Intuitive Surgical, Inc. (ISRG) Reports Next Week: Wall Street Expects Earnings Growth
IntuitiveIntuitive(US:ISRG) Zacks Investment Research·2024-04-11 15:06

Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for Intuitive Surgical, Inc. (ISRG) driven by higher revenues, with the actual results being crucial for stock price movement [1] Earnings Expectations - The upcoming earnings report is expected to show quarterly earnings of $1.40 per share, reflecting a year-over-year increase of +13.8% [2] - Revenues are projected to reach $1.86 billion, representing a 9.9% increase from the same quarter last year [2] Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, indicating stability in analyst expectations [3] Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that the Most Accurate Estimate for Intuitive Surgical is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +6.50% [4][6] - A positive Earnings ESP is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [5] Historical Performance - In the last reported quarter, Intuitive Surgical exceeded the expected earnings of $1.47 per share by delivering $1.60, resulting in a surprise of +8.84% [7] - The company has beaten consensus EPS estimates in the last four quarters [7] Conclusion - Intuitive Surgical is positioned as a compelling candidate for an earnings beat, although other factors should also be considered before making investment decisions [8]