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Intuitive Surgical, Inc. (ISRG) Rises Higher Than Market: Key Facts
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Intuitive Surgical, Inc. (ISRG - Free Report) closed at $432.83 in the latest trading session, marking a +1.6% move from the prior day. This change outpaced the S&P 500's 0.72% gain on the day. At the same time, the Dow added 0.3%, and the tech-heavy Nasdaq gained 1.12%.
Coming into today, shares of the company had gained 0.94% in the past month. In that same time, the Medical sector gained 12.48%, while the S&P 500 lost 0.9%.
Investors will be eagerly watching for the performance of Intuitive Surgical, Inc. in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $2.48, marking a 13.24% rise compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $2.81 billion, showing a 15% escalation compared to the year-ago quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $10.41 per share and revenue of $11.72 billion, indicating changes of +16.57% and +16.47%, respectively, compared to the previous year.
Any recent changes to analyst estimates for Intuitive Surgical, Inc. should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. At present, Intuitive Surgical, Inc. boasts a Zacks Rank of #2 (Buy).
With respect to valuation, Intuitive Surgical, Inc. is currently being traded at a Forward P/E ratio of 40.93. This expresses a premium compared to the average Forward P/E of 25.13 of its industry.
We can additionally observe that ISRG currently boasts a PEG ratio of 2.86. 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. Medical - Instruments stocks are, on average, holding a PEG ratio of 2.28 based on yesterday's closing prices.
The Medical - Instruments industry is part of the Medical sector. Currently, this industry holds a Zacks Industry Rank of 159, positioning it in the bottom 36% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
View the Zacks #1 Rank List
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Intuitive Surgical, Inc. (ISRG) Rises Higher Than Market: Key Facts
Intuitive Surgical, Inc. (ISRG - Free Report) closed at $432.83 in the latest trading session, marking a +1.6% move from the prior day. This change outpaced the S&P 500's 0.72% gain on the day. At the same time, the Dow added 0.3%, and the tech-heavy Nasdaq gained 1.12%.
Coming into today, shares of the company had gained 0.94% in the past month. In that same time, the Medical sector gained 12.48%, while the S&P 500 lost 0.9%.
Investors will be eagerly watching for the performance of Intuitive Surgical, Inc. in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $2.48, marking a 13.24% rise compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $2.81 billion, showing a 15% escalation compared to the year-ago quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $10.41 per share and revenue of $11.72 billion, indicating changes of +16.57% and +16.47%, respectively, compared to the previous year.
Any recent changes to analyst estimates for Intuitive Surgical, Inc. should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. At present, Intuitive Surgical, Inc. boasts a Zacks Rank of #2 (Buy).
With respect to valuation, Intuitive Surgical, Inc. is currently being traded at a Forward P/E ratio of 40.93. This expresses a premium compared to the average Forward P/E of 25.13 of its industry.
We can additionally observe that ISRG currently boasts a PEG ratio of 2.86. 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. Medical - Instruments stocks are, on average, holding a PEG ratio of 2.28 based on yesterday's closing prices.
The Medical - Instruments industry is part of the Medical sector. Currently, this industry holds a Zacks Industry Rank of 159, positioning it in the bottom 36% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.