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Here's Why You Should Invest in Intuitive Surgical (ISRG) Now
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Intuitive Surgical, Inc. (ISRG - Free Report) is well-poised for growth on improving adoption of da Vinci Surgical System, strong international presence and robust recurring revenue base.
Shares the company have gained 51.2% compared with the industry’s growth of 19.1% in a year’s time. Meanwhile, the S&P 500 Index has rallied 40.6% in the same time frame.
The company, with a market capitalization of $102.34 billion, designs, manufactures and markets the da Vinci surgical system and related instruments and accessories. Notably, the da Vinci surgical system is an advanced robot-assisted surgical system. It anticipates earnings to improve 9.4% over the next five years. Moreover, it has beat estimates in each of the trailing four quarters, the average surprise being 78.8%.
Image Source: Zacks Investment Research
Let’s take a closer look at the factors that substantiate the company’s Zacks Rank #1 (Strong Buy).
What’s Favoring the Stock?
Intuitive Surgical’s robot-based da Vinci surgical system enables minimally-invasive surgery, which reduces risks associated with open surgery. The company continues to gain from this system, which in turn bolsters overall performance.
On an overall basis, the recovery of procedures happened gradually during third-quarter 2020 and attained approximately 90% of pre-COVID-19 levels by the end of that quarter. Notably, in the first quarter of 2021, da Vinci procedures grew 16%. Moreover, Intuitive Surgical placed 6,142 da Vinci surgical systems in the first quarter, with the installed base growing 8% year over year.
With respect to digital capabilities, the company’s My Intuitive, which is a mobile app enabling surgeons to manage their da Vinci experience, log into da Vinci systems, manage their training and view their operative data from the palm of their hand, has been helping amid this public health crisis.
The company’s Intuitive telepresence program supported 45% of all case observations in first-quarter 2021, up from less than 5% in the prior year — a substantial achievement that was accelerated by the pandemic. This. in turn, lowered the costs of the team at Intuitive Surgical, while boosting convenience for its customers. On a year-over-year basis, surgical stimulation usage increased around 46%, thereby validating the strength of digital tools.
The company is gradually gaining prominence in markets outside the United States. Outside the United States, revenues totaled $444.6 million, up 39.8% on a year-over-year basis. Outside the United States, the company placed 108 systems in the first quarter compared with 55 in the prior-year quarter. Of these, 59 were in Europe, eight in Japan and 23 in China.
Which Way Are Estimates Headed?
For 2021, the Zacks Consensus Estimate for revenues is pegged at $5.31 billion, indicating growth of 21.7% from the prior-year quarter. The same for earnings stands at $13.58 per share, suggesting an improvement of 33.7% from the year-ago reported figure.
HCA Healthcare’s long-term earnings growth rate is expected at 12.3%.
DaVita’s long-term earnings growth rate is estimated at 14.4%.
Encompass Health’s long-term earnings growth rate is projected at 17.3%.
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Image: Bigstock
Here's Why You Should Invest in Intuitive Surgical (ISRG) Now
Intuitive Surgical, Inc. (ISRG - Free Report) is well-poised for growth on improving adoption of da Vinci Surgical System, strong international presence and robust recurring revenue base.
Shares the company have gained 51.2% compared with the industry’s growth of 19.1% in a year’s time. Meanwhile, the S&P 500 Index has rallied 40.6% in the same time frame.
The company, with a market capitalization of $102.34 billion, designs, manufactures and markets the da Vinci surgical system and related instruments and accessories. Notably, the da Vinci surgical system is an advanced robot-assisted surgical system. It anticipates earnings to improve 9.4% over the next five years. Moreover, it has beat estimates in each of the trailing four quarters, the average surprise being 78.8%.
Let’s take a closer look at the factors that substantiate the company’s Zacks Rank #1 (Strong Buy).
What’s Favoring the Stock?
Intuitive Surgical’s robot-based da Vinci surgical system enables minimally-invasive surgery, which reduces risks associated with open surgery. The company continues to gain from this system, which in turn bolsters overall performance.
On an overall basis, the recovery of procedures happened gradually during third-quarter 2020 and attained approximately 90% of pre-COVID-19 levels by the end of that quarter. Notably, in the first quarter of 2021, da Vinci procedures grew 16%. Moreover, Intuitive Surgical placed 6,142 da Vinci surgical systems in the first quarter, with the installed base growing 8% year over year.
With respect to digital capabilities, the company’s My Intuitive, which is a mobile app enabling surgeons to manage their da Vinci experience, log into da Vinci systems, manage their training and view their operative data from the palm of their hand, has been helping amid this public health crisis.
The company’s Intuitive telepresence program supported 45% of all case observations in first-quarter 2021, up from less than 5% in the prior year — a substantial achievement that was accelerated by the pandemic. This. in turn, lowered the costs of the team at Intuitive Surgical, while boosting convenience for its customers. On a year-over-year basis, surgical stimulation usage increased around 46%, thereby validating the strength of digital tools.
The company is gradually gaining prominence in markets outside the United States. Outside the United States, revenues totaled $444.6 million, up 39.8% on a year-over-year basis. Outside the United States, the company placed 108 systems in the first quarter compared with 55 in the prior-year quarter. Of these, 59 were in Europe, eight in Japan and 23 in China.
Which Way Are Estimates Headed?
For 2021, the Zacks Consensus Estimate for revenues is pegged at $5.31 billion, indicating growth of 21.7% from the prior-year quarter. The same for earnings stands at $13.58 per share, suggesting an improvement of 33.7% from the year-ago reported figure.
Other Stocks to Consider
Some other top-ranked stocks from the broader medical space are HCA Healthcare, Inc. (HCA - Free Report) , DaVita Inc. (DVA - Free Report) and Encompass Health Corporation (EHC - Free Report) , each currently carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
HCA Healthcare’s long-term earnings growth rate is expected at 12.3%.
DaVita’s long-term earnings growth rate is estimated at 14.4%.
Encompass Health’s long-term earnings growth rate is projected at 17.3%.
Bitcoin, Like the Internet Itself, Could Change Everything
Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities.
Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly.
See 3 crypto-related stocks now >>