Medtronic Earnings: Your Sneak Peek to the Big Announcement

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Medtronic (NYSE:MDT) will report earnings before markets open on Tuesday, May 21st. Medtronic, Inc. develops therapeutic and diagnostic medical products. The Company’s principal products include those for bradycardia pacing, tachyarrhythmia management, atrial fibrillation management, heart failure management, heart valve replacement, malignant and non-malignant pain, and movement disorders. Medtronic’s products are sold worldwide.

Here is your Cheat Sheet to Medtronic Earnings:

Earnings Expectations: Analysts expect earnings of $1.03 per share on revenues of $4.39 billion. Currently, the company’s P/E ratio stands at 14.76.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.91 to a profit $0.9. For the current year, the average estimate is a profit of $3.69, which is better than the estimate ninety days ago.

Earnings Trends:

Here’s how Medtronic has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 13,520 14,600 15,820 15,510 16,180
Diluted EPS ($) 1.95 1.84 2.79 2.86 3.41

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Jan. 31, 2012 Apr. 30, 2012 Jul. 31, 2012 Oct. 31, 2012 Jan. 31, 2013
Revenue ($) in millions 3,918 4,297 4,008 4,095 4,027
Diluted EPS ($) 0.88 0.9462 0.83 0.63 0.97

Past Performance:
Medtronic has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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