Leerink Partnrs Issues Pessimistic Outlook for ISRG Earnings

Intuitive Surgical, Inc. (NASDAQ:ISRG) – Equities research analysts at Leerink Partnrs dropped their Q4 2024 earnings per share (EPS) estimates for shares of Intuitive Surgical in a research note issued on Monday, November 25th. Leerink Partnrs analyst M. Kratky now expects that the medical equipment provider will post earnings of $1.34 per share for the quarter, down from their prior estimate of $1.36. The consensus estimate for Intuitive Surgical’s current full-year earnings is $5.45 per share. Leerink Partnrs also issued estimates for Intuitive Surgical’s FY2025 earnings at $6.02 EPS.

Other equities analysts have also issued reports about the company. The Goldman Sachs Group set a $604.00 target price on Intuitive Surgical in a research note on Friday, October 18th. Stifel Nicolaus upped their target price on Intuitive Surgical from $475.00 to $525.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Wells Fargo & Company upped their target price on Intuitive Surgical from $466.00 to $549.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Citigroup increased their price objective on Intuitive Surgical from $512.00 to $560.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Finally, Evercore ISI reiterated a “cautious” rating on shares of Intuitive Surgical in a research report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $526.06.

Intuitive Surgical Stock Up 1.0 %

Shares of NASDAQ ISRG opened at $542.10 on Tuesday. The firm has a market capitalization of $193.09 billion, a P/E ratio of 87.15, a P/E/G ratio of 5.39 and a beta of 1.39. The stock’s 50-day simple moving average is $506.81 and its two-hundred day simple moving average is $466.29. Intuitive Surgical has a twelve month low of $304.50 and a twelve month high of $552.00.

Intuitive Surgical (NASDAQ:ISRG) last announced its earnings results on Thursday, October 17th. The medical equipment provider reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.32. The business had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2.01 billion. Intuitive Surgical had a return on equity of 13.41% and a net margin of 28.51%.

Institutional Investors Weigh In On Intuitive Surgical

Several institutional investors and hedge funds have recently bought and sold shares of the business. Peapack Gladstone Financial Corp lifted its holdings in Intuitive Surgical by 1.3% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 13,085 shares of the medical equipment provider’s stock worth $6,427,000 after buying an additional 167 shares during the period. Synovus Financial Corp raised its position in shares of Intuitive Surgical by 1.1% in the 3rd quarter. Synovus Financial Corp now owns 2,572 shares of the medical equipment provider’s stock worth $1,264,000 after acquiring an additional 28 shares in the last quarter. Destination Wealth Management raised its position in shares of Intuitive Surgical by 4.1% in the 3rd quarter. Destination Wealth Management now owns 770 shares of the medical equipment provider’s stock worth $378,000 after acquiring an additional 30 shares in the last quarter. Wilmington Savings Fund Society FSB raised its position in shares of Intuitive Surgical by 15,322.2% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 555,661 shares of the medical equipment provider’s stock worth $272,980,000 after acquiring an additional 552,058 shares in the last quarter. Finally, Arvest Bank Trust Division bought a new position in shares of Intuitive Surgical in the 3rd quarter worth approximately $260,000. Hedge funds and other institutional investors own 83.64% of the company’s stock.

Insider Activity at Intuitive Surgical

In other Intuitive Surgical news, EVP Robert Desantis sold 188 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $482.21, for a total value of $90,655.48. Following the completion of the sale, the executive vice president now owns 5,506 shares in the company, valued at approximately $2,655,048.26. This trade represents a 3.30 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Gary S. Guthart sold 18,151 shares of the stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $511.63, for a total value of $9,286,596.13. Following the completion of the sale, the chief executive officer now owns 24,219 shares of the company’s stock, valued at approximately $12,391,166.97. This trade represents a 42.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 50,647 shares of company stock worth $26,170,907 in the last ninety days. 0.80% of the stock is owned by company insiders.

Intuitive Surgical Company Profile

Intuitive Surgical, Inc develops, manufactures, and markets products that enable physicians and healthcare providers to enhance the quality of and access to minimally invasive care in the United States and internationally. The company offers the da Vinci Surgical System that enables complex surgery using a minimally invasive approach; and Ion endoluminal system, which extends its commercial offerings beyond surgery into diagnostic procedures enabling minimally invasive biopsies in the lung.