Intuitive Surgical (ISRG) Q2 Earnings Beat, Guidance Narrowed
Zacks Investment Research | Jul 19, 2019 08:10AM ET
Intuitive Surgical, Inc. (NASDAQ:ISRG) reported adjusted earnings per share (EPS) of $3.25 in the second quarter of 2019, ahead of the Zacks Consensus Estimate of $2.85. Adjusted EPS improved 17.8% year over year.
The Zacks Rank #3 (Hold) company recorded revenues of $1.1 billion which improved 20.9% from the prior-year quarter. The figure also outpaced the Zacks Consensus Estimate of $1.03 billion.
Per management, higher second-quarter revenues were driven by increased procedures and system placements.
Segment Details
Instruments & Accessories
Revenues at the segment came in at $578.5 million, reflecting a year-over-year increase of 21.5% on 17% growth in da Vinci procedure volumes.
Systems
In the reported quarter, System revenues increased 23.9% year over year to $343.8 million. Notably, the company shipped 273 da Vinci Surgical Systems in the quarter.
Services
Services revenues came in at $176.6 million, up 13.4% from the year-ago quarter.
Intuitive Surgical, Inc. Price, Consensus and EPS Surprise
.
The Zacks Consensus Estimate for DENTSPLY SIRONA’s second-quarter 2019 revenues is pegged at $1.03 billion. The same for adjusted EPS stands at 62 cents, indicating an increase of 3.3% from the year-ago reported figure.
The Zacks Consensus Estimate for AmerisourceBergen’s third-quarter fiscal 2019 revenues is pegged at $45.3 billion, suggesting 4.9% growth from the prior-year reported figure. The same for adjusted EPS stands at $1.64, implying a 6.5% improvement from the year-ago reported number.
The Zacks Consensus Estimate for Stryker’s second-quarter 2019 revenues is pegged at $3.6 billion, indicating an 8.5% rise from the year-ago reported figure. The same for adjusted EPS stands at $1.94, suggesting 10.23% growth from the year-earlier quarter's reported figure.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.