Intuitive Surgical Earnings: What To Look For From ISRG
Medical technology company Intuitive Surgical (NASDAQ:ISRG) will be announcing earnings results this Tuesday after market hours. Here’s what investors should know.
Intuitive Surgical beat analysts’ revenue expectations last quarter, reporting revenues of $2.89 billion, up 18.5% year on year. It was a very strong quarter for the company, with a beat of analysts’ EPS estimates.
Is Intuitive Surgical a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Intuitive Surgical’s revenue to grow 15.6% year on year, slowing from the 22.9% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Intuitive Surgical has a history of exceeding Wall Street’s expectations.
Looking at Intuitive Surgical’s peers in the healthcare equipment and supplies segment, only Neogen has reported results so far. It exceeded analysts’ revenue estimates, delivering year-on-year sales growth of 6.5%. The stock was down 2.3% on the results.
Read our full analysis of Neogen’s earnings results here.Investors in the healthcare equipment and supplies segment have had steady hands going into earnings, with share prices flat over the last month. Intuitive Surgical is up 5.8% during the same time and is heading into earnings with an average analyst price target of $478.53 (compared to the current share price of $425.00).
ALSO WORTH WATCHING: Nvidia’s Quiet Partner. Nvidia’s chips cost a hundred grand. The connectors that make them work cost even more. One company makes them all.
Every AI server needs specialized infrastructure the chip companies don’t make. High-speed cables. Power connectors. Thermal sensors. This 90-year-old company built a monopoly on it. The AI boom just started. This stock is still flying under the radar. Claim The Stock Ticker Here for FREE.