SYK · PEAD ↓ 80

Stryker reported Q1 2026 EPS of $2.60 on 2026-04-30, missing the $2.98 consensus by $0.38 (-12.8%); year-over-year comparison is not available in current data.

Print-day reaction was effectively flat at 0.0% — the initial close-to-close move on earnings day showed no net displacement from the prior session's close. The overnight gap into T+1 was -0.57%, a modest but negative fade suggesting the market reconsidered the EPS miss after hours. Over the subsequent two trading days the stock drifted further, delivering a Day 1–3 move of approximately +0.18% — insufficient to recover the gap loss, leaving cumulative damage intact. Cumulative abnormal return of -8.0% versus SPY.US over the three-day window firmly places this in PEAD short territory; the documented drift pattern holds through 2026-07-28.