Earnings To Watch: Intuitive Surgical (ISRG) Reports Q2 Results Tomorrow
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Medical technology company Intuitive Surgical ISRG will be reporting results this Thursday afternoon. Here's what investors should know. Intuitive Surgical beat analysts' revenue expectations last quarter, reporting revenues of $2.77 billion, up 23% year on year. It was a stunning quarter for the company, with a beat of analysts' EPS estimates. Is Intuitive Surgical a buy or sell going into earnings? Read our full analysis here, it's free for active Edge members. This quarter, the market is expecting Intuitive Surgical's revenue to grow 15.6% year on year, slowing from the 21.4% increase it recorded in the same quarter last year. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Intuitive Surgical has a history of exceeding Wall Street's expectations. With Intuitive Surgical being the first among its peers to report earnings this season, we don't have anywhere else to look to get a hint at how this quarter will unfold for healthcare equipment and supplies stocks. However, there has been positive investor sentiment in the segment, with share prices up 7.6% on average over the last month. Intuitive Surgical is down 8.3% during the same time. ALSO WORTH WATCHING: Nvidia's Quiet Partner. Nvidia's chips cost a hundred grand. The connectors that make...
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