Intuitive Surgical, Inc. (ISRG) Stock Moves -0.99%: What You Should Know

Intuitive Surgical, Inc. (ISRG - Free Report) closed its latest trading day at $483.95, reflecting a decrease of -0.99% compared to the previous day. This shift was less severe than the overall market, as the S&P 500 experienced a decline of 1.07% on the same day. The Dow Jones Industrial Average also fell by 0.62%, while the technology-focused Nasdaq composite saw a drop of 1.71%.

Over the past month, Intuitive Surgical's stock has declined by 17.93%, which is notably underperforming compared to the Medical sector's modest increase of 0.53% and the S&P 500's more significant drop of 7.03%.

Investors will be keeping a close watch on Intuitive Surgical's upcoming earnings report. Analysts forecast the company will earn $1.71 per share, representing a 14% increase year-over-year. Additionally, the Zacks Consensus Estimate anticipates net sales of $2.18 billion, which signifies a 15.54% rise from the previous year.

For the entire fiscal year, the Zacks Consensus Estimates predict earnings of $7.97 per share and total revenue of $9.56 billion. These figures indicate year-over-year growth of 8.58% in earnings and 14.42% in revenue.

Furthermore, recent adjustments to analyst estimates for Intuitive Surgical are noteworthy. Such alterations often reflect a changing outlook on short-term business trends. Positive revisions generally indicate confidence among analysts regarding the company's performance and potential profitability.

Our analysis suggests that these estimate changes have a direct correlation with short-term stock movements. To help navigate this, we have developed the Zacks Rank, a quantitative model incorporating these estimate revisions and providing a reliable rating system.

The Zacks Rank ranges from #1 (Strong Buy) to #5 (Strong Sell) and boasts a well-documented success rate. Historically, stocks rated #1 have delivered an average annual return of +25% since 1988. Currently, Intuitive Surgical holds a Zacks Rank of #3 (Hold), with the Consensus EPS estimate remaining flat over the past month.

In terms of valuation, Intuitive Surgical trades with a Forward P/E ratio of 61.3, indicating a premium compared to the industry average Forward P/E ratio of 28.02.

Moreover, ISRG displays a PEG ratio of 3.8, a metric similar to the P/E ratio that additionally considers anticipated earnings growth. The Medical - Instruments industry, to which Intuitive Surgical belongs, currently has an average PEG ratio of 2.43.

The Medical - Instruments sector is a subset of the broader Medical field, with this industry currently ranked 79 by Zacks. This ranking places it in the top 32% among over 250 analyzed industries.

The Zacks Industry Rank assesses the strength of various industry groups by evaluating the average Zacks Rank of individual stocks within those groups. Historical data shows that the top 50% of rated industries tend to outperform the lower half by a ratio of 2 to 1.

It’s important to stay updated on these stock-movement metrics, especially as we head into the next trading sessions, and leverage resources like Zacks.com for continued insights.

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