What's Going On With Robotics Focused Intuitive Surgical Stock Today?
Portfolio Pulse from Vandana Singh
Intuitive Surgical Inc (NASDAQ:ISRG) reported preliminary Q4 revenue of $1.93 billion, surpassing consensus estimates of $1.87 billion. The company expects FY23 revenue of $7.12 billion, slightly above estimates of $7.07 billion. Q4 da Vinci procedures grew by 21% Y/Y, with full-year procedures up by 22%. Intuitive Surgical placed 415 da Vinci systems in Q4, a 12% Y/Y increase, and 1,370 systems in 2023, an 8% Y/Y increase. Growth was driven by U.S. general surgery and international cancer procedures. William Blair predicts strong growth into 2024, with potential for the company to exceed its conservative guidance. ISRG shares rose 6.55% to $352.22.
January 10, 2024 | 2:40 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Intuitive Surgical exceeded Q4 revenue estimates and anticipates higher FY23 revenue. The company saw significant growth in da Vinci procedures and system placements, with a positive outlook for 2024.
The positive earnings report and the anticipation of continued growth in procedures and system placements are likely to instill investor confidence and drive the stock price up in the short term. The analyst's outlook further supports this sentiment, and the current share price increase reflects the market's positive reaction.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100