Intuitive Surgical Earnings Preview: Can This Streak Continue?

Intuitive Surgical (NASDAQ:ISRG) will report earnings after markets close on Thursday, July 18th. Intuitive Surgical, Inc. design, manufactures and markets surgical systems. The Company’s surgical system controls Intuitive Surgical endoscopic instruments, including rigid endoscopes, blunt and sharp endoscopic dissectors, scissors, scalpels, forceps/pickups, needle holders, endoscopic retractors, electrocautery, ultrasonic cutters, and accessories during surgical procedures.

Here is your Cheat Sheet to Intuitive Surgical Earnings:

Earnings Expectations: Analysts expect earnings of $4.04 per share on revenues of $594.57 million. Currently, the company’s P/E ratio stands at 25.23.

Analyst Trends:

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 $4.25 to a profit $4.02. For the current year, the average estimate is a profit of $17.29, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Intuitive Surgical has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 875 1,052 1,413 1,757 2,179
Diluted EPS ($) 5.12 5.93 9.47 12.32 15.98

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012 Mar. 31, 2013
Revenue ($) in millions 536.50 537.80 609.30 611.40
Diluted EPS ($) 3.75 4.46 4.25 4.56

Past Performance:
Intuitive Surgical has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

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