This story originally appeared on Zacks
Intuitive Surgical, Inc. closed. (ISRG) last trading day at $325.53, up 0.38% from the previous trading session. This change outpaced the S&P 500’s loss rate of 0.14% today. Elsewhere, the Dow lost 0.45%, while the tech-heavy Nasdaq lost 0.01%.
Heading into the day, the company’s stock has lost 5.99% over the past month, trailing the medical sector’s 2.72% loss and the S&P 500’s 0.13% loss in that time.
Wall Street will be looking for positivity from Intuitive Surgical, Inc as it approaches the next earnings report date. This is expected to be on January 20, 2022. The company is expected to report earnings per share of $1.28, up 7.56% from the previous quarter. Our latest consensus estimate calls for quarterly revenue of $1.51 billion, an increase of 13.66% over the same period last year.
Also note should be any recent changes to analyst estimates for Intuitive Surgical, Inc. by investors. These reviews usually reflect the latest short-term business trends, which can change frequently. With this in mind, we can take the positive rating reviews as a sign of optimism about the company’s business outlook.
Based on our research, we believe that these discretionary reviews are directly related to stock movements close to the team. To take advantage of this, we have developed Zacks Rank, a proprietary model that takes these discretionary changes into account and provides an actionable ranking system.
Ranging from #1 (strong buy) to #5 (strong sell), the Zacks Rank has a track record of outperforming externally audited, with the #1 stock having achieved a +25% average annual return since 1988. More in a month Past, Zacks Consensus EPS estimate has held steady. Intuitive Surgical, Inc. Currently rated at Zacks #3 (Hold).
Valuation is also important, so investors should note that Intuitive Surgical, Inc. It has a forward P/E ratio of 58.64 at the moment. This valuation represents a premium over the industry’s forward P/E average of 48.25.
It is also worth noting that ISRG currently has a PEG ratio of 5.86. The price-earnings-growth (PEG) ratio is similar to the widely used price-to-earnings (P/E) ratio, but this metric also takes into account a company’s expected earnings growth rate. The Medical Instruments segment is currently averaging 2.42 as of yesterday’s close.
The medical instrument industry is part of the medical sector. This group has a Zacks Industry Rating of 166, placing it in the bottom 35% of all 250+ industries.
Zacks Industry Ranking measures the strength of our industry groups by measuring the average Zacks rating of the individual stocks within the groups. Our research shows that industries ranked 50% outperform the bottom half by a factor of 2 to 1.
To follow the ISRG in upcoming trading sessions, be sure to use Zacks.com.
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