Intuitive Surgical, Inc. (ISRG) Registers a Bigger Fall Than the Market: Important Facts to Note

Company Performance - Intuitive Surgical, Inc. (ISRG) closed at $484.76, reflecting a -1.33% change from the previous day's close, underperforming the S&P 500's daily loss of 0.93% [1] - Over the past month, ISRG shares have decreased by 0.28%, while the Medical sector has declined by 3.08% and the S&P 500 has increased by 2.17% [1] - The upcoming earnings report is scheduled for October 17, 2024, with expected EPS of $1.65, representing a 13.01% increase year-over-year, and projected revenue of $2.02 billion, indicating a 15.57% rise from the same quarter last year [1] Annual Forecast - Zacks Consensus Estimates predict earnings of $6.67 per share and revenue of $8.1 billion for the year, showing increases of +16.81% and +13.69% respectively compared to the previous year [2] - Changes in analyst estimates are crucial as they reflect the evolving business trends, with upward revisions indicating positive sentiment towards the company's operations [2] Valuation Metrics - Intuitive Surgical, Inc. has a Forward P/E ratio of 73.7, significantly higher than the industry average of 27.63 [3] - The company holds a PEG ratio of 4.24, compared to the average PEG ratio of 2.27 for Medical - Instruments stocks [3] Industry Ranking - The Medical - Instruments industry is part of the Medical sector and currently holds a Zacks Industry Rank of 61, placing it in the top 25% 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]