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Intuitive Surgical, Inc. (ISRG) Gains As Market Dips: What You Should Know
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Intuitive Surgical, Inc. (ISRG - Free Report) closed the most recent trading day at $332.98, moving +0.9% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.04%. Elsewhere, the Dow lost 0.22%, while the tech-heavy Nasdaq added 2.93%.
Coming into today, shares of the company had gained 7.47% in the past month. In that same time, the Medical sector gained 2.28%, while the S&P 500 gained 4.22%.
Wall Street will be looking for positivity from Intuitive Surgical, Inc. as it approaches its next earnings report date. This is expected to be July 20, 2023. On that day, Intuitive Surgical, Inc. is projected to report earnings of $1.32 per share, which would represent year-over-year growth of 15.79%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.73 billion, up 13.75% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.47 per share and revenue of $7.11 billion. These totals would mark changes of +16.88% and +14.34%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Intuitive Surgical, Inc.These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an 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. The Zacks Consensus EPS estimate has moved 0.03% higher within the past month. Intuitive Surgical, Inc. currently has a Zacks Rank of #4 (Sell).
Digging into valuation, Intuitive Surgical, Inc. currently has a Forward P/E ratio of 60.38. For comparison, its industry has an average Forward P/E of 30.46, which means Intuitive Surgical, Inc. is trading at a premium to the group.
Investors should also note that ISRG has a PEG ratio of 4.65 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Medical - Instruments stocks are, on average, holding a PEG ratio of 2.52 based on yesterday's closing prices.
The Medical - Instruments industry is part of the Medical sector. This industry currently has a Zacks Industry Rank of 112, which puts it in the top 45% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Intuitive Surgical, Inc. (ISRG) Gains As Market Dips: What You Should Know
Intuitive Surgical, Inc. (ISRG - Free Report) closed the most recent trading day at $332.98, moving +0.9% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.04%. Elsewhere, the Dow lost 0.22%, while the tech-heavy Nasdaq added 2.93%.
Coming into today, shares of the company had gained 7.47% in the past month. In that same time, the Medical sector gained 2.28%, while the S&P 500 gained 4.22%.
Wall Street will be looking for positivity from Intuitive Surgical, Inc. as it approaches its next earnings report date. This is expected to be July 20, 2023. On that day, Intuitive Surgical, Inc. is projected to report earnings of $1.32 per share, which would represent year-over-year growth of 15.79%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.73 billion, up 13.75% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.47 per share and revenue of $7.11 billion. These totals would mark changes of +16.88% and +14.34%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Intuitive Surgical, Inc.These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an 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. The Zacks Consensus EPS estimate has moved 0.03% higher within the past month. Intuitive Surgical, Inc. currently has a Zacks Rank of #4 (Sell).
Digging into valuation, Intuitive Surgical, Inc. currently has a Forward P/E ratio of 60.38. For comparison, its industry has an average Forward P/E of 30.46, which means Intuitive Surgical, Inc. is trading at a premium to the group.
Investors should also note that ISRG has a PEG ratio of 4.65 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Medical - Instruments stocks are, on average, holding a PEG ratio of 2.52 based on yesterday's closing prices.
The Medical - Instruments industry is part of the Medical sector. This industry currently has a Zacks Industry Rank of 112, which puts it in the top 45% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.