Global Healthcare Analyst

Tina Banerjee

Equity Bottom-Up

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<a href="https://www.smartkarma.com/entities/medtronic-plc" target="_blank" data-smartkarma-citation="entities:14982:1" rel="noopener">Medtronic Plc (MDT US)</a> announced better-than-expected Q1FY24 result. Revenue of $7.7B increased 6% on organic basis, ahead of guidance of 4.5%. Each of four segments delivered 6% organic revenue growth.</li>
<li>Adjusted EPS increased 6% YoY to $1.20, ahead of guidance of $1.10–1.12. Outperformance was driven by better-than-expected operational performance and lesser-than-expected unfavorable impact from foreign currency translation.</li>
<li>The company increased FY24 organic revenue growth guidance to 4.5% versus the prior range of 4.0% to 4.5% and adjusted EPS guidance to $5.08–5.16, 7 cent increase at midpoint.</li>
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Medtronic Plc (MDT US) announced better-than-expected Q1FY24 result. Revenue of $7.7B increased 6% on organic basis, ahead of guidance of 4.5%. Each of four segments delivered 6% organic revenue growth.
Adjusted EPS increased 6% YoY to $1.20, ahead of guidance of $1.10–1.12. Outperformance was driven by better-than-expected operational performance and lesser-than-expected unfavorable impact from foreign currency translation.
The company increased FY24 organic revenue growth guidance to 4.5% versus the prior range of 4.0% to 4.5% and adjusted EPS guidance to $5.08–5.16, 7 cent increase at midpoint.


Medtronic (MDT US): Q1 Result Exceeds Forecast; FY24 Guidance Raised on Higher Surgery Volumes

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

<ul><li>Edwards Lifesciences Corporation managed to exceed analyst expectations in terms of revenue as well as earnings.</li><li>It achieved double-digit sales growth in the quarter driven by increased adoption of its innovative therapies.</li><li>The second quarter TAVR sales were helped by improved hospital staffing levels as well as the continued successful launch of the SAPIEN 3 Ultra RESILIA.</li></ul>

Edwards Lifesciences Corporation managed to exceed analyst expectations in terms of revenue as well as earnings.It achieved double-digit sales growth in the quarter driven by increased adoption of its innovative therapies.The second quarter TAVR sales were helped by improved hospital staffing levels as well as the continued successful launch of the SAPIEN 3 Ultra RESILIA.

Edwards Lifesciences Corporation: The PASCAL Precision platform & 3 Other Factors Driving Growth! - Financial Forecasts

<ul><li>The last quarter proved to be a strong one for Edwards Lifesciences and its results exceeded market expectations in terms of revenues as well as earnings.</li><li>While Japan faced lingering COVID impacts, strong growth was observed in the U.S., Europe, and the rest of the world.</li><li>With a positive outlook, a strong pipeline, a raised sales expectation for the full year, and a commitment to innovation and clinical outcomes, the Edwards Lifesciences management intends to capitalize on the opportunities in the cardiovascular healthcare market.</li></ul>

The last quarter proved to be a strong one for Edwards Lifesciences and its results exceeded market expectations in terms of revenues as well as earnings.While Japan faced lingering COVID impacts, strong growth was observed in the U.S., Europe, and the rest of the world.With a positive outlook, a strong pipeline, a raised sales expectation for the full year, and a commitment to innovation and clinical outcomes, the Edwards Lifesciences management intends to capitalize on the opportunities in the cardiovascular healthcare market.

Edwards Lifesciences Corporation: TAVR Therapy & Strong Investments For The Future – Key Drivers

<ul><li>Despite the healthcare disruptions in several key geographies, Edwards Lifesciences delivered a good result surpassing the analyst consensus estimates in terms of revenues as well as earnings.</li><li>In the quarter Edwards made a series of some external investments in several promising early-stage technologies.</li><li>We provide the stock of Edwards Lifesciences with a ‘Hold’ rating and a revision in the target price.</li></ul>

Despite the healthcare disruptions in several key geographies, Edwards Lifesciences delivered a good result surpassing the analyst consensus estimates in terms of revenues as well as earnings.In the quarter Edwards made a series of some external investments in several promising early-stage technologies.We provide the stock of Edwards Lifesciences with a ‘Hold’ rating and a revision in the target price.

