Intuitive Surgical, Inc. (ISRG) ended the recent trading session at $566.89, demonstrating a -1.47% change from the preceding day's closing price. This change lagged the S&P 500's daily loss of 0.35%. Meanwhile, the Dow experienced a drop of 0.45%, and the technology-dominated Nasdaq saw a decrease of 0.14%.
The company's stock has climbed by 2.74% in the past month, falling short of the Medical sector's gain of 5.67% and outpacing the S&P 500's gain of 1.2%.
The investment community will be closely monitoring the performance of Intuitive Surgical, Inc. in its forthcoming earnings report. On that day, Intuitive Surgical, Inc. is projected to report earnings of $2.25 per share, which would represent year-over-year growth of 1.81%. In the meantime, our current consensus estimate forecasts the revenue to be $2.72 billion, indicating a 12.59% growth compared to the corresponding quarter of the prior year.
ISRG's full-year Zacks Consensus Estimates are calling for earnings of $8.61 per share and revenue of $9.92 billion. These results would represent year-over-year changes of +17.3% and +18.72%, respectively.
It's also important for investors to be aware of any recent modifications to analyst estimates for Intuitive Surgical, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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 last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. As of now, Intuitive Surgical, Inc. holds a Zacks Rank of #1 (Strong Buy).
Looking at its valuation, Intuitive Surgical, Inc. is holding a Forward P/E ratio of 66.84. This represents a premium compared to its industry average Forward P/E of 25.99.
We can also see that ISRG currently has a PEG ratio of 4.26. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As of the close of trade yesterday, the Medical - Instruments industry held an average PEG ratio of 2.3.
The Medical - Instruments industry is part of the Medical sector. This industry currently has a Zacks Industry Rank of 99, which puts it in the top 41% 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Intuitive Surgical, Inc. (ISRG): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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