What To Expect When Medtronic Reports Q1 Earnings Next Week
Portfolio Pulse from Vandana Singh
Medtronic Plc (NYSE:MDT) is set to report its Q1 FY24 earnings on 8/22/23. Analysts from Needham expect the company to beat consensus revenue and EPS due to strong elective procedure growth and conservative guidance from management. They also anticipate a raise in FY24 guidance. Medtronic's strategy includes mergers, acquisitions, and divestitures to boost its market growth rate. The company's shares are currently up 0.39% at $81.89.
August 17, 2023 | 4:36 pm
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Medtronic is expected to beat Q1 FY24 earnings estimates and raise its FY24 guidance. The company's shares are currently up 0.39% at $81.89.
The positive outlook from Needham analysts, who expect Medtronic to beat consensus revenue and EPS, and raise its FY24 guidance, is likely to boost investor confidence and potentially drive the stock price up in the short term.
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