According to RBC Capital Markets analyst constancy in the U.S. hospital capital spending and the orthopedic markets would help both Stryker Corporation (NYSE:SYK) and Zimmer Holdings, Inc. (NYSE:ZMH) meet the analyst expectations for the 3rd quarter, and increase the company shares.
Analyst Glenn Novarro today in a research note stated that investor’s have a negative opinion for orthopedic companies and have very little interest in this sector. But depressesd company valuations could lead shares to climb if third-quarter results are positive.
According to FactSet, Analysts estimated average earning of 89 cents per share from Stryker and $1.03 from Zimmer.
Stryker adjusted earnings for the 2nd quarter was 90 cents per share, and that of Zimmer with $1.21 per share.
The shares of Zimmer went up by 16 cents to $53.15 in today’s afternoon trading, while that of the Dow Jones industrial went up by 1%. However its stock value neared to $70 in May which fell subsequently since then.
The shares of Stryker went down by 6 cents to $50.02.
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