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Intuitive Surgical, Inc. (ISRG) Rises As Market Takes a Dip: Key Facts
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Intuitive Surgical, Inc. (ISRG - Free Report) ended the recent trading session at $377.94, demonstrating a +2.38% change from the preceding day's closing price. The stock's performance was ahead of the S&P 500's daily loss of 0.48%. Meanwhile, the Dow experienced a drop of 0.29%, and the technology-dominated Nasdaq saw a decrease of 0.56%.
Shares of the company have depreciated by 6.43% over the course of the past month, underperforming the Medical sector's loss of 2.01%, and the S&P 500's loss of 0.82%.
The investment community will be paying close attention to the earnings performance of Intuitive Surgical, Inc. in its upcoming release. The company is predicted to post an EPS of $2.61, indicating a 8.75% growth compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $2.88 billion, up 14.98% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $10.74 per share and a revenue of $11.74 billion, representing changes of +20.27% and +16.67%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Intuitive Surgical, Inc. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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. Over the past month, the Zacks Consensus EPS estimate has shifted 0.35% downward. Intuitive Surgical, Inc. is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note Intuitive Surgical, Inc.'s current valuation metrics, including its Forward P/E ratio of 34.39. This valuation marks a premium compared to its industry average Forward P/E of 21.78.
It's also important to note that ISRG currently trades at a PEG ratio of 2.3. 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. As of the close of trade yesterday, the Medical - Instruments industry held an average PEG ratio of 2.26.
The Medical - Instruments industry is part of the Medical sector. This group has a Zacks Industry Rank of 157, putting it in the bottom 37% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
View the Zacks #1 Rank List
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Intuitive Surgical, Inc. (ISRG) Rises As Market Takes a Dip: Key Facts
Intuitive Surgical, Inc. (ISRG - Free Report) ended the recent trading session at $377.94, demonstrating a +2.38% change from the preceding day's closing price. The stock's performance was ahead of the S&P 500's daily loss of 0.48%. Meanwhile, the Dow experienced a drop of 0.29%, and the technology-dominated Nasdaq saw a decrease of 0.56%.
Shares of the company have depreciated by 6.43% over the course of the past month, underperforming the Medical sector's loss of 2.01%, and the S&P 500's loss of 0.82%.
The investment community will be paying close attention to the earnings performance of Intuitive Surgical, Inc. in its upcoming release. The company is predicted to post an EPS of $2.61, indicating a 8.75% growth compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $2.88 billion, up 14.98% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $10.74 per share and a revenue of $11.74 billion, representing changes of +20.27% and +16.67%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Intuitive Surgical, Inc. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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. Over the past month, the Zacks Consensus EPS estimate has shifted 0.35% downward. Intuitive Surgical, Inc. is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note Intuitive Surgical, Inc.'s current valuation metrics, including its Forward P/E ratio of 34.39. This valuation marks a premium compared to its industry average Forward P/E of 21.78.
It's also important to note that ISRG currently trades at a PEG ratio of 2.3. 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. As of the close of trade yesterday, the Medical - Instruments industry held an average PEG ratio of 2.26.
The Medical - Instruments industry is part of the Medical sector. This group has a Zacks Industry Rank of 157, putting it in the bottom 37% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.