Intuitive Surgical Inc. [NASDAQ: ISRG] will report earnings after markets close on Thursday, January 21st.
ISRG Earnings Forecast For The Current Quarter
Intuitive Surgical Inc. [ISRG] is expected to report weak earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $1.24B and an earnings per share of $3.12 for Dec 2020. Looking further ahead, the company is expected to report revenue of $1.14B at an EPS of $2.92 for Mar 2021. The estimates represent downside of 17.50% and 37.48% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
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ISRG Earnings Estimates For The Current Year
For the financial year, Intuitive Surgical Inc. [NASDAQ:ISRG] is expected to bring in revenue of $4.27B. The returns are nearly $-210.0 million lower than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at 9.71, lower than that of FY19 by -$3.05. Estimates put this year’s earnings growth at -23.90%, 37.50% for the next, and at an annual 6.92% over the next 5-year period. As for sales, forecasts are for a decrease of -4.60% in the current fiscal year and a further 17.50% over the following year.
ISRG Price Performance
On Wall Street, Intuitive Surgical Inc. [NASDAQ:ISRG] finished Tuesday’s session down 0.00% at $778.41. The stock went up to $792.00 at the same session while its lowest single day price was $775.4212. In the last five days, it saw a fall of about -4.33%, Intuitive Surgical Inc. shares dropped by almost -4.85% since the beginning of the year. However, the share price has dropped to as low as -5.85% below its one year high. On 01/04/21, the company shares recorded $825.84, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/19/21, the same year at $775.42. The company’s shares have inclined by 29.73% in the past year. The 50-day SMA achieved is $770.16 while the 200-day SMA is $662.66. Volume dropped to 0.64 million from 0.77 million in the previous session.
Intuitive Surgical Inc. [ISRG] Valuation Measures
Notably, Intuitive Surgical Inc. [ISRG] stock cannot be classified as a good candidate in the listing of underestimated low-priced Medical Instruments & Supplies companies to purchase soonest possible with the prevailing 12-month PE ratio of 88.72. The measure means the stock is exchanging at a premium as compared to the 34.65x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 21.76 PS value ratio is reported for the last one year of reported earnings. That is higher than the industry average of 5.36 which means ISRG serve an unattractive investment opportunity compared to its competitors.
ISRG Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 778.41 level, and in case of violation of this particular level, it will cause more drop to 771.89 level. On the upper level, 805.05 is still the key resistance. The stock may increase to the subsequent resistance at 798.52. The Relative Strength Index (RSI) pinned on the 14-day chart is 46.16, implying a neutral technical stance while the MACD stands at -18.18, meaning price will decrease in the next trading period. Percent R indicator moved to 94.07%, implying bearish price movement. Stochastic %K at 3.91% suggest buying the stock.
Is Intuitive Surgical Inc. [NASDAQ:ISRG] a Good Buy Right Now?
It should be noted that ISRG technical indicators for short, intermediate as well as long term progress have placed an overall average of 80% as Buy. The average signal changed from 100% Buy in the last week and compares with 100% Buy in the past month. Data from Intuitive Surgical Inc.’s Trend Spotter indicated that the signals were Falling. The stock current average is 0.55 million shares in the past 20 days and the short term average signal indicates a 50% Buy. In the last 50 days, the average trading volume was 0.52 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 0.58 million shares.
What is the short interest in Intuitive Surgical Inc.?
Short interest in the Intuitive Surgical Inc. stock has plunged, decreasing by 30000.0 shares to total 1.48 million shares on Dec 30, 2020. The interest had seen shares on Nov 29, 2020 stand at 1.45 million, data from Yahoo Finance shows. The increase of 2.03% suggests the stock saw some increased bearish sentiment. The stock’s days to cover moved to short ratio while the shorted shares account for just 1.27% of the overall float for the stock.
Intuitive Surgical Inc.’s Biggest Shareholders: Who Owns Intuitive Surgical Inc. [ISRG]?
Filings by T. Rowe Price Associates, Inc. showed that the firm now holds a total of 10,154,882 shares or roughly 8.64% of the outstanding ISRG shares. This means their shares have reduced by -258,300 from the 10,154,882 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, The Vanguard Group, Inc. updated stake is worth $7,081,375,428. Details in the latest 13F filings reveal that BlackRock Fund Advisors disposed off their -2.46% stake valued at $4,686,579,932 while Fidelity Management & Research Co cut theirs at $4,382,581,334. During the last quarter, BlackRock Fund Advisors liquidated -144,447 of its shares in Intuitive Surgical Inc. while Fidelity Management & Research Co sold -620,447 shares. The SSgA Funds Management, Inc.’s holdings currently number 4,883,282 shares at $3801195541.62. According to the firm’s last 13F report, Morgan Stanley Investment Managem shares in the company at filing stood at 4,364,873 shares, roughly $3,570,902,601.
What are analyst thoughts on Intuitive Surgical Inc.?
Looking forward to the Intuitive Surgical Inc. share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for Intuitive Surgical Inc. stock at $800.00 within the next 12 months, which represents almost 2.7 per cent growth from its previous closing price of $778.41. The highest analysts’ target for Intuitive Surgical Inc. stock projections is $875.00 and the lowest one is $365.00. Still, 20 analysts sharing their consensus rating for ISRG stock in 2021 agree that it is a Hold.