Intuitive Surgical (Nasdaq: ISRG) is expected to report Q2 earnings on 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 expand 9.8% and EPS will expand 8.3%.
The average estimate for revenue is $589.2 million. On the bottom line, the average EPS estimate is $4.06.
Revenue details
Last quarter, Intuitive Surgical reported revenue of $611.4 million. GAAP reported sales were 23% higher than the prior-year quarter's $495.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
Last quarter, EPS came in at $4.56. GAAP EPS of $4.56 for Q1 were 30% higher than the prior-year quarter's $3.50 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Recent performance
For the preceding quarter, gross margin was 71.0%, 90 basis points worse than the prior-year quarter. Operating margin was 41.1%, 210 basis points better than the prior-year quarter. Net margin was 30.9%, 190 basis points better than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $2.48 billion. The average EPS estimate is $17.33.
Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 4,241 members out of 4,473 rating the stock outperform, and 232 members rating it underperform. Among 1,150 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 1,097 give Intuitive Surgical a green thumbs-up, and 53 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Intuitive Surgical is outperform, with an average price target of $595.27.
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