Medtronic (MDT) Tops Q3 Earnings Estimates

Financial Performance - Medtronic reported quarterly earnings of $1.39 per share, exceeding the Zacks Consensus Estimate of$ 1.36 per share, and up from $1.30 per share a year ago, representing an earnings surprise of 2.21% [1] - The company posted revenues of$ 8.29 billion for the quarter ended January 2025, slightly missing the Zacks Consensus Estimate by 0.43%, but up from $8.09 billion year-over-year [2] - Over the last four quarters, Medtronic has surpassed consensus EPS estimates four times and topped consensus revenue estimates three times [2] Stock Performance - Medtronic shares have increased approximately 16.2% since the beginning of the year, outperforming the S&P 500's gain of 4% [3] - The current Zacks Rank for Medtronic is 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [6] Future Outlook - The current consensus EPS estimate for the upcoming quarter is$ 1.61 on revenues of $8.85 billion, and for the current fiscal year, it is$ 5.45 on revenues of $33.56 billion [7] - The outlook for the Medical - Products industry is favorable, ranking in the top 31% of over 250 Zacks industries, suggesting that stocks in this sector are likely to outperform those in the bottom 50% [8]