Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Benzinga Insights

Medtronic: Q4 Earnings Insights

 

Medtronic (NYSE:MDT) reported its Q4 earnings results on Thursday, May 26, 2022 at 06:45 AM.

Here's what investors need to know about the announcement.

Earnings

Medtronic missed estimated earnings by 2.56%, reporting an EPS of $1.52 versus an estimate of $1.56.

Revenue was down $99.00 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.0 which was followed by a 0.67% drop in the share price the next day.

Here's a look at Medtronic's past performance:

 

Quarter Q3 2022 Q2 2022 Q1 2022 Q4 2021
EPS Estimate 1.37 1.29 1.32 1.42
EPS Actual 1.37 1.32 1.41 1.50
Revenue Estimate 7.90B 7.96B 7.86B 8.14B
Revenue Actual 7.76B 7.85B 7.99B 8.19B

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

Medtronic management provided guidance for FY 2023, expecting earnings between $5.53 and $5.65 per share.

To track all earnings releases for Medtronic visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.