Medtronic Review Post Q1 Results
<p>RBC Capital analysts updated their model and lowered their price target to $110 from $122 on <a href='https://financialmodelingprep.com/financial-summary/MDT'>Medtronic (NYSE:MDT)</a> following the company’s recently announced Q1 results and 2023 guidance.</p>
<p>The company’s Q1 EPS came in at $1.13, better than the Street estimate of $1.12. Revenue was $7.4 billion, compared to the Street estimate of $7.22 billion. For the full 2023-year, the company expects EPS to be in the range of $5.53-$5.65, compared to the Street estimate of $5.56.</p>
<p>The analysts lowered their 2023 and 2024 revenue estimates down to $31.59 million (from $31.97 million) and to $33.13 million (from $33.77 million). </p>

NYSE:MDT