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Intuitive Surgical, Inc. (ISRG) Stock Moves -0.39%: What You Should Know
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Intuitive Surgical, Inc. (ISRG - Free Report) closed at $280.65 in the latest trading session, marking a -0.39% move from the prior day. This move was narrower than the S&P 500's daily loss of 0.61%. Meanwhile, the Dow lost 0.42%, and the Nasdaq, a tech-heavy index, added 0.17%.
Heading into today, shares of the company had gained 6.65% over the past month, outpacing the Medical sector's gain of 5.48% and the S&P 500's gain of 0.89% in that time.
Intuitive Surgical, Inc. will be looking to display strength as it nears its next earnings release. On that day, Intuitive Surgical, Inc. is projected to report earnings of $1.26 per share, which would represent a year-over-year decline of 3.08%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.68 billion, up 8.06% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.71 per share and revenue of $6.24 billion. These totals would mark changes of -5.04% and +9.33%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Intuitive Surgical, Inc.These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 1.34% lower. Intuitive Surgical, Inc. currently has a Zacks Rank of #3 (Hold).
Digging into valuation, Intuitive Surgical, Inc. currently has a Forward P/E ratio of 59.87. Its industry sports an average Forward P/E of 29.41, so we one might conclude that Intuitive Surgical, Inc. is trading at a premium comparatively.
It is also worth noting that ISRG currently has a PEG ratio of 4.99. 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. ISRG's industry had an average PEG ratio of 2.35 as of yesterday's close.
The Medical - Instruments industry is part of the Medical sector. This group has a Zacks Industry Rank of 90, putting it in the top 36% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Intuitive Surgical, Inc. (ISRG) Stock Moves -0.39%: What You Should Know
Intuitive Surgical, Inc. (ISRG - Free Report) closed at $280.65 in the latest trading session, marking a -0.39% move from the prior day. This move was narrower than the S&P 500's daily loss of 0.61%. Meanwhile, the Dow lost 0.42%, and the Nasdaq, a tech-heavy index, added 0.17%.
Heading into today, shares of the company had gained 6.65% over the past month, outpacing the Medical sector's gain of 5.48% and the S&P 500's gain of 0.89% in that time.
Intuitive Surgical, Inc. will be looking to display strength as it nears its next earnings release. On that day, Intuitive Surgical, Inc. is projected to report earnings of $1.26 per share, which would represent a year-over-year decline of 3.08%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.68 billion, up 8.06% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.71 per share and revenue of $6.24 billion. These totals would mark changes of -5.04% and +9.33%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Intuitive Surgical, Inc.These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 1.34% lower. Intuitive Surgical, Inc. currently has a Zacks Rank of #3 (Hold).
Digging into valuation, Intuitive Surgical, Inc. currently has a Forward P/E ratio of 59.87. Its industry sports an average Forward P/E of 29.41, so we one might conclude that Intuitive Surgical, Inc. is trading at a premium comparatively.
It is also worth noting that ISRG currently has a PEG ratio of 4.99. 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. ISRG's industry had an average PEG ratio of 2.35 as of yesterday's close.
The Medical - Instruments industry is part of the Medical sector. This group has a Zacks Industry Rank of 90, putting it in the top 36% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.