Lowest Projected Earnings Growth in the Health Care Equipment Industry Detected in Shares of Medtronic (MDT, IDXX, RMD, IART, VAR)
Below are the three companies in the Health Care Equipment industry with the lowest projected earnings growth. The growth of earnings per share (current fiscal year estimated vs. last year actual) is important to gauge future profitability and relative value. Higher EPS growth generally justifies higher earnings multiples.
Medtronic ranks lowest with a projected earnings growth of 2.0%. Following is Idexx Laboratories with a projected earnings growth of 2.9%. ResMed ranks third lowest with a projected earnings growth of 4.0%.
Integra LifeSciences follows with a projected earnings growth of 4.1%, and Varian Medical Systems rounds out the bottom five with a projected earnings growth of 4.1%.
SmarTrend recommended that subscribers consider buying shares of Integra LifeSciences on February 22nd, 2016 as our technology indicated a new Uptrend was in progress when shares hit $58.86. Since that recommendation, shares of Integra LifeSciences have risen 20.7%. We continue to monitor Integra LifeSciences for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: lowest projected earnings growth Medtronic idexx laboratories resmed Integra LifeSciences Varian Medical Systems