How did SYK's Q4 2024 earnings surprise impact investor sentiment?

Stryker's (NYSE: SYK) Q4 2024 earnings surprise had a positive impact on investor sentiment, as evidenced by several key indicators:

1. **Earnings Surprise**: Stryker reported an EPS surprise of $0.14 for Q4 2024, which contributed to a quarterly report representing an earnings surprise of 3.24%. This positive surprise likely boosted investor confidence in the company's financial performance.

|code|Ticker|Name|Date|Revenue Surprise|Revenue Surprise YoY|market_code|
|---|---|---|---|---|---|---|
|SYK|SYK.N|Stryker|2024 Q1|1.0E8|-54.12844036697248|169|
|SYK|SYK.N|Stryker|2024 Q2|0|-100|169|
|SYK|SYK.N|Stryker|2024 Q3|1.2E8|144.89795918367346|169|
|SYK|SYK.N|Stryker|2024 Q4|7.6E7|-64.65116279069767|169|

2. **Stock Price Movement**: Following the earnings release, Stryker's stock traded up, reflecting investor optimism about the company's performance. Although the stock experienced a slight decline of 0.83%, the overall trend suggested that the positive earnings surprise was appreciated by the market.

3. **Analyst Ratings and Price Target Increases**: Analysts maintained an optimistic outlook on Stryker, with Piper Sandler increasing its price target to $420, indicating a positive view on the company's performance and potential for growth. This endorsement from analysts can bolster investor confidence and attract new investors.
4. **Guidance Update**: Stryker updated its FY 2024 earnings guidance, providing a EPS guidance of $12.000-12.100, compared to the consensus earnings per share estimate of $12.010. This guidance suggests a level of transparency and confidence in the company's future performance, which can positively influence investor sentiment.
5. **Revenue Growth**: The company's revenue growth, both organically and through acquisitions, has been a significant driver of investor confidence. Stryker's revenues exceeded expectations, with a reported revenue of $5.49 billion for Q4 2024, representing a year-over-year increase of 11.9%. This robust revenue growth is a testament to the company's market position and future potential.

In conclusion, Stryker's Q4 2024 earnings surprise, coupled with its strong revenue growth and positive guidance, contributed to a positive sentiment among investors. The company's solid financial performance and growth prospects continue to attract investor confidence and support a bullish outlook on its stock.