We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Here's Why You Should Buy Intuitive Surgical (ISRG) Now
Read MoreHide Full Article
Intuitive Surgical, Inc. (ISRG - Free Report) is one of the top-performing stocks in the MedTech space now. A solid outlook for 2018 and robust demand for the much coveted da Vinci platform currently favor the stock.
Price Performance
In a year’s time, shares of Intuitive Surgical have rallied 23.9% against the industry's 8.2% growth. The current level is also higher than the S&P 500 index’s gain of 1.9%.
The stock currently carries a Zacks Rank #2 (Buy).
What Makes the Stock an Attractive Pick?
Bullish Outlook
Intuitive Surgical forecasts 2018 procedure growth in the range of 17-18%, up from 14.5-16.5% projected earlier.
For 2018, the company expects adjusted gross profit margin in the range of 70.5-71.5% of net revenues.
Operating expenses are anticipated to grow 15.5-17% compared with 16-18% estimated earlier.
da Vinci Drives Growth
Intuitive Surgical’s robot-based da Vinci surgical system enables minimally-invasive surgery, which reduces the trauma associated with open surgery. This system has been consistently driving the company’s top line.
In the third quarter of 2018, da Vinci procedures increased approximately 20% from the year-ago quarter. Notably, mature procedure growth in the United States includes prostatectomy and hysterectomy. In Japan, procedures grew above 40% year over year. However, European procedure performance has been in line with solid strength in the United Kingdom.
For the current quarter, the Zacks Consensus Estimate for earnings is pegged at $2.96, reflecting a year-over-year growth of 16.5%. The same for revenues stands at $1.02 billion, mirroring 14.5% improvement year over year.
For 2018, the Zacks Consensus Estimate for earnings is pinned at $10.97, reflecting 22% growth from the previous year number. The same for revenues is pegged at $3.7 billion, indicating a rise of 18.2%.
Key Picks
Other top-ranked stocks in the broader medical space are Integer Holdings Corporation (ITGR - Free Report) , Surmodics, Inc. (SRDX - Free Report) and Veeva Systems (VEEV - Free Report) .
Surmodics’ long-term earnings growth rate is projected at 10%. The stock carries a Zacks Rank of 2.
Veeva Systems’ long-term earnings growth rate is estimated at 19.3%. The stock carries a Zacks Rank #2.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
Image: Bigstock
Here's Why You Should Buy Intuitive Surgical (ISRG) Now
Intuitive Surgical, Inc. (ISRG - Free Report) is one of the top-performing stocks in the MedTech space now. A solid outlook for 2018 and robust demand for the much coveted da Vinci platform currently favor the stock.
Price Performance
In a year’s time, shares of Intuitive Surgical have rallied 23.9% against the industry's 8.2% growth. The current level is also higher than the S&P 500 index’s gain of 1.9%.
The stock currently carries a Zacks Rank #2 (Buy).
What Makes the Stock an Attractive Pick?
Bullish Outlook
Intuitive Surgical forecasts 2018 procedure growth in the range of 17-18%, up from 14.5-16.5% projected earlier.
For 2018, the company expects adjusted gross profit margin in the range of 70.5-71.5% of net revenues.
Operating expenses are anticipated to grow 15.5-17% compared with 16-18% estimated earlier.
da Vinci Drives Growth
Intuitive Surgical’s robot-based da Vinci surgical system enables minimally-invasive surgery, which reduces the trauma associated with open surgery. This system has been consistently driving the company’s top line.
In the third quarter of 2018, da Vinci procedures increased approximately 20% from the year-ago quarter. Notably, mature procedure growth in the United States includes prostatectomy and hysterectomy. In Japan, procedures grew above 40% year over year. However, European procedure performance has been in line with solid strength in the United Kingdom.
Intuitive Surgical, Inc. Price and Consensus
Intuitive Surgical, Inc. Price and Consensus | Intuitive Surgical, Inc. Quote
Which Way Are Estimates Treading?
For the current quarter, the Zacks Consensus Estimate for earnings is pegged at $2.96, reflecting a year-over-year growth of 16.5%. The same for revenues stands at $1.02 billion, mirroring 14.5% improvement year over year.
For 2018, the Zacks Consensus Estimate for earnings is pinned at $10.97, reflecting 22% growth from the previous year number. The same for revenues is pegged at $3.7 billion, indicating a rise of 18.2%.
Key Picks
Other top-ranked stocks in the broader medical space are Integer Holdings Corporation (ITGR - Free Report) , Surmodics, Inc. (SRDX - Free Report) and Veeva Systems (VEEV - Free Report) .
Integer Holdings has an earnings growth rate of 31.2% for the next quarter and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Surmodics’ long-term earnings growth rate is projected at 10%. The stock carries a Zacks Rank of 2.
Veeva Systems’ long-term earnings growth rate is estimated at 19.3%. The stock carries a Zacks Rank #2.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>