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home / news releases / ISRG - Intuitive Surgical Q2 Earnings Preview: Near-Term Volatility Long-Term Growth

ISRG - Intuitive Surgical Q2 Earnings Preview: Near-Term Volatility Long-Term Growth

Intuitive Surgical Inc.

2024-07-15 11:42:36 ET

Summary

  • Intuitive Surgical's revenue and EPS for Q1 beat estimates, and the stock has risen 17% since the last earnings preview.
  • The release of the da Vinci 5 robotic system is expected to boost sales by encouraging upgrades among current users.
  • Analysts expect Q2 EPS of $1.54 and revenue of $1.97 billion, with a focus on procedure growth and new system placements.
  • Intuitive Surgical’s financial health is robust, with a strong balance sheet and significant cash flow from operations.
  • The investment recommendation is to buy ISRG stock, particularly on volatility-induced price dips.

Introduction

For further details see:

Intuitive Surgical Q2 Earnings Preview: Near-Term Volatility, Long-Term Growth
Stock Information
Company Name: Intuitive Surgical Inc.
Stock Symbol: ISRG
Market: NASDAQ
Website: intuitive.com
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