Medtronic (NYSE:MDT) Full Year 2024 Results

Key Financial Results

• Revenue: US$32.4b (up 3.6% from FY 2023).
• Net income: US$3.68b (down 2.2% from FY 2023).
• Profit margin: 11% (in line with FY 2023).
• EPS: US$2.77 (down from US$2.83 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Medtronic EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 21%.

The primary driver behind last 12 months revenue was the Cardiovascular segment contributing a total revenue of US$11.8b (37% of total revenue). The largest operating expense was General & Administrative costs, amounting to US$10.6b (60% of total expenses). Explore how MDT's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Medical Equipment industry in the US.

Performance of the American Medical Equipment industry.

The company's shares are down 3.7% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for Medtronic you should know about.

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