Can Intuitive Surgical (ISRG) Run Higher on Rising Earnings Estimates?

Core Viewpoint - Intuitive Surgical, Inc. (ISRG) is experiencing a positive trend in earnings estimates, which is likely to continue driving stock price momentum [1][2]. Current-Quarter Estimate Revisions - The expected earnings for the current quarter are $1.65 per share, reflecting a year-over-year increase of +13.01% [3]. - The Zacks Consensus Estimate has risen by 6.14% over the last 30 days, with 10 estimates increasing and no negative revisions [3]. Current-Year Estimate Revisions - For the full year, the expected earnings are$ 6.67 per share, indicating a year-over-year change of +16.81% [4]. - The consensus estimate has increased by 8.9% over the past month, with 11 estimates moving higher and no negative revisions [4]. Favorable Zacks Rank - Intuitive Surgical has achieved a Zacks Rank 1 (Strong Buy) due to the positive estimate revisions, which historically correlate with strong stock performance [5]. - Stocks with Zacks Rank 1 and 2 have shown significant outperformance compared to the S&P 500 [5]. Bottom Line - Intuitive Surgical shares have increased by 6.5% over the past four weeks, indicating investor confidence in its earnings growth prospects [6].