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Intuitive(ISRG) - 2024 Q1 - Quarterly Results
2024-04-18 20:04
Exhibit 99.1 Contact: Investor Relations (408) 523-2161 INTUITIVE ANNOUNCES FIRST QUARTER EARNINGS SUNNYVALE, CALIF. April 18, 2024 – Intuitive (the “Company”) (Nasdaq: ISRG), a global technology leader in minimally invasive care and the pioneer of robotic-assisted surgery, today announced financial results for the quarter ended March 31, 2024. Q1 Highlights • Worldwide da Vinci procedures grew approximately 16% compared with the first quarter of 2023. • The Company placed 313 da Vinci surgical systems, com ...
Big-Picture Investing as Q1 Earnings Loom: Stocks to Watch
Zacks Investment Research· 2024-04-18 18:26
“Past performance is not indicative of future results.”We’ve all heard this common disclosure in the financial industry.The truth is nothing is guaranteed. Stocks can experience drastic price moves – both positive and negative – in a very small window of time.In the financial markets, history rarely repeats itself exactly – but it often rhymes. And while past performance certainly can’t predict the future, we are privileged to have many decades of market statistics that can guide us in the current environme ...
Is a Beat Likely for Intuitive Surgical (ISRG) in Q1 Earnings?
Zacks Investment Research· 2024-04-16 19:06
Intuitive Surgical, Inc. (ISRG) is scheduled to release first-quarter 2024 results on Apr 18, after the closing bell.The company’s shares have risen 11.9% year to date compared with the industry’s 4.8% growth. The S&P 500 Index has gained 7.7% in the same time frame.In the last reported quarter, ISRG delivered an earnings surprise of 8.84%. Its earnings beat estimates in each of the trailing four quarters, delivering an average surprise of 5.83%.Image Source: Zacks Investment ResearchQ1 EstimatesThe Zacks C ...
Is Intuitive Surgical (ISRG) a Buy as Wall Street Analysts Look Optimistic?
Zacks Investment Research· 2024-04-16 14:31
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Let's take a look at what these Wall Street heavyweights have to say about Intuitive Surgical, Inc. (ISRG) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Intuitive Surgical current ...
Intuitive Surgical, Inc. (ISRG) Reports Next Week: Wall Street Expects Earnings Growth
Zacks Investment Research· 2024-04-11 15:06
Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for Intuitive Surgical, Inc. (ISRG) driven by higher revenues, with the actual results being crucial for stock price movement [1] Earnings Expectations - The upcoming earnings report is expected to show quarterly earnings of $1.40 per share, reflecting a year-over-year increase of +13.8% [2] - Revenues are projected to reach $1.86 billion, representing a 9.9% increase from the same quarter last year [2] Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, indicating stability in analyst expectations [3] Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that the Most Accurate Estimate for Intuitive Surgical is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +6.50% [4][6] - A positive Earnings ESP is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [5] Historical Performance - In the last reported quarter, Intuitive Surgical exceeded the expected earnings of $1.47 per share by delivering $1.60, resulting in a surprise of +8.84% [7] - The company has beaten consensus EPS estimates in the last four quarters [7] Conclusion - Intuitive Surgical is positioned as a compelling candidate for an earnings beat, although other factors should also be considered before making investment decisions [8]
If You Can Only Buy One Robotics Stock in April, It Better Be One of These 3 Names
InvestorPlace· 2024-04-10 21:30
Robotics stocks are becoming favorites among investors looking to buy quality, undervalued picks this season, thanks to the emergence of generative AI in 2024. The sound of robotics is not music to everyone’s ears — there is anxiety of what will happen to the job in these industries. However, rather than eliminating any jobs, it can enhance the work rate of a mediocre performer in a high-risk area like surgery. People will quote a Brookings survey when speaking to you about a potential robot takeover. The s ...
Why Intuitive Surgical, Inc. (ISRG) Outpaced the Stock Market Today
Zacks Investment Research· 2024-04-09 23:06
Intuitive Surgical, Inc. (ISRG) closed the most recent trading day at $390.96, moving +1.04% from the previous trading session. The stock's performance was ahead of the S&P 500's daily gain of 0.15%. Meanwhile, the Dow experienced a drop of 0.02%, and the technology-dominated Nasdaq saw an increase of 0.32%.Prior to today's trading, shares of the company had gained 2.12% over the past month. This has outpaced the Medical sector's loss of 4.03% and the S&P 500's gain of 1.65% in that time.Market participants ...
Intuitive Surgical Stock Has 20% Upside, According to 1 Wall Street Analyst. Is the Stock a Buy Near Its All-Time High?
The Motley Fool· 2024-04-04 14:52
A price target of $462 might seem ambitious, but it certainly seems achievable.When it comes to robotic-assisted surgery, no one holds a candle to Intuitive Surgical (ISRG 0.28%), a technological leader and pioneer in the field. The company's da Vinci platform is the gold standard in robot-assisted laparoscopic surgery. Being at the top of its field has been lucrative for investors, as the stock has surged 51% over the past year.One Wall Street analyst believes there's still plenty of upside ahead.Numerous ...
Intuitive Surgical, Inc. (ISRG) Outperforms Broader Market: What You Need to Know
Zacks Investment Research· 2024-04-03 23:06
In the latest trading session, Intuitive Surgical, Inc. (ISRG) closed at $383.42, marking a +0.28% move from the previous day. The stock's change was more than the S&P 500's daily gain of 0.11%. At the same time, the Dow lost 0.11%, and the tech-heavy Nasdaq gained 0.23%.The company's stock has dropped by 1.28% in the past month, exceeding the Medical sector's loss of 1.51% and lagging the S&P 500's gain of 1.5%.The investment community will be paying close attention to the earnings performance of Intuitive ...
If You Invested $5000 In Intuitive Surgical 10 Years Ago, This Is How Rich You Would Be Today
24/7 Wall Street· 2024-04-02 16:45
If You Invested $5000 In Intuitive Surgical 10 Years Ago, This Is How Rich You Would Be Today VCG / Getty Images One of the time-tested investment methods is the “buy and hold strategy”. Popularized by investment guru Warren Buffett, this strategy attempts to take emotion out of market peaks and valleys, and relies on holding the stock while the fundamentals of the company’s finances, management, and business model all remain solid, so that the underlying value will be recognized. 24/7 Wall St. has tracke ...