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.
