · +13.26%

post 110.15 +0.20%

Closed18:14 ET

Open100.00Volume3.0MMkt cap$18.5BP/E26.74EPS4.12Div yield0.99%

Day99.90 – 111.9585%52-wk78.70 – 102.60100%

ZBH

Zimmer Biomet Holdings, Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

No implied move.

Expected move

Inputs

Next report

Feb 9

before open · in 97 days

est.Q4 FY26

Calendar

Next report

Last report

+13.49%

vs ±7.2% implied · ×1.88

shaded = implied · ▲▼ = realized

Nov 4 '26 · confirmed

Implied vs realized

Largest filed tie

filed ties

13F top-10 QoQ

+0.06%

shares held · 10 largest managers

13F · Jun 30 '26128d lag

908 managers

Top fund weight

0.29%

ZBH weight · XLV

N-PORTJun 30 '26

10 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Zimmer Biomet (ZBH) is expected to report on Feb 9 before open (estimated date).

Implied vs realized

8 reports

5 of 8≥ implied

avg implied: ±6.0%
avg realized: ±7.6%

Oct 30 '24Oct 30 '24confirmed±6.7%▲+5.71%×0.85

Feb 6 '25Feb 6 '25confirmed±4.7%▼−5.14%×1.10

May 5 '25May 5 '25confirmed±5.1%▼−11.62%×2.29

Aug 7 '25Aug 7 '25confirmed±5.8%▲+7.99%×1.37

Q3 FY25Nov 5 '25confirmed±6.9%▼−15.15%×2.19

Feb 10 '26Feb 10 '26confirmed±5.8%▲+1.86%×0.32

Q1 FY26Apr 28 '26confirmed±6.2%▼−10.57%×1.71

Q2 FY26Aug 5 '26confirmed±7.0%▲+2.45%×0.35

quarterimplied−20%0+20%realized×

Q2 FY26±7.0%▲+2.45%×0.35

Q1 FY26±6.2%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 4 expiries · Nov 4 close

0.29OI · 4 expiries · Nov 4 closeP/C open interest · Mar 19 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

3,186+35%Nov 2016d1.671,906+78%1.67

704+10%Dec 1844d0.461,541+9%0.46

2,7530%Jan 1572d1.731,5890%1.73

report · Feb 9 · before open · est.

1660%Mar 19135d568+1%

ExpiryPutsCallsP/C

Nov 2016d3,186+35%1,906+78%1.67

Dec 1844d704+10%1,541+9%0.46

Jan 1572d2,7530%1,5890%1.73

report · Feb 9 · before open · est.

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

No implied move.

Linked exposure

Revenue flow

as filedQ3 FY26

9.29%as filednet margin · revenue −5.24% QoQ · +3.07% YoY

Revenue

$2.1B−5.24% QoQ

Gross profit

$1.5B−4.74% QoQ

71.18% margin

Operating income

$308M−5.67% QoQ

14.91% margin

Pre-tax income

$230M−9.80% QoQ

Net income

$192M−3.38% QoQ

9.29% margin

Cost of revenue

$595M−6.45% QoQ

Operating expenses

$1.2B−4.48% QoQ

SG&A $855M

R&D $106M

Other operating $20M

Other operating $180M

Other expense

$77M

Tax

$37M−32.97% QoQ

Revenue$2.1B−5.24%

Gross profit

$1.5B−4.74%

71.18% margin

Operating income

$308M−5.67%

14.91% margin

Pre-tax income

$230M−9.80%

Net income

$192M−3.38%

9.29% margin

Cost of revenue

$595M−6.45%

Operating expenses

$1.2B−4.48%

SG&A $855M

R&D $106M

Other operating $20M

Other expense

$77M

Tax$37M−32.97%

flow · deduction · signed % = QoQSource: SEC filings · standardized · QE Sep 30 '26 · width = $

Revenue flow

Intraday

15m bars

Hatch = extended hours · ▯ up · ▮ down · bars = volume, 15mSource: market data · 18:00 ET

Intraday

Event sensitivity

CPI ×1.53· ±1.8% vs ±1.2% · 11 releases

eventrelease day|move|up · n×base

CPIconsumer prices±1.8%6 of 11×1.53

Quarter	Reported	EPS	Consensus
Q3 FY26	—	1.00	—
Q2 FY26	Aug 5 '26 · confirmed	1.03	—
Q1 FY26	Apr 28 '26 · confirmed	1.22	—
Q3 FY25	Nov 5 '25 · confirmed	1.16	—

Zimmer Biomet Holdings, Inc. (ZBH) earnings date, market-implied expected move, and options open interest by expiry

Implied vs realized

Implied vs realized

Positioning

Positioning

Linked exposure

Linked exposure

Revenue flow

Revenue flow

Intraday

Intraday

Event sensitivity

Revenue flow

Implied vs realized

Event sensitivity

Earnings history

Methodology

Linked exposure

Positioning

Intraday

Zimmer Biomet Holdings, Inc. (ZBH) earnings date, market-implied expected move, and options open interest by expiry