Stryker Corp First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Stryker Corp (NYSE:SYK) will unveil its latest earnings on Tuesday, April 17, 2012. Stryker is a medical technology firm that produces a range of products in medical implants, surgical technologies and emergency medical equipment.

Stryker Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for net income of 99 cents per share, a rise of 10% from the company’s actual earnings for the year-ago quarter. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. For the year, analysts are projecting profit of $4.11 per share, a rise of 10.5% from last year.

Past Earnings Performance: The company fell in line with estimates last quarter after topping forecasts the quarter before. After coming in above the mean estimate by 2 cents in the third quarter of the last fiscal year, the company fell in line with expectations by reporting net income of $1.02 per share last quarter.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 5% in revenue from the year-earlier quarter to $2.12 billion.

Analyst Ratings: Analysts are high on the stock, with 17 analysts rating it as a buy, none rating it as a sell and eight rating it as a hold.

A Look Back: In the fourth quarter of the last fiscal year, profit rose 35.9% to $401 million ($1.04 a share) from $295 million (74 cents a share) the year earlier, meeting analyst expectations. Revenue rose 11% to $2.21 billion from $2 billion.

Key Stats:

With double-digit revenue growth the past four quarters, this earnings release is a chance to keep that positive trend going. The company has averaged year-over-year revenue growth of 13.6% over the last four quarters.

Last quarter’s earnings rise was a switch from preceding drops, so the upcoming earnings announcement is a chance to build on last quarter’s result. Net income fell in the first quarter of the last fiscal year, the second quarter of the last fiscal year and the third quarter of the last fiscal year before snapping that run with a profit increase in the fourth quarter of the last fiscal year.

Stock Price Performance: Between January 13, 2012 and April 11, 2012, the stock price rose $2.30 (4.5%), from $51.53 to $53.83. The stock price saw one of its best stretches over the last year between October 3, 2011 and October 13, 2011, when shares rose for nine straight days, increasing 10.6% (+$4.79) over that span. It saw one of its worst periods between December 9, 2011 and December 19, 2011 when shares fell for seven straight days, dropping 4.3% (-$2.05) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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