Stryker Third Quarter Earnings Sneak Peek

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

Stryker Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 98 cents per share, a rise of 7.7% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $1. Between one and three months ago, the average estimate moved down. It has been unchanged at 98 cents during the last month. For the year, analysts are projecting profit of $4.09 per share, a rise of 9.9% from last year.

Past Earnings Performance: The company has met estimates the last three quarters. Last quarter, the company reported net income of 98 cents per share to fall in step with the mean estimate.

Are you well-positioned with a winning post-election portfolio?: Check out our newest CHEAT SHEET stock picks now>>

A Look Back: In the second quarter, profit rose 5.1% to $325 million (85 cents a share) from $309.1 million (79 cents a share) the year earlier, meeting analyst expectations. Revenue rose 3% to $2.11 billion from $2.05 billion.

Stock Price Performance: Between September 13, 2012 and October 11, 2012, the stock price dropped $2.73 (-4.9%), from $55.19 to $52.46. The stock price saw one of its best stretches over the last year between April 23, 2012 and May 1, 2012, when shares rose for seven straight days, increasing 4.1% (+$2.17) over that span. It saw one of its worst periods between May 10, 2012 and May 18, 2012 when shares fell for seven straight days, dropping 5.8% (-$3.11) over that span.

Analyst Ratings: With 14 analysts rating the stock a buy, none rating it a sell and 10 rating the stock a hold, there are indications of a bullish stance by analysts.

Wall St. Revenue Expectations: Analysts are projecting a rise of 2% in revenue from the year-earlier quarter to $2.07 billion.

Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 4.83 last quarter. Having a ratio above 2:1 is usually considered a good indicator of a company’s liquidity and ability to meet creditor demands.

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute — click here and get our CHEAT SHEET stock picks now.

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

Don’t Miss These Additional Hot Stories:

Do Dendreon and Celgene Need Treatment of Their Own?

Google to Apple: Bring It On!

Here’s Why Starbucks Moves Like a Tech Stock