Zacks: Brokerages Anticipate Intuitive Surgical, Inc. (ISRG) Will Announce Earnings of $1.93 Per Share
Equities analysts forecast that Intuitive Surgical, Inc. (NASDAQ:ISRG) will announce earnings of $1.93 per share for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Intuitive Surgical’s earnings. The lowest EPS estimate is $1.64 and the highest is $2.03. Intuitive Surgical reported earnings of $1.70 per share in the same quarter last year, which indicates a positive year over year growth rate of 13.5%. The company is scheduled to report its next quarterly earnings report on Tuesday, April 17th.
According to Zacks, analysts expect that Intuitive Surgical will report full-year earnings of $9.40 per share for the current fiscal year, with EPS estimates ranging from $8.88 to $9.68. For the next year, analysts anticipate that the company will post earnings of $10.66 per share, with EPS estimates ranging from $9.53 to $11.27. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Intuitive Surgical.
Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings results on Thursday, January 25th. The medical equipment provider reported $2.54 EPS for the quarter, topping the consensus estimate of $2.27 by $0.27. The firm had revenue of $892.40 million for the quarter, compared to analyst estimates of $866.54 million. Intuitive Surgical had a return on equity of 19.93% and a net margin of 21.09%. Intuitive Surgical’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same period in the previous year, the company posted $2.03 EPS.
In other news, COO Salvatore Brogna sold 6,082 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $397.61, for a total value of $2,418,264.02. Following the completion of the sale, the chief operating officer now directly owns 3,096 shares in the company, valued at approximately $1,231,000.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Jamie Samath sold 959 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $398.46, for a total value of $382,123.14. Following the completion of the sale, the vice president now owns 536 shares of the company’s stock, valued at $213,574.56. The disclosure for this sale can be found here. Insiders sold a total of 22,621 shares of company stock valued at $8,983,248 over the last quarter. Company insiders own 2.20% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of ISRG. Edgewood Management LLC increased its holdings in shares of Intuitive Surgical by 200.7% in the 3rd quarter. Edgewood Management LLC now owns 2,898,113 shares of the medical equipment provider’s stock valued at $1,010,359,000 after acquiring an additional 1,934,382 shares during the last quarter. Koch Industries Inc. increased its holdings in shares of Intuitive Surgical by 202,917.0% in the 2nd quarter. Koch Industries Inc. now owns 1,388,636 shares of the medical equipment provider’s stock valued at $1,387,000 after acquiring an additional 1,387,952 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Intuitive Surgical by 7,931.4% in the 2nd quarter. Janus Henderson Group PLC now owns 412,170 shares of the medical equipment provider’s stock valued at $385,532,000 after acquiring an additional 407,038 shares during the last quarter. APG Asset Management N.V. increased its holdings in shares of Intuitive Surgical by 318.4% in the 4th quarter. APG Asset Management N.V. now owns 363,539 shares of the medical equipment provider’s stock valued at $110,485,000 after acquiring an additional 276,657 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of Intuitive Surgical by 214.2% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 386,037 shares of the medical equipment provider’s stock valued at $140,881,000 after acquiring an additional 263,157 shares during the last quarter. Institutional investors and hedge funds own 34.01% of the company’s stock.
Intuitive Surgical (NASDAQ:ISRG) traded down $8.50 during trading on Tuesday, reaching $427.84. The company had a trading volume of 1,072,440 shares, compared to its average volume of 924,252. The firm has a market cap of $47,940.00, a price-to-earnings ratio of 75.32, a PEG ratio of 5.25 and a beta of 0.47. Intuitive Surgical has a 12-month low of $227.88 and a 12-month high of $452.00.
TRADEMARK VIOLATION WARNING: This piece of content was originally posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are reading this piece of content on another website, it was copied illegally and republished in violation of international copyright and trademark legislation. The original version of this piece of content can be accessed at https://theolympiareport.com/2018/01/30/zacks-brokerages-anticipate-intuitive-surgical-inc-isrg-will-announce-earnings-of-1-93-per-share.html.
Intuitive Surgical Company Profile
Intuitive Surgical, Inc (Intuitive) designs, manufactures and markets da Vinci Surgical Systems, and related instruments and accessories. The Company’s da Vinci Surgical System consists of a surgeon’s console, a patient-side cart and a vision system. The da Vinci Surgical System translates a surgeon’s hand movements, which are performed on instrument controls at a console, into corresponding micro-movements of instruments positioned inside the patient through small incisions or ports.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Intuitive Surgical Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intuitive Surgical and related companies with MarketBeat.com's FREE daily email newsletter.