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Intuitive Surgical, Inc. (ISRG) Stock Moves -0.74%: What You Should Know
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Intuitive Surgical, Inc. (ISRG - Free Report) closed the most recent trading day at $273.69, moving -0.74% from the previous trading session. This move was narrower than the S&P 500's daily loss of 1.3%. At the same time, the Dow lost 0.69%, and the tech-heavy Nasdaq lost 0.45%.
Prior to today's trading, shares of the company had lost 5.73% over the past month. This has lagged the Medical sector's loss of 2.43% and the S&P 500's loss of 5.33% in that time.
Intuitive Surgical, Inc. will be looking to display strength as it nears its next earnings release, which is expected to be April 21, 2022. On that day, Intuitive Surgical, Inc. is projected to report earnings of $1.07 per share, which would represent a year-over-year decline of 8.55%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.44 billion, up 11.79% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.87 per share and revenue of $6.34 billion. These totals would mark changes of -1.81% and +11.11%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Intuitive Surgical, Inc.These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Intuitive Surgical, Inc. is currently sporting a Zacks Rank of #4 (Sell).
Looking at its valuation, Intuitive Surgical, Inc. is holding a Forward P/E ratio of 56.65. Its industry sports an average Forward P/E of 31.77, so we one might conclude that Intuitive Surgical, Inc. is trading at a premium comparatively.
Meanwhile, ISRG's PEG ratio is currently 5.66. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Medical - Instruments was holding an average PEG ratio of 2.96 at yesterday's closing price.
The Medical - Instruments industry is part of the Medical sector. This group has a Zacks Industry Rank of 179, putting it in the bottom 30% 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.
To follow ISRG in the coming trading sessions, be sure to utilize Zacks.com.
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Intuitive Surgical, Inc. (ISRG) Stock Moves -0.74%: What You Should Know
Intuitive Surgical, Inc. (ISRG - Free Report) closed the most recent trading day at $273.69, moving -0.74% from the previous trading session. This move was narrower than the S&P 500's daily loss of 1.3%. At the same time, the Dow lost 0.69%, and the tech-heavy Nasdaq lost 0.45%.
Prior to today's trading, shares of the company had lost 5.73% over the past month. This has lagged the Medical sector's loss of 2.43% and the S&P 500's loss of 5.33% in that time.
Intuitive Surgical, Inc. will be looking to display strength as it nears its next earnings release, which is expected to be April 21, 2022. On that day, Intuitive Surgical, Inc. is projected to report earnings of $1.07 per share, which would represent a year-over-year decline of 8.55%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.44 billion, up 11.79% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.87 per share and revenue of $6.34 billion. These totals would mark changes of -1.81% and +11.11%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Intuitive Surgical, Inc.These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Intuitive Surgical, Inc. is currently sporting a Zacks Rank of #4 (Sell).
Looking at its valuation, Intuitive Surgical, Inc. is holding a Forward P/E ratio of 56.65. Its industry sports an average Forward P/E of 31.77, so we one might conclude that Intuitive Surgical, Inc. is trading at a premium comparatively.
Meanwhile, ISRG's PEG ratio is currently 5.66. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Medical - Instruments was holding an average PEG ratio of 2.96 at yesterday's closing price.
The Medical - Instruments industry is part of the Medical sector. This group has a Zacks Industry Rank of 179, putting it in the bottom 30% 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.
To follow ISRG in the coming trading sessions, be sure to utilize Zacks.com.