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Intuitive Surgical Second Quarter Earnings
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ISRG
Intuitive Surgical (Nasdaq:ISRG) announced its results for the second quarter on July 19, 2012. Intuitive Surgical designs and manufactures da Vinci Surgical Systems, EndoWrist instruments and other surgical accessories.
Earnings play an important role in measuring the appropriate valuation for a stock. Investors should be cautious if the company's stock price is high but it consistently has low earnings. SEE: 12 Things You Need To Know About Financial Statements
The Numbers: Intuitive Surgical's latest numbers were good, as the company announced EPS and revenues that came in ahead predictions. The company reported $3.75 per share versus the $3.52 per share estimate and revenues of $536.5 million versus the $522.9 million estimate. EPS rose 28.9% while revenue climbed 26% from the same period last year. Intuitive Surgical has averaged revenue growth of 26.5% over the past five quarters. For the second quarter, the company reported net income of $154.9 million. According to the reported number, this is up 31.9% from last year's figures. Last quarter marked the third in a row of rising net income.
Management Quote: Commenting on the announcement, Dr. Gary Guthart, President and CEO of Intuitive Surgical, said, "Our solid second quarter revenue and earnings performance is the result of robust US gynecologic and general surgery procedure growth offset by pressure in Europe and US prostatectomy."
A Look Back: Net income has increased 33.6% year-over-year on average across the last five quarters. The biggest gain came in the third quarter of the last fiscal year, when income climbed 41.3% from the year-earlier quarter.
Looking Ahead: The outlook for the company's next-quarter results is favorable. The average estimate for the third quarter has reached $3.62, up from $3.61 seven days ago. When analyst increase earnings estimates investors can assume business has been stronger than first thought and is an encouraging sign for investors. For the fiscal year, the average estimate has moved up from $14.67 a share to $14.72 over the last ninety days.
Earnings play an important role in measuring the appropriate valuation for a stock. Investors should be cautious if the company's stock price is high but it consistently has low earnings. SEE: 12 Things You Need To Know About Financial Statements
The Numbers: Intuitive Surgical's latest numbers were good, as the company announced EPS and revenues that came in ahead predictions. The company reported $3.75 per share versus the $3.52 per share estimate and revenues of $536.5 million versus the $522.9 million estimate. EPS rose 28.9% while revenue climbed 26% from the same period last year. Intuitive Surgical has averaged revenue growth of 26.5% over the past five quarters. For the second quarter, the company reported net income of $154.9 million. According to the reported number, this is up 31.9% from last year's figures. Last quarter marked the third in a row of rising net income.
Management Quote: Commenting on the announcement, Dr. Gary Guthart, President and CEO of Intuitive Surgical, said, "Our solid second quarter revenue and earnings performance is the result of robust US gynecologic and general surgery procedure growth offset by pressure in Europe and US prostatectomy."
A Look Back: Net income has increased 33.6% year-over-year on average across the last five quarters. The biggest gain came in the third quarter of the last fiscal year, when income climbed 41.3% from the year-earlier quarter.
Looking Ahead: The outlook for the company's next-quarter results is favorable. The average estimate for the third quarter has reached $3.62, up from $3.61 seven days ago. When analyst increase earnings estimates investors can assume business has been stronger than first thought and is an encouraging sign for investors. For the fiscal year, the average estimate has moved up from $14.67 a share to $14.72 over the last ninety days.
by
Investopedia Staff
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