What's In The Cards For Intuitive Surgical (ISRG) Q4 Earnings?
Zacks Investment Research | Jan 19, 2020 08:41PM ET
Intuitive Surgical, Inc. (NASDAQ:ISRG) is expected to release fourth-quarter 2019 results on Jan 23, after the closing bell. In the last reported quarter, the company delivered a positive earnings surprise of 15.9%. Further, it has an average four-quarter positive surprise of 6.4%.
Let’s take a look at how things are shaping up prior to this announcement.
Which Way Are Estimates Treading?
Currently, the Zacks Consensus Estimate for fourth-quarter revenues is pegged at $1.23 billion, suggesting growth of 17.7% from the year-ago reported number. The consensus estimate for earnings is pegged at $3.26 per share, indicating an improvement of 10.1% from the year-ago reported figure.
Instruments & Accessories: A Key Catalyst
The Instruments & Accessories segment is anticipated to witness a solid fourth quarter. In fact, per the company’s preliminary announcement, the segment’s revenues are projected to improve 24% in the fourth quarter of 2019 to approximately $671 million backed by increase in da Vince procedure volume.
Further, the flagship — da Vinci surgical system — has been driving revenues continuously for the segment. In fact, impact of the company’s da Vinci SP surgical system is likely to get reflected in the fourth quarter.
In fact, as per the preliminary announcement, fourth-quarter worldwide da Vinci procedures are expected to increase approximately 19% from the year-ago quarter.
Reflective of these, the Zacks Consensus Estimate for Instruments & Accessories’ fourth-quarter revenues is pegged at $651 million, suggesting growth of 20.8% from the year-ago reported figure.
Intuitive Surgical, Inc. Price and EPS Surprise
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