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Intuitive Surgical (ISRG) Moves 14.3% Higher: Will This Strength Last?
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Intuitive Surgical, Inc. (ISRG - Free Report) shares soared 14.3% in the last trading session to close at $522.95. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 7.3% loss over the past four weeks.
The upside can be attributed to relief-rally across global markets following the announcement of a 90-day pause on tariff hike by the United States.
This company is expected to post quarterly earnings of $1.71 per share in its upcoming report, which represents a year-over-year change of +14%. Revenues are expected to be $2.18 billion, up 15.4% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Intuitive Surgical, the consensus EPS estimate for the quarter has been revised marginally higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on ISRG going forward to see if this recent jump can turn into more strength down the road.
Intuitive Surgical is part of the Zacks Medical - Instruments industry. Steris (STE - Free Report) , another stock in the same industry, closed the last trading session 6.9% higher at $222.94. STE has returned -8.6% in the past month.
For Steris, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $2.58. This represents a change of +7.1% from what the company reported a year ago. Steris currently has a Zacks Rank of #3 (Hold).
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Intuitive Surgical (ISRG) Moves 14.3% Higher: Will This Strength Last?
Intuitive Surgical, Inc. (ISRG - Free Report) shares soared 14.3% in the last trading session to close at $522.95. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 7.3% loss over the past four weeks.
The upside can be attributed to relief-rally across global markets following the announcement of a 90-day pause on tariff hike by the United States.
This company is expected to post quarterly earnings of $1.71 per share in its upcoming report, which represents a year-over-year change of +14%. Revenues are expected to be $2.18 billion, up 15.4% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Intuitive Surgical, the consensus EPS estimate for the quarter has been revised marginally higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on ISRG going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Intuitive Surgical is part of the Zacks Medical - Instruments industry. Steris (STE - Free Report) , another stock in the same industry, closed the last trading session 6.9% higher at $222.94. STE has returned -8.6% in the past month.
For Steris, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $2.58. This represents a change of +7.1% from what the company reported a year ago. Steris currently has a Zacks Rank of #3 (Hold).