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Intuitive Surgical, Inc. (ISRG) Rises Higher Than Market: Key Facts
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In the latest close session, Intuitive Surgical, Inc. (ISRG - Free Report) was up +1.82% at $447.23. The stock's performance was ahead of the S&P 500's daily gain of 0.41%. At the same time, the Dow added 0.18%, and the tech-heavy Nasdaq gained 0.31%.
Prior to today's trading, shares of the company had lost 7.2% lagged the Medical sector's loss of 0.38% and the S&P 500's gain of 3.15%.
Analysts and investors alike will be keeping a close eye on the performance of Intuitive Surgical, Inc. in its upcoming earnings disclosure. The company's upcoming EPS is projected at $1.99, signifying a 8.15% increase compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.41 billion, up 18.2% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $8.17 per share and revenue of $9.78 billion, indicating changes of +11.31% and +17.06%, respectively, compared to the previous year.
It is also important to note the recent changes to analyst estimates for Intuitive Surgical, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.03% lower. As of now, Intuitive Surgical, Inc. holds a Zacks Rank of #4 (Sell).
In the context of valuation, Intuitive Surgical, Inc. is at present trading with a Forward P/E ratio of 53.77. This indicates a premium in contrast to its industry's Forward P/E of 23.98.
Meanwhile, ISRG's PEG ratio is currently 3.69. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. Medical - Instruments stocks are, on average, holding a PEG ratio of 2.48 based on yesterday's closing prices.
The Medical - Instruments industry is part of the Medical sector. This group has a Zacks Industry Rank of 74, putting it in the top 30% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Intuitive Surgical, Inc. (ISRG) Rises Higher Than Market: Key Facts
In the latest close session, Intuitive Surgical, Inc. (ISRG - Free Report) was up +1.82% at $447.23. The stock's performance was ahead of the S&P 500's daily gain of 0.41%. At the same time, the Dow added 0.18%, and the tech-heavy Nasdaq gained 0.31%.
Prior to today's trading, shares of the company had lost 7.2% lagged the Medical sector's loss of 0.38% and the S&P 500's gain of 3.15%.
Analysts and investors alike will be keeping a close eye on the performance of Intuitive Surgical, Inc. in its upcoming earnings disclosure. The company's upcoming EPS is projected at $1.99, signifying a 8.15% increase compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.41 billion, up 18.2% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $8.17 per share and revenue of $9.78 billion, indicating changes of +11.31% and +17.06%, respectively, compared to the previous year.
It is also important to note the recent changes to analyst estimates for Intuitive Surgical, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.03% lower. As of now, Intuitive Surgical, Inc. holds a Zacks Rank of #4 (Sell).
In the context of valuation, Intuitive Surgical, Inc. is at present trading with a Forward P/E ratio of 53.77. This indicates a premium in contrast to its industry's Forward P/E of 23.98.
Meanwhile, ISRG's PEG ratio is currently 3.69. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. Medical - Instruments stocks are, on average, holding a PEG ratio of 2.48 based on yesterday's closing prices.
The Medical - Instruments industry is part of the Medical sector. This group has a Zacks Industry Rank of 74, putting it in the top 30% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.