Intuitive Surgical, Inc. (ISRG) Sees a More Significant Dip Than Broader Market: Some Facts to Know

Company Performance - Intuitive Surgical, Inc. (ISRG) closed at $481.73, with a slight decrease of -0.35% from the previous trading session, which is better than the S&P 500's loss of 0.16% [1] - Over the past month, ISRG shares have increased by 7.99%, outperforming the Medical sector's gain of 4.7% and the S&P 500's gain of 3.64% [1] - The upcoming earnings disclosure is anticipated, with projected earnings per share (EPS) of$ 1.65, reflecting a 13.01% increase year-over-year, and revenue expected to be $2.02 billion, indicating a 15.57% increase from the same quarter last year [1] Analyst Estimates - For the entire fiscal year, Zacks Consensus Estimates project earnings of$ 6.67 per share and revenue of $8.1 billion, representing increases of +16.81% and +13.69% respectively from the prior year [2] - Recent changes to analyst estimates reflect optimism about the company's business and profitability, with positive revisions indicating potential stock price performance [2] Zacks Rank and Valuation - Intuitive Surgical, Inc. currently holds a Zacks Rank of 1 (Strong Buy), with a historical average annual return of +25% for stocks rated 1 since 1988 [3] - The company has a Forward P/E ratio of 72.53, significantly higher than the industry average of 27.25, indicating a premium valuation [3] - The PEG ratio for ISRG is 4.17, compared to the Medical - Instruments industry average PEG ratio of 2.29, suggesting higher projected earnings growth expectations [3] Industry Overview - The Medical - Instruments industry is part of the Medical sector and currently holds a Zacks Industry Rank of 78, placing it in the top 31% of over 250 industries [4] - The Zacks Industry Rank measures the strength of industry groups, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [4]