Earnings Outlook For Medtronic
Portfolio Pulse from Benzinga Insights
Medtronic (NYSE:MDT) is scheduled to release its quarterly earnings report on Tuesday, 2023-11-21, with analysts expecting an EPS of $1.18. Investors are looking for an earnings beat and positive guidance for future growth. Historically, Medtronic's stock price has shown mixed reactions to earnings reports. Last quarter, the company beat EPS estimates but saw a slight drop in share price. Over the past year, Medtronic's shares have decreased by 3.52%, indicating potential concern among long-term shareholders ahead of the earnings release.
November 20, 2023 | 6:00 pm
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Medtronic is expected to report an EPS of $1.18 in its upcoming earnings. Historical data shows that stock price reactions to earnings reports are mixed. Long-term shareholders may be concerned due to a 3.52% decline in share price over the past year.
The expected EPS is a key figure that investors watch closely, and a beat or miss can significantly impact the stock price. However, the historical mixed reactions to earnings reports and the overall negative performance over the past year suggest that the upcoming earnings may not have a strong positive or negative impact in the short term. The importance is high due to the earnings release being a significant event for the company, but the confidence is not at 100 because market reactions can be unpredictable.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100