Intuitive Surgical, Inc. (NASDAQ:ISRG) manufacturer of da Vinci surgical systems, is reporting third quarter earnings results on Thursday 15th October 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 2.07 per share.
For the full year, analysts predict revenues of $ 4153.31 million, while looking forward to income of $ 8.84 per share.
Previous Quarter Performance
Intuitive Surgical, Inc. announced income for the second quarter of $ 1.11 per share, from the revenue of $ 852.10 million. The quarterly earnings shrunk 65.85 percent while revenues reduced 22.46 percent compared with the same quarter last year.
According to street consensus, ISRG was expected to report 2Q20 income of $ 0.63 per share from revenue of $ 664.96 million. The bottom line results beat street analysts by $ 0.48 or 76.19 percent, at the same time, top line results outshined analysts by $ 187.14 million or 28.14 percent.
Stock Performance
Shares of Intuitive Surgical, Inc. traded low $ -4.27 or -0.57 percent on Wednesday, reaching $ 751.08 with volume of 638.30 thousand shares. Intuitive Surgical, Inc. has traded high as $ 766.18 and has cracked $ 746.44 on the downward trend
According to the previous trading day, closing price of $ 751.08, representing a 109.53 % increase from the 52 week low of $ 360.50 and a 3.01 % decrease over the 52 week high of $ 778.83.
The company has a market capital of $ 87.90 billion and is part of the Healthcare sector and Medical Instruments & Supplies industry.
Recent Analyst recommendations
- On 12th October 2020, maintained by Raymond James at Outperform rating, with $ 800.00 target price.
- On 28th September 2020, initiated by Argus at Buy rating.
- On 11th September 2020, initiated by Wolfe Research at Outperform rating, with $ 789.00 target price.
- On 8th September 2020, downgraded by Bank of America to Neutral from Buy rating, with $ 760.00 target price.
- On 2nd September 2020, initiated by Robert W. Baird at Neutral rating, with $ 700.00 target price.
Conference Call
Intuitive Surgical, Inc. will be hosting a conference call at 4:30 PM eastern time on 15th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.intuitive.com
Intuitive Surgical, Inc. designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories. Its da Vinci Surgical System transforms the surgeons natural hand movements outside the body into corresponding micro-movements inside the patients body.