Edwards Lifesciences: Sapien-3 Ultra Resilia Valve Launch & Other Developments

<ul><li>This is our first report on Edwards Lifesciences, a market leading manufacturer of heart valve systems and repair products.</li><li>The last quarter was highly disappointing as Edwards failed to meet Wall Street expectations in terms of revenues as well as earnings.</li><li>Besides, their market-leading SAPIEN 3 Ultra transcatheter aortic heart valve combines Edwards' ground-breaking RESILIA technology.</li></ul>

This is our first report on Edwards Lifesciences, a market leading manufacturer of heart valve systems and repair products.The last quarter was highly disappointing as Edwards failed to meet Wall Street expectations in terms of revenues as well as earnings.Besides, their market-leading SAPIEN 3 Ultra transcatheter aortic heart valve combines Edwards' ground-breaking RESILIA technology.

Edwards Lifesciences Corporation: Initiation of Coverage – Recent Approvals & Other Drivers

United States

Edwards Lifesciences Corporation designs, develops, manufactures, and markets products and services to treat late-stage cardiovascular disease. The Company offers products such as tissue replacement heart valves, heart valve repair, hemodynamic monitoring devices, angioscopy equipment, oxygenators, and pharmaceuticals. Edwards Lifesciences supplies its products worldwide.

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Edwards Lifesciences (EW UN)

Medtronic (MDT US): Q1 Result Exceeds Forecast; FY24 Guidance Raised on Higher Surgery Volumes

Medtronic announced better-than-expected Q1FY24 results with 6% organic revenue and EPS growth. The company has increased guidance for organic...

Tina Banerjee

Edwards Lifesciences Corporation: The PASCAL Precision platform & 3 Other Factors Driving Growth! - Financial Forecasts

Edwards Lifesciences Corporation managed to exceed analyst expectations in terms of revenue as well as earnings. It achieved double-digit sales...

Baptista Research

Edwards Lifesciences Corporation: TAVR Therapy & Strong Investments For The Future – Key Drivers

The last quarter proved to be a strong one for Edwards Lifesciences and its results exceeded market expectations in terms of revenues as well as...

Baptista Research

Edwards Lifesciences: Sapien-3 Ultra Resilia Valve Launch & Other Developments

Despite the healthcare disruptions in several key geographies, Edwards Lifesciences delivered a good result surpassing the analyst consensus...

Baptista Research

Edwards Lifesciences Corporation: Initiation of Coverage – Recent Approvals & Other Drivers

This is our first report on Edwards Lifesciences, a market leading manufacturer of heart valve systems and repair products. The last quarter was...

Baptista Research

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52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Medtronic (MDT US): Q1 Result Exceeds Forecast; FY24 Guidance Raised on Higher Surgery Volumes

​Medtronic announced better-than-expected Q1FY24 results with 6% organic revenue and EPS growth. The company has increased guidance for organic...

Tina Banerjee

Edwards Lifesciences Corporation: The PASCAL Precision platform & 3 Other Factors Driving Growth! - Financial Forecasts

Edwards Lifesciences Corporation managed to exceed analyst expectations in terms of revenue as well as earnings. It achieved double-digit sales...

Baptista Research

Edwards Lifesciences Corporation: TAVR Therapy & Strong Investments For The Future – Key Drivers

The last quarter proved to be a strong one for Edwards Lifesciences and its results exceeded market expectations in terms of revenues as well as...

Baptista Research

Edwards Lifesciences: Sapien-3 Ultra Resilia Valve Launch & Other Developments

Despite the healthcare disruptions in several key geographies, Edwards Lifesciences delivered a good result surpassing the analyst consensus...

Baptista Research

Edwards Lifesciences Corporation: Initiation of Coverage – Recent Approvals & Other Drivers

This is our first report on Edwards Lifesciences, a market leading manufacturer of heart valve systems and repair products. The last quarter was...

Baptista Research

Medtronic announced better-than-expected Q1FY24 results with 6% organic revenue and EPS growth. The company has increased guidance for organic...