Medtronic (MDT) Gains As Market Dips: What You Should Know

Medtronic (MDT) Gains As Market Dips: What You Should Know
This story originally appeared on Zacks

In the latest trading session, Medtronic (MDT) closed at $106.39, marking a +0.27% move from the previous day. The stock outpaced the S&P 500’s daily loss of 0.06%. Elsewhere, the Dow gained 0.59%, while the tech-heavy Nasdaq lost 0.3%.

Medtronic (MDT) Gains As Market Dips: What You Should Know – Zacks

Coming into today, shares of the medical device company had lost 3.76% in the past month. In that same time, the Medical sector gained 4.74%, while the S&P 500 gained 5.76%.

Investors will be hoping for strength from Medtronic as it approaches its next earnings release. In that report, analysts expect Medtronic to post earnings of $1.38 per share. This would mark year-over-year growth of 6.98%. Our most recent consensus estimate is calling for quarterly revenue of $7.97 billion, up 2.46% from the year-ago period.

Investors should also note any recent changes to analyst estimates…

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