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Health and Healthcare

Intuitive Surgical Earnings Stronger Than The Bionic Man (ISRG)

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By Douglas A. McIntyre Updated Published
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Intuitive Surgical Inc. (NASDAQ:ISRG) saw shares rise a monster 8.3% to $256.44 in active trading ahead of earnings.  After the earnings report, it appears shares are trading up another 4.9% in after-hours at $269.00 to new highs.  Cramer just covered this one positively in a call-in when he was touting the other medical stocks and this was also one of his fantasy stock picks.

The company posted $1.04 EPS on revenues $156.9 million.  Analysts were looking for $0.80 EPS and $144 million revenues.  This is robotic surgical operations under the da Vinci brand that is kicking you know what.  The company is also raising guidance to 55% to 58% sales growth rather than its prior 45% to 50% projections. 

This stock is now trading above almost all brokerage firm price targets, so analysts are going to have to hike targets to keep up with it if they dont want to do the "downgrade on valuations" calls.  The valuations on this are still astronomical, so its hard to imagine with close to a $10+ Billion market cap that this can run another 200% like it has over the last year. We’ll see.

Jon C. Ogg
October 18, 2007

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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