Intuitive Surgical (Nasdaq: ISRG ) is expected to report Q2 earnings around July 19. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Intuitive Surgical's revenues will grow 22.7% and EPS will grow 22.7%.
The average estimate for revenue is $522.1 million. On the bottom line, the average EPS estimate is $3.57.
Last quarter, Intuitive Surgical booked revenue of $495.2 million. GAAP reported sales were 28% higher than the prior-year quarter's $388.1 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $3.50. GAAP EPS of $3.50 for Q1 were 35% higher than the prior-year quarter's $2.59 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 71.9%, 10 basis points better than the prior-year quarter. Operating margin was 39.0%, 80 basis points better than the prior-year quarter. Net margin was 29.0%, 220 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $2.14 billion. The average EPS estimate is $14.84.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 4,100 members out of 4,309 rating the stock outperform, and 210 members rating it underperform. Among 1,202 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 1,157 give Intuitive Surgical a green thumbs-up, and 45 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Intuitive Surgical is hold, with an average price target of $495.70.
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