Intuitive Surgical Announces Second Quarter Earnings
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July 22, 2015 7:07 AM EDT
(Updated - July 22, 2015 9:33 AM EDT)
Canaccord Genuity upgraded Intuitive Surgical (NASDAQ: ISRG) from Hold to Buy with a price target of $615.00 (from $517.00). The change follows strong Q2 results. Analyst Jason Mills said he is now much more confident in the company's fundamentals.
"Procedure growth has accelerated in three of the last four quarters (and 4Q was still +10%), which we think portends ISRG has turned a corner in this all important recurring revenue segment legacy procedure (dvP, dvH)... More
July 22, 2015 6:50 AM EDT
Leerink Partners analyst Richard Newitter reiterated an Outperform rating and boosted his price target on Intuitive Surgical (NASDAQ: ISRG) to $600.00 (from $590.00) following a 'hat trick' in Q2.
Newitter commented, "ISRG's 2Q sales/EPS beat was highlighted by better than expected system placements,... More
July 21, 2015 4:10 PM EDT
Intuitive Surgical (NASDAQ: ISRG) reported Q2 EPS of $4.57, $0.59 better than the analyst estimate of $3.98. Revenue for the quarter came in at $586.1 million versus the consensus estimate of $566.86 million.
For earnings history and earnings-related data on Intuitive Surgical (ISRG) click here.
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