Here's Why Intuitive Surgical, Inc. (ISRG) Gained But Lagged the Market Today

Company Performance - Intuitive Surgical, Inc. (ISRG) closed at $490.01, with a daily increase of +1.64%, underperforming the S&P 500's gain of 1.7% [1] - Over the past month, ISRG shares have depreciated by 1.09%, while the Medical sector gained 1.53% and the S&P 500 gained 1.27% [1] - The upcoming earnings report is scheduled for October 17, 2024, with an expected EPS of$ 1.65, indicating a growth of 13.01% year-over-year, and projected revenue of $2.02 billion, reflecting a 15.57% increase [1] Full Year Estimates - Zacks Consensus Estimates predict earnings of$ 6.67 per share and revenue of $8.1 billion for the full year, representing changes of +16.81% and +13.69% from the previous year [2] - Recent changes to analyst estimates indicate short-term business trends, with positive revisions reflecting optimism about the company's profitability [2] Valuation Metrics - Intuitive Surgical, Inc. currently has a Zacks Rank of 3 (Hold), with no change in the consensus EPS estimate over the past month [3] - The company is trading at a Forward P/E ratio of 72.33, significantly higher than the industry average of 27.21 [3] - The PEG ratio for ISRG is 4.16, compared to the Medical - Instruments industry's average PEG ratio of 2.19 [3] Industry Overview - The Medical - Instruments industry is part of the Medical sector and holds a Zacks Industry Rank of 65, placing it in the top 26% of over 250 industries [4] - The Zacks Industry Rank indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [4]