Stryker Corporation (NYSE:SYK) medical appliances & equipment manufacturer, is expected to report third quarter earnings results, after market close, on Thursday 29th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 1.41 per share.
Looking ahead, the full year income are expected at $ 6.43 per share on the revenues of $ 14036.00 million.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 9.00 ~ $ 9.20 per share
Click Here For More Historical Outlooks Of Stryker Corporation
Previous Quarter Performance
Stryker Corporation posted income for the second quarter of $ 0.64 per share, from the revenue of $ 2,764.00 million. The quarterly earnings fell 67.68 percent while revenues contracted 24.27 percent compared with the same quarter last year.
According to street consensus, SYK was expected to report 2Q20 income of $ 0.55 per share from revenue of $ 2586.36 million. The bottom line results beat street analysts by $ 0.09 or 16.36 percent, at the same time, top line results outshined analysts by $ 177.64 million or 6.87 percent.
Stock Performance
Shares of Stryker Corporation traded low $ -8.51 or -3.99 percent on Wednesday, reaching $ 204.95 with volume of 1.16 million shares. Stryker Corporation has traded high as $ 209.10 and has cracked $ 203.66 on the downward trend
According to the previous trading day, closing price of $ 204.95, representing a 71.40 % increase from the 52 week low of $ 124.54 and a 6.13 % decrease over the 52 week high of $ 227.39.
The company has a market capital of $ 76.98 billion and is part of the Healthcare sector and Medical Devices industry.
Recent Analyst recommendations
- On 12th October 2020, maintained by Raymond James at Outperform rating, with $ 240.00 target price.
Recent Stock Dividend Announcement
On July 30, 2020, the board of directors authorized quarterly dividend of $ 0.575 per share to holders of record as of the close of business on September 30, 2020, with payment date of October 30, 2020 and ex-dividend date on September 29, 2020.
Conference Call
Stryker Corporation will be hosting a conference call at 4:30 PM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.stryker.com
Stryker Corporation operates as a medical technology company. The company operates through three segments: Orthopaedics, MedSurg, and Neurotechnology and Spine. The Orthopaedics segment provides implants for use in hip and knee joint replacements, and trauma and extremities surgeries.
