Stryker (NYSE:SYK) reported its Q1 earnings results on Thursday, April 28, 2022 at 04:05 PM.
Here's what investors need to know about the announcement.
Earnings
Stryker beat estimated earnings by 1.03%, reporting an EPS of $1.97 versus an estimate of $1.95.
Revenue was up $322.00 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.01 which was followed by a 1.25% increase in the share price the next day.
Here's a look at Stryker's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 2.72 | 2.28 | 2.12 | 1.99 |
| EPS Actual | 2.71 | 2.20 | 2.25 | 1.93 |
| Revenue Estimate | 4.65B | 4.24B | 4.13B | 3.95B |
| Revenue Actual | 4.70B | 4.16B | 4.29B | 3.95B |
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
Stryker management provided guidance for FY 2022, expecting earnings between $9.6 and $9.6 per share.
To track all earnings releases for Stryker visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
