Intuitive Surgical, Inc. (NASDAQ:ISRG) is reporting second quarter financial results on Tuesday 21st July 2020, after market close.
According to analysts surveyed by Thomson Reuters, ISRG is expected to report 2Q20 income of $ 0.63 per share from revenue of $ 664.96 million.
For the full year, analysts anticipate top line of $ 3976.05 million, while looking forward to income of $ 8.70 per share bottom line.
Previous Quarter Performance
Intuitive Surgical, Inc. reported income for the first quarter of $ 2.69 per share, from the revenue of $ 1.10 million. The quarterly earnings extended 3.07 percent while revenues lowered 99.89 percent compared with the same quarter last year.
Wall street analysts are predicting, ISRG to report 1Q20 income of $ 2.54 per share from revenue of $ 1028.22 million. The bottom line results beat street analysts by $ 0.15 or 5.91 percent, at the same time, top line results fell short of analysts by $ 1 million or 99.89 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of ISRG was $ 667.54, representing a 85.17 % increase from the 52 week low of $ 360.50 and a 0.61 % decrease over the 52 week high of $ 671.63.
The company has a market capital of $ 77.85 billion and is part of the Healthcare sector and Medical Instruments & Supplies industry.
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Recent Analyst recommendations
On 18th June 2020, maintained by JPMorgan Chase & Co. at Overweight rating, with $ 600.00 target price.
On 4th June 2020, maintained by Wells Fargo & Co at Overweight rating, with $ 632.00 target price.
Conference Call
Intuitive Surgical, Inc. will be hosting a conference call at 4:30 PM eastern time on 21st July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website edge.media-server.com/mmc/p/jdd25apc
Intuitive Surgical, Inc. designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories. Its da Vinci Surgical System transforms the surgeons natural hand movements outside the body into corresponding micro-movements inside the patients body.
