Published on 20 Jan 2022 on Zacks via Yahoo Finance
In the latest trading session, Medtronic (MDT) closed at $106.11, marking a -1.53% move from the previous day. This change lagged the S&P 500's daily loss of 1.1%. Meanwhile, the Dow lost 0.89%, and the Nasdaq, a tech-heavy index, added 0.03%.
Heading into today, shares of the medical device company had gained 6.34% over the past month, outpacing the Medical sector's loss of 7.84% and the S&P 500's loss of 1.81% in that time.
Medtronic will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $1.38, up 6.98% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $7.96 billion, up 2.38% from the year-ago period.