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Intuitive Surgical, Inc. (ISRG) closed the most recent trading day at $442.30, moving -0.5% from the previous trading session. The stock's change was less than the S&P 500's daily gain of 0.07%. Meanwhile, the Dow experienced a drop of 0.13%, and the technology-dominated Nasdaq saw an increase of 0.14%.

Shares of the company have appreciated by 6.25% over the course of the past month, outperforming the Medical sector's loss of 1.99% and the S&P 500's gain of 4.34%.

Investors will be eagerly watching for the performance of Intuitive Surgical, Inc. in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on July 18, 2024. In that report, analysts expect Intuitive Surgical, Inc. to post earnings of $1.53 per share. This would mark year-over-year growth of 7.75%. At the same time, our most recent consensus estimate is projecting a revenue of $1.97 billion, reflecting a 12.16% rise from the equivalent quarter last year.

For the full year, the Zacks Consensus Estimates are projecting earnings of $6.26 per share and revenue of $8.01 billion, which would represent changes of +9.63% and +12.46%, respectively, from the prior year.

It's also important for investors to be aware of any recent modifications to analyst estimates for Intuitive Surgical, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.

The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. At present, Intuitive Surgical, Inc. boasts a Zacks Rank of #3 (Hold).

Looking at valuation, Intuitive Surgical, Inc. is presently trading at a Forward P/E ratio of 71.03. This signifies a premium in comparison to the average Forward P/E of 24.34 for its industry.

It's also important to note that ISRG currently trades at a PEG ratio of 4.4. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. By the end of yesterday's trading, the Medical - Instruments industry had an average PEG ratio of 2.48.

The Medical - Instruments industry is part of the Medical sector. Currently, this industry holds a Zacks Industry Rank of 145, positioning it in the bottom 43% of all 250+ industries.

The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.

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