Intuitive Surgical, Inc. (ISRG) Flat As Market Sinks: What You Should Know

Company Performance - Intuitive Surgical, Inc. (ISRG) closed at 484.39, showing no change from the previous session, outperforming the S&P 500 which lost 0.19% [1] - The stock has increased by 0.43% over the past month, while the Medical sector declined by 1.58% and the S&P 500 gained 1.95% [1] - Upcoming earnings report is scheduled for October 17, 2024, with projected EPS of 1.65, a 13.01% increase year-over-year, and anticipated revenue of $2.02 billion, reflecting a 15.57$6.67 per share and revenue of $8.1 billion, representing increases of 16.81% and 13.69% respectively from the prior year [2] Analyst Estimates and Valuation - Recent changes to analyst estimates indicate short-term business trends, with positive revisions suggesting optimism about the company's outlook [2] - The Zacks Rank system currently rates Intuitive Surgical, Inc. at 3 (Hold), with a Forward P/E ratio of 72.67, significantly higher than the industry average of 27.25 [3] - The company has a PEG ratio of 4.18, compared to the Medical - Instruments industry's average PEG ratio of 2.23 [3] Industry Overview - The Medical - Instruments industry is part of the Medical sector and holds a Zacks Industry Rank of 72, placing it in the top 29% of over 250 industries [4] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [4]