Intuitive Surgical, Inc. (ISRG) closed at $950.11 within the newest buying and selling session, marking a -0.37% transfer from the prior day. This modification was narrower than the S&P 500’s 0.75% loss on the day.
Previous to as we speak’s buying and selling, shares of the corporate had gained 7.76% over the previous month. This has outpaced the Medical sector’s lack of 4.84% and the S&P 500’s achieve of two.74% in that point.
Traders will probably be hoping for energy from ISRG because it approaches its subsequent earnings launch, which is predicted to be July 20, 2021. The corporate is predicted to report EPS of $3.16, up 184.68% from the prior-year quarter. In the meantime, the Zacks Consensus Estimate for income is projecting internet gross sales of $1.28 billion, up 50.77% from the year-ago interval.
Trying on the full yr, our Zacks Consensus Estimates counsel analysts predict earnings of $13.58 per share and income of $5.37 billion. These totals would mark modifications of +33.66% and +23.16%, respectively, from final yr.
Any current modifications to analyst estimates for ISRG must also be famous by traders. These revisions assist to point out the ever-changing nature of near-term enterprise traits. As such, constructive estimate revisions mirror analyst optimism in regards to the firm’s enterprise and profitability.
Our analysis reveals that these estimate modifications are immediately correlated with near-term inventory costs. To learn from this, now we have developed the Zacks Rank, a proprietary mannequin which takes these estimate modifications under consideration and supplies an actionable ranking system.
The Zacks Rank system, which ranges from #1 (Sturdy Purchase) to #5 (Sturdy Promote), has a powerful outside-audited monitor file of outperformance, with #1 shares producing a median annual return of +25% since 1988. Over the previous month, the Zacks Consensus EPS estimate remained stagnant. ISRG is at present sporting a Zacks Rank of #3 (Maintain).
Traders must also word ISRG’s present valuation metrics, together with its Ahead P/E ratio of 70.25. This valuation marks a premium in comparison with its trade’s common Ahead P/E of 43.97.
We will additionally see that ISRG at present has a PEG ratio of seven.49. This well-liked metric is much like the widely-known P/E ratio, with the distinction being that the PEG ratio additionally takes under consideration the corporate’s anticipated earnings development charge. ISRG’s trade had a median PEG ratio of three.07 as of yesterday’s shut.
The Medical – Devices trade is a part of the Medical sector. This group has a Zacks Trade Rank of 212, placing it within the backside 17% of all 250+ industries.
The Zacks Trade Rank gauges the energy of our particular person trade teams by measuring the typical Zacks Rank of the person shares throughout the teams. Our analysis reveals that the highest 50% rated industries outperform the underside half by an element of two to 1.
You will discover extra info on all of those metrics, and far more, on Zacks.com.
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