Intuitive Surgical Set to Report Earnings as Market Looks for 15.6% Revenue Growth
Intuitive Surgical, Inc. (NASDAQ:ISRG) is scheduled to release its quarterly financial results this Tuesday after the market closes. Wall Street consensus projects revenue to grow 15.6% year over year. That represents a deceleration from the 22.9% expansion registered during the same period last year, but analysts have largely maintained their estimates over the past month.
The medical technology firm comes into the announcement following a strong previous quarter, where it generated $2.89 billion in sales—an 18.5% year-over-year increase—and exceeded Wall Street expectations for both revenue and earnings per share. While healthcare equipment share prices have broadly remained flat over the past month, Intuitive Surgical shares gained 5.8% over the same timeframe. The stock recently traded at $426.70, while analysts hold an average price target of $478.53.
Investors will be watching whether the company can maintain its track record of beating revenue and earnings expectations despite broader industry pressures. In the medical equipment sector, early reporting peer Neogen posted 6.5% sales growth and topped revenue estimates, though its stock dropped 2.3% following the release.
Key points
- Intuitive Surgical, Inc. (NASDAQ:ISRG) will report its latest quarterly earnings results on Tuesday after market hours.
- Wall Street expects quarterly revenue to increase 15.6% year over year, down from 22.9% growth in the prior-year period.
- Analysts have mostly reconfirmed their estimates over the past 30 days, backed by the company's historical record of exceeding forecasts.
- In the prior quarter, the company posted $2.89 billion in revenue, reflecting an 18.5% year-over-year increase while beating profit estimates.
- Shares of Intuitive Surgical have risen 5.8% over the past month, with an average analyst price target of $478.53.
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When will Intuitive Surgical report its earnings results?
Intuitive Surgical is scheduled to report its quarterly earnings results this Tuesday after market hours.
What are analysts expecting for Intuitive Surgical's revenue growth?
Analysts expect revenue to grow 15.6% year over year for the quarter, compared to 22.9% growth in the same period last year.
What is the average analyst price target for Intuitive Surgical stock?
The average analyst price target for Intuitive Surgical is $478.53, compared to its recent stock price of around $425 to $426.70.