Earnings and Growth Analysis : Intuitive Surgical (NASDAQ:ISRG)

Earnings results for Intuitive Surgical (NASDAQ:ISRG)

Intuitive Surgical, Inc. is expected* to report earnings on 04/20/2021 after market close. The report will be for the fiscal Quarter ending Mar 2021. According to Zacks Investment Research, based on 3 analysts’ forecasts, the consensus EPS forecast for the quarter is $2.05. The reported EPS for the same quarter last year was $2.62.

Intuitive Surgical last announced its earnings data on January 20th, 2021. The medical equipment provider reported $3.58 earnings per share for the quarter, topping analysts’ consensus estimates of $3.12 by $0.46. The business earned $1.33 billion during the quarter, compared to analysts’ expectations of $1.25 billion. Intuitive Surgical has generated $9.95 earnings per share over the last year and currently has a price-to-earnings ratio of 92.4. Intuitive Surgical has confirmed that its next quarterly earnings report will be published on Tuesday, April 20th, 2021.

Analyst Opinion on Intuitive Surgical (NASDAQ:ISRG)

20 Wall Street analysts have issued ratings and price targets for Intuitive Surgical in the last 12 months. Their average twelve-month price target is $750.94, predicting that the stock has a possible downside of 7.43%. The high price target for ISRG is $879.00 and the low price target for ISRG is $410.00. There are currently 1 sell rating, 8 hold ratings and 11 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Intuitive Surgical has received a consensus rating of Hold. The company’s average rating score is 2.43, and is based on 11 buy ratings, 8 hold ratings, and 2 sell ratings. According to analysts’ consensus price target of $750.94, Intuitive Surgical has a forecasted downside of 7.4% from its current price of $811.19. Intuitive Surgical has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: Intuitive Surgical (NASDAQ:ISRG)

Intuitive Surgical does not currently pay a dividend. Intuitive Surgical does not have a long track record of dividend growth.

Insiders buying/selling: Intuitive Surgical (NASDAQ:ISRG)

In the past three months, Intuitive Surgical insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $22,162,955.00 in company stock. Only 1.60% of the stock of Intuitive Surgical is held by insiders. 86.50% of the stock of Intuitive Surgical is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Intuitive Surgical (NASDAQ:ISRG

Earnings for Intuitive Surgical are expected to grow by 29.18% in the coming year, from $8.02 to $10.36 per share. The P/E ratio of Intuitive Surgical is 92.39, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 23.65. The P/E ratio of Intuitive Surgical is 92.39, which means that it is trading at a more expensive P/E ratio than the Medical sector average P/E ratio of about 44.49. Intuitive Surgical has a PEG Ratio of 8.96. PEG Ratios above 1 indicate that a company could be overvalued. Intuitive Surgical has a P/B Ratio of 11.36. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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