Medtronic (MDT) To Report Q4 Earnings: Will It Top Estimates?
Zacks Investment Research | May 20, 2019 09:07PM ET
Medtronic plc (NYSE:MDT) is scheduled to report fourth-quarter and fiscal 2019 results on May 23, before the opening bell.
In the last reported quarter, the company’s earnings beat the Zacks Consensus Estimate by 4.03%. In fact, the bottom-line outpaced estimates in the trailing four quarters, the average being 4.84%.
Let’s see how things are shaping up prior to this announcement.
Key Catalysts
We are upbeat about Medtronic’s successful execution of growth strategies such as therapy innovation, globalization and increase in economic value. Combined with the demographics of an aging population, these positives opened up opportunities for the company, which should get reflected in the fiscal fourth-quarter results.
The therapy innovation space has been seeing multiple developments. Under Cardiac and Vascular Group ("CVG"), new therapies are helping the company gain traction in the rapidly growing MedTech market for left ventricular assist device, transcatheter aortic valve replacement, drug-coated balloons, atrial fibrillation ablation and insertable diagnostics.
Medtronic PLC Price and EPS Surprise
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