Benzinga | Oct 18, 2021 02:11PM EDT

Intuitive Surgical Earnings Preview

ISRG is set to give its latest quarterly earnings report on Tuesday, 2021-10-19. Here's what investors need to know before the announcement.

Analysts estimate that Intuitive Surgical will likely report an Earnings Per Share (EPS) of $1.17

Intuitive Surgical bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Past Earnings Performance

Last quarter the company beat on EPS by $28.43, which was followed by a 1.06 drop in the share price the next day.

Here's a look at Intuitive Surgical's past performance and the resulting price change:

Quarter Q2 2021 Q1 2021 Q4 2020 Q3 2020EPS Estimate 1.02 0.88 1.04 0.69EPS Actual 1.31 1.17 1.19 0.92Revenue Estimate 1.26B 1.11B 1.24B 970.97MRevenue Actual 1.46B 1.29B 1.33B 1.08B

Stock Performance

Shares of Intuitive Surgical were trading at $331.5 as of October 15. Over the last 52-week period, shares are up 32.43%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

To track all upcoming earnings announcements, click here to use Benzinga Earnings Calendar.