We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Here's What Key Metrics Tell Us About Intuitive Surgical, Inc. (ISRG) Q4 Earnings
Read MoreHide Full Article
Intuitive Surgical, Inc. (ISRG - Free Report) reported $1.93 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 16.5%. EPS of $1.60 for the same period compares to $1.23 a year ago.
The reported revenue represents a surprise of +0.02% over the Zacks Consensus Estimate of $1.93 billion. With the consensus EPS estimate being $1.47, the EPS surprise was +8.84%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Intuitive Surgical, Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Total System Units Placed - Total Company: 415 versus the six-analyst average estimate of 358.
Da Vinci Surgical System Installed Base: 8,606 compared to the 8,552 average estimate based on five analysts.
Total System Units Placed - United States: 209 compared to the 171 average estimate based on three analysts.
Total System Units Placed - Outside of the United States: 206 versus the two-analyst average estimate of 182.
Instruments and accessories Revenue- United States: $819.40 million versus the two-analyst average estimate of $810.74 million. The reported number represents a year-over-year change of +19.1%.
Systems Revenue- Outside of the United States: $242.30 million compared to the $205.38 million average estimate based on two analysts. The reported number represents a change of +12.2% year over year.
Instruments and accessories Revenue- Outside of the United States: $324.30 million versus the two-analyst average estimate of $303.01 million. The reported number represents a year-over-year change of +28.4%.
Systems Revenue- United States: $237.90 million versus the two-analyst average estimate of $241.45 million. The reported number represents a year-over-year change of +1.2%.
Revenue- Instruments and accessories: $1.14 billion versus the nine-analyst average estimate of $1.13 billion. The reported number represents a year-over-year change of +21.6%.
Revenue- Services: $304.40 million versus the nine-analyst average estimate of $299.79 million. The reported number represents a year-over-year change of +15.6%.
Revenue- Products (Instruments and Systems): $1.62 billion versus $1.55 billion estimated by nine analysts on average. Compared to the year-ago quarter, this number represents a +16.7% change.
Revenue- Systems: $480.20 million compared to the $416.25 million average estimate based on nine analysts. The reported number represents a change of +6.5% year over year.
Shares of Intuitive Surgical, Inc. have returned +11.8% over the past month versus the Zacks S&P 500 composite's +2.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Here's What Key Metrics Tell Us About Intuitive Surgical, Inc. (ISRG) Q4 Earnings
Intuitive Surgical, Inc. (ISRG - Free Report) reported $1.93 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 16.5%. EPS of $1.60 for the same period compares to $1.23 a year ago.
The reported revenue represents a surprise of +0.02% over the Zacks Consensus Estimate of $1.93 billion. With the consensus EPS estimate being $1.47, the EPS surprise was +8.84%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Intuitive Surgical, Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Total System Units Placed - Total Company: 415 versus the six-analyst average estimate of 358.
- Da Vinci Surgical System Installed Base: 8,606 compared to the 8,552 average estimate based on five analysts.
- Total System Units Placed - United States: 209 compared to the 171 average estimate based on three analysts.
- Total System Units Placed - Outside of the United States: 206 versus the two-analyst average estimate of 182.
- Instruments and accessories Revenue- United States: $819.40 million versus the two-analyst average estimate of $810.74 million. The reported number represents a year-over-year change of +19.1%.
- Systems Revenue- Outside of the United States: $242.30 million compared to the $205.38 million average estimate based on two analysts. The reported number represents a change of +12.2% year over year.
- Instruments and accessories Revenue- Outside of the United States: $324.30 million versus the two-analyst average estimate of $303.01 million. The reported number represents a year-over-year change of +28.4%.
- Systems Revenue- United States: $237.90 million versus the two-analyst average estimate of $241.45 million. The reported number represents a year-over-year change of +1.2%.
- Revenue- Instruments and accessories: $1.14 billion versus the nine-analyst average estimate of $1.13 billion. The reported number represents a year-over-year change of +21.6%.
- Revenue- Services: $304.40 million versus the nine-analyst average estimate of $299.79 million. The reported number represents a year-over-year change of +15.6%.
- Revenue- Products (Instruments and Systems): $1.62 billion versus $1.55 billion estimated by nine analysts on average. Compared to the year-ago quarter, this number represents a +16.7% change.
- Revenue- Systems: $480.20 million compared to the $416.25 million average estimate based on nine analysts. The reported number represents a change of +6.5% year over year.
View all Key Company Metrics for Intuitive Surgical, Inc. here>>>Shares of Intuitive Surgical, Inc. have returned +11.8% over the past month versus the Zacks S&P 500 composite's +2.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.