Intuitive Surgical Announces Third Quarter Earnings

Canaccord Genuity Raises Price Target Following Intuitive Surgical's (ISRG) 3Q15 Earnings Results

October 21, 2015 10:58 AM EDT

Canaccord Genuity reiterated a Buy rating on Intuitive Surgical (NASDAQ: ISRG), and raised the price target to $625.00 (from $615.00), following the company's 3Q15 earnings results. ISRG reported another double-digit procedure growth quarter, as well as strong system placements and the second quarter in a row of solid gross margins.

Analyst Jason Mills commented, "We recommend adding to or beginning positions in ISRG on the heels of strong Q3 results, highlighting positive business trends that we saw also in Q2. These results... More

Intuitive Surgical (ISRG) 'Outperform' Reiterated, PT Trimmed to $593 at Leerink Partners

October 21, 2015 9:00 AM EDT

Leerink Partners analyst Richard Newitter reiterated an Outperform rating on Intuitive Surgical (NASDAQ: ISRG) following solid Q3 results but trimmed his price target to $593.00 (from $600.00).

Newitter commented, "ISRG's 3Q saw above-expectations system rev, procedure growth, and GM. The outperformance (plus upped procedure & GM... More

Intuitive Surgical (ISRG) PT Lifted to $565 at Evercore ISI Amid Strong Q3

October 21, 2015 8:11 AM EDT

Evercore ISI analyst Vijay Kumar reiterated a Buy rating and raised his price target on Intuitive Surgical (NASDAQ: ISRG) to $565.00 (from $545.00) following strong Q3 results.

Kumar commented, "3Q was a déjà vu of 2Q, highlighted by a STRONG procedure growth and decent systems placements, with the caveat being an even more impressive margin pull through. This was one of the most complete quarters that ISRG has put up... More

Intuitive Surgical (ISRG) Tops Q3 EPS by 101c

October 20, 2015 4:09 PM EDT

Intuitive Surgical (NASDAQ: ISRG) reported Q3 EPS of $5.24, $1.01 better than the analyst estimate of $4.23. Revenue for the quarter came in at $590 million versus the consensus estimate of $580.37 million.

Worldwide da Vinci procedures grew approximately 15% over the third quarter of 2014, driven... More