For its second fiscal quarter (ending June 30), Intuitive Surgical Inc (NASDAQ: ISRG) has reported a 23% increase in E.P.S. from $1.20 a year ago to $1.48 in the current quarter. However, this result fell short of the consensus estimate of $1.54 by $-0.06. For the latest four quarters through June 30, E.P.S. were $5.93 versus $4.05 for the same period a year ago — an increase of 46%.
Recent Price Action
On 7/18/24, Intuitive Surgical Inc (NASDAQ: ISRG) stock declined by -2.4%, closing at $416.14. Moreover, this decline was accompanied by exceptionally high trading volume at 277% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -6.4% during the last week.
Current PriceTarget Research Rating
ISRG’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Intuitive Surgical has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Intuitive Surgical has a very low Appreciation Score of 14 but a good Power Rating of 83, triggering the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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