Published on 12 Jan 2022 on Zacks via Yahoo Finance
Medtronic (MDT) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, Medtronic (MDT) closed at $108.95, marking a +0.98% move from the previous day. This move outpaced the S&P 500's daily gain of 0.28%. At the same time, the Dow added 0.11%, and the tech-heavy Nasdaq gained 0.14%.
Coming into today, shares of the medical device company had lost 3.4% in the past month. In that same time, the Medical sector lost 1.05%, while the S&P 500 gained 0.12%.
Investors will be hoping for strength from Medtronic as it approaches its next earnings release. The company is expected to report EPS of $1.38, up 6.98% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $7.96 billion, up 2.44% from the prior-year quarter.