Intuitive Surgical, Inc. (NASDAQ:ISRG ) Q3 2024 Earnings Conference Call October 17, 2024 4:30 PM ET Company Participants Brandon Lamb - Investor Relations Gary Guthart - Chief Executive Officer Dave Rosa - President Jamie Samath - Chief Financial Officer Conference Call Participants Travis Steed - Bank of America Larry Biegelsen - Wells Fargo Robbie Marcus - JPMorgan David Roman - Goldman Sachs Rick Wise - Stifel Adam Maeder - Piper Sandler Brandon Vazquez - William Blair Matt Miksic - Barclays Operator Thank you everyone for standing by and welcome to the Intuitive Third Quarter 2024 Earnings Release. Now at this time all participants are on a listen-only mode.
Intuitive Surgical, Inc. (ISRG) came out with quarterly earnings of $1.84 per share, beating the Zacks Consensus Estimate of $1.65 per share. This compares to earnings of $1.46 per share a year ago.
Medical device maker Intuitive Surgical beat Wall Street estimates for third-quarter profit on Thursday, helped by strong demand for its surgical robots used in minimally invasive procedures, sending shares up 6% in extended trading.
Shares of Intuitive Surgical Inc. jumped after hours on Thursday after the company reported third-quarter results that beat Wall Street's expectations, helped by wider adoption of its robotic-surgery equipment.
Intuitive Surgical stock is flirting with its 50-day line as the robotic surgery behemoth approaches its third-quarter report late Thursday.
Intuitive Surgical scheduled to report earnings after Thursday's close. The stock hit a record high of $496.48/share in 2024 and, as of this writing, it is currently trading near $474.
Intuitive Surgical (ISRG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Intuitive Surgical (NASDAQ: ISRG) will report its Q3 2024 results on Thursday, October 17. We expect the company's revenues to come in at $2 billion and adjusted earnings to be $1.60 per share, reflecting a top-line above, but earnings slightly below the consensus estimate.
Intuitive Surgical's third-quarter results are likely to reflect solid performance in the company's Instruments & Accessories segment. Improving margins buoy optimism.
Besides Wall Street's top -and-bottom-line estimates for Intuitive Surgical (ISRG), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2024.
In the latest trading session, Intuitive Surgical, Inc. (ISRG) closed at $490.38, marking a +2% move from the previous day.
ISRG stock has maintained an uptrend so far this year on the back of robust da Vinci portfolio performance. However, the stock has declined in the past month.