Intuitive Surgical Earnings: Here’s Why the Stock is Rising Now

Intuitive Surgical, Inc. (NASDAQ:ISRG) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.32%.

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Intuitive Surgical, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 30.29% to $4.56 in the quarter versus EPS of $3.50 in the year-earlier quarter.

Revenue: Rose 23.47% to $611.4 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Intuitive Surgical, Inc. reported adjusted EPS income of $4.56 per share. By that measure, the company beat the mean analyst estimate of $3.99. It beat the average revenue estimate of $582.8 million.

Quoting Management: “We are pleased with our first quarter revenue and earnings growth. Despite a concerted effort by vocal critics of robotic surgery, support remains strong among patients, surgeons and hospitals,” said Dr. Gary Guthart, President and CEO of Intuitive Surgical. “da Vinci Surgery has clinically proven benefits in offering a minimally invasive option to a broader group of patients than traditional technologies.”

Key Stats (on next page)…

Revenue increased 0.34% from $609.3 million in the previous quarter. EPS increased 7.29% from $4.25 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $4.42 to a profit $4.35. For the current year, the average estimate has moved down from a profit of $17.77 to a profit of $17.53 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]