Information Provided By:
Fly News Breaks for January 25, 2017
ISRG
Jan 25, 2017 | 06:33 EDT
Piper Jaffray analyst Matt O'Brien says earnings estimates for Intuitive Surgical will be coming down following the company's Q4 results, even with its $2B accelerated stock repurchase program, due to lower gross margin and higher operating expense guidance. He views the repurchase program as a sign of confidence by management, however, and keeps a Neutral rating on the shares with a $700 price target.
News For ISRG From the Last 2 Days
ISRG
Apr 18, 2024 | 17:52 EDT
Check out this evening's top movers from around Wall Street, compiled by The Fly. HIGHER AFTER EARNINGSMetropolitan... To see the rest of the story go to thefly.com. See Story Here
ISRG
Apr 18, 2024 | 17:00 EDT
Sees FY24 gross profit margin 67%-68%. Sees FY24 operating expense up 11%-15%. Sees FY24 capital expenditures 1B-$1.2B. Sees FY24 tax rate 22%-24%. Says five additional procedures will have reimbursement in Japan by June. Says saw particular strength in the U.S. and the U.K. Comments and guidance taken from Q1 earnings conference call.
ISRG
Apr 18, 2024 | 13:20 EDT
Pre-earnings options volume in Intuitive Surgical is 2.0x normal with calls leading puts 10:9. Implied volatility suggests the market is anticipating a move near 4.9%, or $18.11, after results are released. Median move over the past eight quarters is 5.6%.