Stryker’s Amazing 2018

Stryker (SYK) had a great year last year. I wanted to take a step back and show you how the company progressed in 2018.

For 2017, Stryker made $6.49 per share. Let’s start in January 2018 when Stryker forecasted Q1 earnings ranging between $1.57 and $1.62 per share. For full year 2018, Stryker expected earnings of $7.07 to $7.17 per share.

Now let’s jump to April when they reported $1.68 per share for Q1. Stryker also raised full year estimates to $7.18 – $7.25 per share and gave Q2 guidance of $1.70 to $1.75 per share.

In July, they said they made $1.76 per share for Q2, again exceeding their range. For Q3, they forecasted earnings between $1.65 and $1.70 per share. Wall Street had been expecting $1.69 per share. Again, they raised full-year guidance. This time to $7.22 to $7.27 per share.

In October, Stryker said they made $1.69 per share for Q3 (Wall Street’s original forecast). For Q4, Stryker said they expected $2.13 to $2.18 per share. Again, they raised full-year guidance. This time to $7.25 – $7.30 per share. That’s three increases.

In December, the shares dropped 16% in just seven trading days.

Then in January, Stryker reported $2.18 per share for Q4. For 2018, they earned $7.31 per share which beat the top end of their guidance. That’s an increase of 12.6% over the $6.49 per share they made last year.

Posted by on February 12th, 2019 at 1:29 pm


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