ISRG image

Intuitive Surgical Shares Surge After Strong Guidance

ISRG – Sees Q4 revs $757 mln vs $739.68 mln.

Intuitive Surgical, Inc. (NASDAQ:ISRG) this morning offered a very bullish outlook for its fourth quarter sales, sending its shares sharply higher in early trading.

The Sunnyvale, CA-based maker of advanced medical devices forecast Q4 revenues of $757 million, which is much higher than the consensus Wall Street estimate of $739.68 million.

Intuitive Surgical cited a solid uptick in usage rates of its da Vinci Surgical System for the bullish view. It said that in 2016, around 753,000 surgical procedures were completed with da Vinci, which was up 15% from the prior year. U.S. general surgery procedures and worldwide urologic procedures led the push higher last year.

Looking ahead, the company expects total da Vinci procedures to rise between 9% and 12% in 2017.

ISRG commented via press release:

“We are pleased by our fourth quarter results and encouraged by our future opportunities. In 2017, we look forward to advancing several key product development innovations targeted towards further improving patient outcomes and expanding the number of patients that can derive the benefits of robotically assisted minimally invasive therapies around the world. We anticipate accelerating up to $80 million of research, development, and clinical investment into 2017.”

Intuitive Surgical, Inc. shares was trading at $684.59 per share on Wednesday morning, up $22.39 (+3.38%). Year-to-date, ISRG has gained 7.95%, versus a 1.44% rise in the benchmark S&P 500 index during the same period.

ISRG currently has an POWR Rating of C (Neutral), and is ranked #71 of 123 stocks in the Medical – Devices & Equipment category.

Try Premium Today!

Get access to our daily newsletters, Best Stocks List, POWR Ratings, and much more!
Free for 14 days -- no credit card required!

Sign Up Now

ISRG at a Glance

ISRG Current POWR Rating™
Overall POWR Rating™
ISRG Current Price $466.22 1.02%
More ISRG Ratings, Data, and News

ISRG Price Reaction

The day of this event (Jan. 11, 2017)
ISRG Closing Price$226.05 2.41%
ISRG Volume1,896,000
87.84% from avg
Leading up to this event
ISRG 1-mo returnN/A%
After this event
ISRG 1-day return0.40%
ISRG 3-day return0.23%
ISRG 5-day return0.63%

ISRG Price Chart

More Intuitive Surgical, Inc. (ISRG) News View All

Event/Date Symbol News Detail Start Price End Price Change POWR Rating
Loading, please wait...
View All ISRG News
Page generated in 1.6142 seconds.