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Strong Segmental Performance to Drive Stryker's Q3 Earnings
ZACKS· 2024-10-25 19:11
Stryker Corporation (SYK) is scheduled to release third-quarter 2024 results on Oct. 29, after market close. In the last reported quarter, the company delivered an earnings surprise of 6.38%.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Q3 EstimatesThe Zacks Consensus Estimate for earnings is pegged at $2.78 per share, indicating an increase of 13% year over year.The consensus mark for revenues is pinned at $5.37 billion, implying growth of 9.4% from the prior-year reported figure ...
Insights Into Stryker (SYK) Q3: Wall Street Projections for Key Metrics
ZACKS· 2024-10-24 14:21
Wall Street analysts expect Stryker (SYK) to post quarterly earnings of $2.78 per share in its upcoming report, which indicates a year-over-year increase of 13%. Revenues are expected to be $5.37 billion, up 9.4% from the year-ago quarter.Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.Ahead of a company's earnings disclosure, it is cr ...
Stryker: A High Quality MedTech Name Investors Should Own
Seeking Alpha· 2024-10-17 14:42
I've written about investing for Seeking Alpha since 2015 and for Sure Dividend since 2018. I focus primarily on owning shares of companies that have demonstrated long histories of dividend growth. These types of companies have largely proven successful at raising dividends through multiple recessionary periods, a sign that their business models are strong enough to withstand a downturn in the economy. We are long: Energy: CVX Finance: JPM AFL MA V TDIndustrials: LMT MMM HON CMI GD RTX CAT SWK UPSTeleco: T ...
Stryker: More Earnings Growth And Higher Prices Ahead
Seeking Alpha· 2024-10-17 11:45
Looking for a company with steady earnings growth and a share price that has outpaced the S&P 500 over the past decade? Stryker Corporation (NYSE: SYK ) would certainly be worth a look: Robert F. Abbott has been investing his family's accounts since 1995, and in 2010 added options, mainly covered calls and collars with long stocks. He is a freelance writer, and his projects include a website that provides information for new and intermediate-level mutual fund investors. A resident of Airdrie, Alberta, Canad ...
Stryker's Acquisition Spree: Double-Digit Growth on the Horizon
MarketBeat· 2024-10-10 13:33
Stryker Today SYK Stryker $353.96 +3.17 (+0.90%) 52-Week Range $249.98 ▼ $374.63 Dividend Yield 0.90% P/E Ratio 40.41 Price Target $379.37 Add to Watchlist Stryker NYSE: SYK is a medical device company that has risen to become the third-largest U.S. firm in the healthcare equipment and supplies industry. The company has often acquired other firms to boost its competitiveness and add capabilities. Still, recent months in 2024 have been particularly active for Stryker when it comes to acquisitions. Since the ...
Stryker Stock Gains 18.6% YTD: What's Driving its Share Price?
ZACKS· 2024-10-03 12:05
Stryker Corporation (SYK) has witnessed substantial gains in the year-to-date period. Shares of the company have rallied 18.6% compared with 13.4% growth of the industry. The S&P 500 Composite has risen 20.1% during the same time frame. With healthy fundamentals and strong growth opportunities, this Zacks Rank #3 (Hold) company appears to be a solid wealth creator for investors at the moment. Headquartered in Kalamazoo, MI, Stryker is one of the world's largest medical device companies operating in the glob ...
Stryker to announce its third quarter 2024 financial results
GlobeNewswire News Room· 2024-10-01 20:00
Portage, Michigan, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Stryker (NYSE:SYK) announced that it will report its third quarter 2024 financial results on Tuesday, October 29, 2024. A press release will be issued at approximately 4:05pm ET and available at Stryker - Press Releases that day. The press release will include summary financial information for the quarter ended September 30, 2024. Stryker will host a webcast at 4:30pm ET on Tuesday, October 29, to discuss results for the third quarter. The webcast can be ...
Stryker completes acquisition of Vertos Medical, Inc., expanding interventional pain management solutions
GlobeNewswire News Room· 2024-10-01 12:00
Portage, Michigan, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Stryker (NYSE: SYK) announced today that it has completed the acquisition of Vertos Medical Inc., a leader in interventional pain management solutions for chronic lower back pain caused by lumbar spinal stenosis. "The acquisition of Vertos Medical enhances our unique, non-surgical solutions for interventionalists addressing chronic lower back pain, while broadening our presence in ambulatory surgery centers," said Andy Pierce, Group President, MedSurg and ...
Stryker completes acquisition of NICO Corporation, expanding minimally invasive solutions for brain tumor removal and stroke care
Prnewswire· 2024-09-20 12:00
PORTAGE, Mich., USA, Sept. 20, 2024 /PRNewswire/ -- Stryker (NYSE: SYK), a global leader in medical technologies, announced today that it has completed the acquisition of NICO Corporation, a privately held company providing a systematic approach to minimally invasive surgery for tumor and intracerebral hemorrhage (ICH) procedures. This acquisition further strengthens Stryker's commitment to neurotechnology through tumor and stroke care. ICH, or bleeding in the brain caused by a ruptured blood vessel, is the ...
Stryker Stock Declines Despite Completion of care.ai Acquisition
ZACKS· 2024-09-18 18:30
Stryker Corporation (SYK) announced that it has closed the previously-announced agreement to acquire care.ai, a privately held company specializing in artificial intelligence (AI)-assisted virtual care workflows, smart room technology and ambient intelligence solutions. This acquisition is likely to strengthen Stryker's healthcare IT and wireless medical device offerings, underscoring its commitment to delivering innovative solutions that can tackle key challenges in the healthcare industry. The deal should ...