In the latest trading session, Intuitive Surgical, Inc. (ISRG) closed at $350.16, marking a -4.51% move from the previous day. This change lagged the S&P 500's 0.58% loss on the day. At the same time, the Dow lost 1.18%, and the tech-heavy Nasdaq lost 0.32%.
The stock of company has fallen by 6.78% in the past month, lagging the Medical sector's gain of 2.73% and the S&P 500's loss of 0.36%.
The investment community will be closely monitoring the performance of Intuitive Surgical, Inc. in its forthcoming earnings report. It is anticipated that the company will report an EPS of $2.61, marking a 8.75% rise compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $2.88 billion, up 14.98% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $10.74 per share and revenue of $11.81 billion, which would represent changes of +20.27% and +17.38%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Intuitive Surgical, Inc. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. As of now, Intuitive Surgical, Inc. holds a Zacks Rank of #3 (Hold).
In the context of valuation, Intuitive Surgical, Inc. is at present trading with a Forward P/E ratio of 34.16. This expresses a premium compared to the average Forward P/E of 22.07 of its industry.
Also, we should mention that ISRG has a PEG ratio of 2.29. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The average PEG ratio for the Medical - Instruments industry stood at 2.33 at the close of the market yesterday.
The Medical - Instruments industry is part of the Medical sector. This group has a Zacks Industry Rank of 99, putting it in the top 41% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Intuitive Surgical, Inc. (ISRG): Free Stock Analysis Report
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