Here's What to Expect From Stryker Corporation's Next Earnings Report

Founded in 1941, the Portage, Michigan-based Stryker Corporation (SYK) operates as a medical technology company that offers surgical equipment, and surgical navigation systems, endoscopic and communications systems, patient handling, emergency medical equipment and intensive care disposable products, clinical communication, and artificial intelligence-assisted virtual care platform technology. With a market cap of $134.9 billion, the company operates through two segments, MedSurg and Neurotechnology, and Orthopaedics.

The company is expected to report its Q1 earnings on Thursday, May 1, after the market closes. Ahead of the event, analysts expect SYK to report a profit of $2.73 per share, up 9.2% from a profit of $2.50 per share reported in the year-ago quarter. It has exceeded analysts' earnings estimates in all of the past four quarters, which is impressive. In the previous quarter, it reported EPS of $4.01, which surpassed the consensus estimate by 3.6%, driven by solid growth across its segments.