Intuitive Surgical Inc ISRG reported better-than-expected first-quarter monetary outcomes Tuesday after the bell.
Intuitive Surgical reported first-quarter income of $2.25 billion, beating analyst estimates of $2.19 billion, based on Benzinga Professional. The robotic-assisted surgical procedure firm reported first-quarter adjusted earnings of $1.81 per share, beating analyst estimates of $1.72 per share.
“Core measures of our enterprise have been wholesome this quarter, and we’re happy by continued buyer adoption of our platforms, together with da Vinci 5. As we glance forward, we stay centered on enabling our clients to ship on their objectives: higher affected person outcomes, improved affected person and care crew experiences, decrease complete value to deal with, and elevated entry to care,” stated Gary Guthart, CEO of Intuitive Surgical.
Intuitive Surgical expects full-year 2025 worldwide da Vinci procedures to extend roughly 15% to 17%. The corporate expects gross revenue margin to be between 65% and 66.5% of income in 2025, which incorporates an estimated 1.7% affect from tariffs.
Intuitive Surgical shares gained 3% to commerce at $492.96 on Wednesday.
These analysts made adjustments to their value targets on Intuitive Surgical following earnings announcement.
- Baird analyst David Rescott maintained Intuitive Surgical with an Outperform score and lowered the value goal from $600 to $575.
- Evercore ISI Group analyst Vijay Kumar maintained the inventory with an In-Line score and lowered the value goal from $510 to $470.
- Piper Sandler analyst Adam Maeder maintained Intuitive Surgical with an Chubby score and lowered the value goal from $670 to $575.
- Truist Securities analyst Richard Newitter maintained the inventory with a Purchase score and lower the value goal from $605 to $590.
- RBC Capital analyst Shagun Singh maintained Intuitive Surgical with an Outperform score and lowered the value goal from $630 to $605..
Contemplating shopping for ISRG inventory? Right here’s what analysts assume:
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