Intuitive Surgical, Inc. (ISRG) Beats Q3 Earnings and Revenue Estimates

Company Performance - Intuitive Surgical reported quarterly earnings of $1.84 per share, exceeding the Zacks Consensus Estimate of $1.65 per share, and up from $1.46 per share a year ago, representing an earnings surprise of 11.52% [1] - The company achieved revenues of $2.04 billion for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 1.17%, and an increase from $1.74 billion year-over-year [1] - Over the last four quarters, Intuitive Surgical has consistently surpassed consensus EPS and revenue estimates [1] Stock Performance - Intuitive Surgical shares have increased approximately 41.3% since the beginning of the year, outperforming the S&P 500's gain of 22.5% [2] - The current consensus EPS estimate for the upcoming quarter is $1.74 on revenues of $2.18 billion, and for the current fiscal year, it is $6.66 on revenues of $8.1 billion [4] Industry Outlook - The Medical - Instruments industry, to which Intuitive Surgical belongs, is currently ranked in the top 39% of over 250 Zacks industries, indicating a favorable outlook [5] - The performance of Intuitive Surgical's stock may be influenced by the overall industry outlook, as the top 50% of Zacks-ranked industries tend to outperform the bottom 50% by a factor of more than 2 to 1 [5]