Intuitive Surgical, Inc. ISRG is again to its successful methods as da Vinci procedures proceed to develop worldwide. This Zacks Rank #1 (Sturdy Purchase) is predicted to see 14% income development in 2024 and 16% in 2025.
Intuitive Surgical manufactures and markets the da Vinci surgical system globally. It strives to make surgical procedure simpler, much less invasive and simpler on surgeons, sufferers and their households. As of June 30, 2024, its da Vinci surgical system put in base grew to 9,203 methods.
One other Earnings Beat within the Second Quarter
On July 18, 2024, Intuitive Surgical reported second quarter 2024 outcomes and beat on the Zacks Consensus Estimate by $0.25. Earnings have been $1.78 versus the consensus of $1.53.
It was the sixth earnings beat in a row.
The pandemic was a tough time for the corporate as surgical procedures plunged worldwide. However that impression has receded.
Worldwide da Vinci procedures grew 17% year-over-year within the second quarter. It positioned 341 da Vinci surgical methods, up from 331 final 12 months.
Income rose 14% to $2.01 billion from $1.76 billion final 12 months pushed by development in da Vinci process quantity and a rise within the put in base of methods.
The Firm completed the second quarter with $7.68 billion in money, up $360 million.
Analysts Bullish on 2024 and 2025
No shock that the analysts are bullish on Intuitive Surgical. 10 estimates have been revised greater within the final week for each 2024 and 2025.
The 2024 Zacks Consensus Estimate jumped to $6.62 from $6.26. That’s earnings development of 16% from 2023 as the corporate made $5.71 final 12 months.
They’re bullish on 2025 as effectively. 10 estimates have been additionally revised greater for 2025 within the final week. The Zacks Consensus rose to $7.60 from $7.32, or one other 14.8% earnings development.
Here is what this robust earnings development seems to be like on the worth and consensus chart.
Picture Supply: Zacks Funding Analysis
Shares at All-Time Highs
Intuitive Surgical went IPO in 2000. The inventory has been one of many prime performers during the last 24 years and just lately hit new all-time highs.
Picture Supply: Zacks Funding Analysis
It isn’t a price inventory. Intuitive Surgical trades at 68x earnings.
However for buyers on the lookout for development, Intuitive Surgical, with its double digit income and earnings development, needs to be in your brief listing.
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Intuitive Surgical, Inc. (ISRG) : Free Inventory Evaluation Report
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