Earnings Preview: Intuitive - Analyst Blog
17 4월 2013 - 3:50AM
Zacks
Intuitive Surgical (ISRG), the leader in
robotic surgery, is set to report its first-quarter 2013 results on
Apr 18, 2013. Let’s see how things are shaping up prior to the
announcement.
In the last quarter, the company posted a positive earnings
surprise of 5.5% riding on continued demand for its surgical
robots.
Growth Factors this Past Quarter
Intuitive Surgical faces little direct competition in robotic
surgery. The installed base of Intuitive Surgical continues to grow
steadily as hospitals are compelled to upgrade their systems with
these expensive machines. Recurring revenues from Instrument sales
continue to climb steadily.
Earnings Whispers?
Our proven model does not conclusively show that Intuitive
Surgical is likely to beat earnings estimates this quarter. This is
because a stock needs to have both a positive Earnings ESP (Read:
Zacks Earnings ESP: A Better Method) and a Zacks Rank #1, #2 or #3
for this to happen. This is not the case here as you will see
below.
Negative Zacks ESP: The Most Accurate Estimate stands at $3.96
while the Zacks Consensus Estimate is pegged at $3.99. This comes
to a difference of -0.75%.
Zacks Rank #3 (Hold): Intuitive Surgical’s Zacks Rank #3 (Hold)
lowers the predictive power of ESP because the Zacks Rank #3 when
combined with a negative ESP makes surprise prediction
difficult. We caution against stocks with Zacks Ranks #4 and
#5 (Sell rated stocks) going into the earnings announcement,
especially when the company is seeing negative estimate revisions
momentum.
Other Stocks to Consider
Here are some companies you may want to consider as our model
shows they have the right combination of elements to post an
earnings beat this quarter.
NuVasive, Inc. (NUVA), Earnings ESP of +18.18%
and a Zacks Rank #1 (Strong Buy)
Coventry Health Care Inc. (CVH), Earnings ESP
of +7.69% and a Zacks Rank #1 (Strong Buy)
Hanger, Inc. (HGR), Earnings ESP of +8.00% and
a Zacks Rank #2 (Buy)
COVENTRY HLTHCR (CVH): Free Stock Analysis Report
HANGER ORTHOPED (HGR): Free Stock Analysis Report
INTUITIVE SURG (ISRG): Free Stock Analysis Report
NUVASIVE INC (NUVA): Free Stock Analysis Report
To read this article on Zacks.com click here.
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