Medtronic: Q4 Earnings Insights - Medtronic (NYSE:MDT)

Medtronic MDT reported its Q4 earnings results on Thursday, May 26, 2022 at 06:45 AM.

Here's what investors need to know about the announcement.

Medtronic missed estimated earnings by 2.56%, reporting an EPS of $1.52 versus an estimate of $1.56.

Revenue was down $99.00 million from the same period last year.

Last quarter the company missed on EPS by $0.0 which was followed by a 0.67% drop in the share price the next day.

Here's a look at Medtronic's past performance:

Quarter	Q3 2022	Q2 2022	Q1 2022	Q4 2021
EPS Estimate	1.37	1.29	1.32	1.42
EPS Actual	1.37	1.32	1.41	1.50
Revenue Estimate	7.90B	7.96B	7.86B	8.14B
Revenue Actual	7.76B	7.85B	7.99B	8.19B

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Medtronic management provided guidance for FY 2023, expecting earnings between $5.53 and $5.65 per share.

To track all earnings releases for Medtronic visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.