Stryker Earnings: Here’s Why Investors are Ambivalent Now

Stryker Corp. (NYSE:SYK) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0%.

Stryker Corp. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 2.04% to $1.00 in the quarter versus EPS of $0.98 in the year-earlier quarter.

Revenue: Rose 5.03% to $2.21 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Stryker Corp. reported adjusted EPS income of $1 per share. By that measure, the company missed the mean analyst estimate of $1.03. It beat the average revenue estimate of $2.19 billion.

Quoting Management: “We delivered another solid quarter of operational results with balanced sales growth across all segments and geographies, as well as strong cash flow performance,” said Kevin A. Lobo, President and Chief Executive Officer. “Our earnings per share was impacted by foreign exchange headwinds which we expect to continue throughout the year.”

Key Stats (on next page)…

Revenue increased 1% from $2.19 billion in the previous quarter. EPS decreased 2.91% from $1.03 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1.03 to a profit $1.01. For the current year, the average estimate has moved down from a profit of $4.33 to a profit of $4.29 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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