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Weaker-than-expected results from Dell (DELL) pushed the tech sector lower Friday, which in turn sent the broad market skidding into the red. Disappointing results from builder D.R. Horton (DHI) also weighed on sentiment, adding to worries the real estate market will continue to hamper a recovery in the U.S. economy.[More...]
Medtronic Inc. (MDT) recently launched a new TSRH 3Dx Spinal System, which is a hook, rod and screw system used in complex spinal procedures. The system offers two screws designed to address multiple pathologies. The Multi Planar Adjusting (MPA) Screw gives surgeons the flexibility of a variable angle posted screw for targeted, controlled correction maneuvers. [...]
Medtronic Inc. (MDT) recently launched a new TSRH 3Dx Spinal System, which is a hook, rod and screw system used in complex spinal procedures. The system offers two screws designed to address multiple pathologies. The Multi Planar Adjusting (MPA) Screw gives surgeons the flexibility of a variable angle posted screw for targeted, controlled correction maneuvers. The OSTEOGRIP Screw enhances bone fixation by incorporating a dual-lead thread pattern that reduces toggle at the bone-screw interface.
The new pedicle screw system has a unique technology that addresses multiple spinal pathologies, from degenerative disc disease to spinal deformity. The product offers an alternative to patients for spinal stabilization with fusion. It works for patients suffering from degenerative spinal conditions, deformity, or injury of the thoracic, lumbar, and sacral spine. The TSRH Spinal System also provides Chromaloy rods and a minimally invasive capability.
We think that the new product will be widely accepted by orthopedic surgeons as a result of its unique features. This will expand Medtronic’s revenues in the Spinal and Biologics segment.
Medtronic is one of the world’s leading medical technology companies, specializing in implantable and interventional therapy devices and products. The company’s main competitors include St. Jude Medical (STJ) and Boston Scientific Corporation (BSX).
Medtronic’s management has a typical “ONE Medtronic" approach that encompasses the following goals: drive sustainable long-term growth of 9%−11% through innovation, focus on operating margins − increase by 300 to 400 basis points, EPS growth of 11%−14% and return a minimum of 40%−50% of free cash flow to shareholders annually, and align the organization for consistent execution. Medtronic’s fiscal first quarter results indicate that the company is well on track to achieve these goals.
Traders watch earnings announcementskeenly, as changes in a company’s financials can be a good indication whether a company is on the right track, or headed the wrong way.
Shamir Optical Industry, Ltd. (SHMR) is scheduled to release its earnings results Wednesday. The company currently has an earnings per share ratio (EPS trailing twelve months) of .57 and investors are hoping to see that number grow. Let’s take a look at the performance of the stock since its previous earnings release.
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In the past three months, the stock has posted a 17.78% gain in terms of stock price. Over the same period, the Medical Appliances & Equipment industry group has returned a combined .00% 0.
So the eyes of investors turn to this new round of earnings.
Now, good earnings don’t always lead to higher stock prices, but keeping up on earnings is still a vital part of your fundamental stock analysis. Also note that companies often change earnings dates, so you should double-check them often.
When looking at earnings, it’s very helpful to see how stocks compare to others in its industry group. And even though two stocks may not be direct competitors, many analysts and institutional investors still compare them and evaluate them relative to other stocks in their group.
SHMR is in the Medical Appliances & Equipment industry group where it competes for investor dollars with companies like Cutera Inc. (CUTR), which released its earnings on 11/02 and last reported a -368.12% decline in quarter-over-quarter EPS.
Another industry peer, Synovis Life Technologies Inc. (SYNO) is set to release its earnings on 12/03 and last reported a -405.49% decline in QOQ EPS.
Medtronic, Inc.(MDT) is the stock with the biggest market cap in the Medical Appliances & Equipment industry at $44.36B. It closed yesterday at $40.08
To better understand how to evaluate earnings announcements and the affect they have on your portfolio, be sure to read Earnings Announcements and EPS.
Companies featured in this segment: Medtronic Incorporated (NYSE:MDT), E.ON Climate & Renewables (Xetra:EONGn.DE), Poweo S.A. (EPA:ALPWO), Verbund (WBAG:VER), Essar Steel Limited (BSE:500627), General Motors (NYSE:GM), Severstal (MCX:CHMF), Power Grid Corporation of India (BSE:532898), PetroChina Company Limited (NYSE:PTR), China Petroleum & Chemical Corporation (NYSE:SNP), (NASDAQ:SIAL)
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