(ISRG) Intuitive Surgical Inc. – Earnings Estimates Rising

October 26th, 2009

Intuitive Surgical, Inc. (ISRG)

Growing Revenue

Intuitive announced quarterly results on the 20th of October that included revenue of $280 million, up from $236 million last year. Sales generated through the da Vinci systems propelled the company’s growth.

Earnings per share came in at $1.64, well above the $1.45 that analysts were expecting. This was the second earnings surprise in a row.

Estimates Rising

Full-year estimates are on the rise. Since the report 8 of 12 analysts have revised their forecasts. Currently the Zacks Consensus is $5.56, up 20 cents. Next year’s average estimate is $6.84, up 19 cents.

With the newly submitted estimates, earnings growth rates are projected to be 9% this year and another 23% in 2010.

The Chart

Shares of ISRG slipped on the earnings news, but climbed during the next 2 sessions.

Zacks Investment Research
View original at: Zacks.com News Feed

Related Posts:

  1. (ISRG) Intuitive Surgical Beats Consensus EstimatesIntuitive Surgical, Inc. (ISRG) reported a third quarter net income of $1.55 per share, which...
  2. (CENT) Central Garden & Pet Company Beat Earnings and Estimates Are RisingCentral Garden & Pet Company (CENT) is surging on higher estimates and another solid quarter...
  3. (EVEP) EV Energy Partners Earnings Estimates are RisingEV Energy Partners (EVEP) is leading its industry, estimates are on the rise, and the...
  4. (ISRG) Intuitive Surgical- Is the Bull of the DayIntuitive Surgical’s (ISRG) story is improving. A new product was developed as an upgrade to...
  5. (ISRG) Intuitive Surgical Inc. – net profit margin of 22% is roughly 7 times the industry norm of just 35Intuitive Surgical, Inc. (ISRG) bolstered its balance sheet, blew away estimates, and investors cant get...
  6. (ESRX) Express Scripts – Estimates Rising Following Earnings SurpriseExpress Scripts, Inc. (ESRX) reported great quarterly results and have demonstrated benefits from the economic...


Search Posts by Tag: | | Healthcare | Medical Appliances & Equipment

RSS Feeds by Tag: Intuitive Surgical Inc | ISRG | Healthcare | Medical Appliances & Equipment |

Other Posts by: | RSS Feed for this author