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Intuitive Surgical, Inc. (ISRG) Gains As Market Dips: What You Should Know

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Intuitive Surgical, Inc. (ISRG) closed at $202.59 in the latest trading session, marking a +0.3% move from the prior day. This change outpaced the S&P 500's 0.07% loss on the day. Elsewhere, the Dow gained 0.27%, while the tech-heavy Nasdaq added 0.02%.

Heading into today, shares of the company had lost 11.27% over the past month, lagging the Medical sector's loss of 5.47% and the S&P 500's loss of 7.99% in that time.

Wall Street will be looking for positivity from Intuitive Surgical, Inc. as it approaches its next earnings report date. This is expected to be July 21, 2022. The company is expected to report EPS of $1.17, down 10.69% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $1.56 billion, up 6.85% from the prior-year quarter.

For the full year, our Zacks Consensus Estimates are projecting earnings of $4.82 per share and revenue of $6.36 billion, which would represent changes of -2.82% and +11.45%, respectively, from the prior year.

Any recent changes to analyst estimates for Intuitive Surgical, Inc. should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Intuitive Surgical, Inc. is holding a Zacks Rank of #3 (Hold) right now.

Valuation is also important, so investors should note that Intuitive Surgical, Inc. has a Forward P/E ratio of 41.87 right now. For comparison, its industry has an average Forward P/E of 27.19, which means Intuitive Surgical, Inc. is trading at a premium to the group.

It is also worth noting that ISRG currently has a PEG ratio of 3.95. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Medical - Instruments industry currently had an average PEG ratio of 1.92 as of yesterday's close.

The Medical - Instruments industry is part of the Medical sector. This industry currently has a Zacks Industry Rank of 162, which puts it in the bottom 36% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.


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