Earnings Preview: Stryker Corp.

Stryker Corp. (SYK) is expected to report Q3 earnings Tuesday, October 20 after the market close, with a conference call scheduled for 4:30 pm ET.

Guidance

Analysts are looking for EPS of 69c on revenue of $1.62B. The consensus range is 66c-72c for EPS, and $1.58B-$1.66B for revenue, according to First Call. In July the company reported Q2 EPS of 73c, beating analysts' expectations of 72c, and revenue of $1.63B which was slightly lower than consensus estimates of $1.65B. Positive drivers for Strykers Q3 results will depend on cost controls and improving fundamentals with $2.4B in cash and no debt. Headwinds for the company come from reduced consumer spending on elective surgeries and reduced hospital budgets.

Analyst Views

On June 16, Stryker was initiated with an Underweight and $44 price target at Barclays.